‘Rich Dad’ author Robert Kiyosaki recommends Bitcoin investments ahead of ‘biggest crash in history’

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Robert Kiyosaki, famous investor and author of the ‘Rich Dad’ personal finance book series, is another financial figure who speaks out in favor of cryptocurrency investing, as well as gold and gold. money.

Explore: 10 Inexpensive Cryptocurrencies To Buy

In several tweets over the past few weeks, Kiyosaki has touted his preference for these investments, even going so far as to say, “Get gold, silver, Bitcoin, ethereum before the biggest crash in the story”.

The US government is out of money. Imminent stop. Democrats blame Republicans for the problem. Evergrande the largest real estate developer in China with 800 projects in 200 cities with no money. Receive the message? Get Gold, Silver, Bitcoin, Ethereum before the biggest crash in history. Take care.

– therealkiyosaki (@theRealKiyosaki) September 23, 2021

He then tweeted that he had no plans to sell his bitcoin, gold or silver holdings because he has “a lot of money.” However, he even added an October date to his prediction, making time the main thing:

Giant stock market crash coming in October. Why? Treasury and Fed run out of treasury bills. Gold, silver, Bitcoin can also crash. Better cash for picking up good deals after a crash. Don’t sell Bitcoin or silver, but have a lot of money for life after the stock market crash. Dangerous stocks. Careful

– therealkiyosaki (@theRealKiyosaki) September 26, 2021

While Kiyosaki’s views may seem marginal – even alarmist – his thoughts on crypto might be worth considering. Despite 32 crypto hacks in 2021 so far resulting in a loss of $ 2.99 billion, and two of the biggest hacks in crypto history in the past three months, coins such as Bitcoin and Ethereum continue to gain in value. Bitcoin broke $ 50,000 USD in value today.

Related: “Rich Dad Poor Dad” Writer Robert Kiyosaki: You Should Never Say “I Can’t Afford This”

Likewise, some leading investors are diversifying their portfolios with investments in gold. Palantir Technologies, led by Peter Thiel, recently bought gold bullion for $ 50 million as a hedge against inflation. Yahoo Finance pointed out that in the first six months of 2020, with the stock market uncertainty due to the COVID-19 pandemic, the value of gold rose from $ 1,509 to $ 1,772 per ounce. Likewise, the price of silver has increased by 30% over the past two years.

If investing in cryptocurrencies or gold or silver bullion seems too risky or complicated, experts recommend investing in stocks linked to these assets. For example, Tesla’s investment in Bitcoin has the electric vehicle maker’s stock tied to the value of the crypto. PayPal has a feature that allows users in the US and UK to buy, sell, and hold cryptos within their platform. And products from graphics processing unit maker Nvidia are in high demand among crypto miners, Yahoo Finance wrote.

Examine: Deflation, Inequality, and Hackers Cover Top Economic Concerns of 3 Leading Wall Street Experts

ETFs and investments in gold mining companies can allow you to profit from rising gold prices without the inconvenience of buying, storing and protecting bullion.

Last updated: October 5, 2021

About the Author

Dawn Allcot is a full-time freelance writer and content marketer with an interest in finance, e-commerce, technology, and real estate. Its long list of publishing credits includes Bankrate, Lending Tree, and Chase Bank. She is the founder and owner of GeekTravelGuide.net, a travel, tech and entertainment website. She lives in Long Island, New York, with a real menagerie that includes 2 cats, an exuberant kitten and three lizards of different sizes and personalities as well as her two children and her husband. Find her on Twitter, @DawnAllcot.

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