The highly successful author of the “Rich Dad Poor Dad” series of personal finance books, Robert Kiyosaki, has recommended buying bitocin, silver and hold ahead of what he believes is going to be the “biggest crash in world history.”
In a tweet, Kiyosaki said that he thinks the next market crash “will be a long one,” but noted that the “best time to get rich is during a crash.” For his followers to stay ahead of the financial downturn, he advised them to “get more hold, silver, and Bitcoin” while they can.
It’s worth noting Kiyosaki has been predicting a market crash for some time now. Back in December 2020, the best-selling author revealed he was glad he bought BTC when it was trading around $19,000 as there was a “wall of institutional money coming” in 2021, and accurately predicted it would then trade at $50,000.
A few months later bitcoin hit a new all-time high near $64,000 before crashing down to $30,000 and subsequently recovering. Kiyosaki, as CryptoGlobe reported, then said the crash was “great news” as he was looking to more cryptocurrency later on.
Just last week, the author said t the “biggest bubble in the history of the world” is getting bigger and that he is waiting for bitcoin’s price to drop to $24,000 to buy some more, while buying more gold and silver.
The price of bitcoin surged late last year, from around $11,000 in October to a new all-time high near $64,000 before it started correcting. The bull run started shortly after PayPal launched a new service letting users buy, sell, and hold BTC, ETH, BCH, and LTC on its platform. It accelerated as major companies like MicroStrategy and Tesla added bitcoin to their balance sheets.
The upward movement then seemingly came to an end after Tesla CEO Elon Musk tweeted out Tesla would no longer accept bitcoin payments over environmental concerns. Since then the price of bitcoin has been ranging between the $30,000 and $40,000 marks.
Kiyosaki’s 1997 book “Rich Dad Poor Dad” has been on the New York Times Best Seller list for over six years and has sold over 32 million copies, after having been translated to 51 languages. In the past, the author told his followers to “remember the problem is not gold, silver or bitcoin” but instead the “incompetents in government, Fed & Wall Street.”
DISCLAIMER
The views and opinions expressed by the author, or any people mentioned in this article, are for informational purposes only, and they do not constitute financial, investment, or other advice. Investing in or trading cryptoassets comes with a risk of financial loss.
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