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Popular “Rich Dad, Poor Dad” author and businessman advises to stock up on Bitcoin for financial security

Robert Kiyosaki, businessman and author of the popular best-selling financial book “Rich Dad, Poor Dad”, says that it is important to acquire assets like Bitcoin to safeguard against an upcoming global economic crash.

In a warning to his Twitter followers on Monday, Kiyosaki not only said that an economic crash would be the biggest in history but also that we would be feeling the consequences for a long time. So, to prepare for the crash as Kiyosaki predicts, he advises his 1.6 million followers to stock up on as many Bitcoin as possible.

Kiyosaki has been making similar statements in favor of Bitcoin as a failsafe. In 2018, the best-selling author called crypto “the people’s money” as he advised people to invest in Bitcoin and other cryptocurrencies. Already then, he warned against the U.S. government’s shady policies such as quantitative easing, which could eventually lead to an economic collapse, according to him.

In August 2020, he repeated his advice as he warned for a looming banking crisis:

Following Bitcoin’s price crash in May and June this year, Kiyosaki called out that now is the time to buy Bitcoin with the crash to be an opportunity to become rich.

He further noted that he himself is still waiting for Bitcoin’s prince to drop to $24,000.

Kiyosaki’s remarks are in line with the narrative of Bitcoin’s safe-haven status. Countries which are experiencing economic turmoil are seeing significant Bitcoin adoption among their people as a hedge against inflation fears. First-mover El Salvador has recently passed their Bitcoin Law and thereby making Bitcoin legal tender in the country.

The post Popular “Rich Dad, Poor Dad” author and businessman advises to stock up on Bitcoin for financial security appeared first on iGaming.

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Author: Peter Siu