Kiyosaki advised exchanging “fake assets” for bitcoins.
The famous investor and writer Robert Kiyosaki advised exchanging fake assets for bitcoins so as not to lose your savings. Kiyosaki reported on the recent bankruptcy of a “giant Chinese bank” associated with real estate. Apparently, we are talking about Country Garden Holdings or China Vanke, which reported financial difficulties. According to Robert, problems have also arisen in the United States, where a collapse in the commercial real estate market is gaining momentum, which could cause a fall in the value of shares of real estate investment funds.
Baby boomers [people aged 60 to 78] are going broke as paper assets depreciate. Regardless of your age, it’s time to get rid of fake assets, including fiat currency, dollars, and buy real gold, silver and real bitcoins. “I don’t believe anything that can be printed,” said Kiyosaki.
The financier has long been criticizing fiat currencies and calling them counterfeit money. He calls precious metals divine money, and bitcoins - people's money. Kiyosaki highly assesses the potential of BTC and believes that by September 2024 the cryptocurrency will rise to $100,000, and by the end of the year - to $300,000. In his opinion, the figure new assets will save people from the consequences of the banking crisis and problems in the real estate market. Robert's skeptical position towards real estate investment funds can be justified by statistics. Over the past year, the share price of two similar American derivatives Vornado Realty Trust (VNO) and Uniti Group Inc (UNIT) increased by 97% and 86%, respectively, but over five years they fell by 10 % and 4% respectively.
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