According to CryptoPotato, Robert Kiyosaki, the author of 'Rich Dad Poor Dad,' has challenged the widely accepted idea that bonds are generally safe investments. In a recent social media post, Kiyosaki referred to the belief that 'bonds are safe' as the 'biggest lie' spread by financial planners to unsuspecting investors. He further cautioned that even AAA-rated bonds are on the brink of collapse, particularly due to the impending crisis in the commercial real estate market. Instead, he recommended Bitcoin as an essential part of a secure investment strategy.
Kiyosaki, a known Bitcoin advocate, argued that financial planners mislead average investors by promoting bonds as secure investments. He predicted that even AAA-rated bonds are at risk, especially in the commercial real estate sector, which he believes is on the verge of a significant downturn. According to the renowned author, this impending crash will result in substantial losses for many, including those considered 'sophisticated' investors.
Kiyosaki compared bonds with what he considers safer assets like gold, silver, and Bitcoin. He suggested these will increase in value and urged investors to rethink where they place their trust and capital. Last month, Kiyosaki referred to financial analyst Harry Dent's grim prediction of an impending 'everything' crash, which he expects will severely affect the Baby Boom Generation as their home values decrease and the S&P 500 drops by 80%. Dent also predicted that Bitcoin would fall back to $200 per coin.
However, Kiyosaki saw this potential downturn as an opportunity and was excited about the prospect of acquiring Bitcoin at such a low price. He believes that those who are prepared and hold these assets will emerge as multi-millionaires or even billionaires. Kiyosaki reiterated his stance that regardless of whether Dent's predictions come true, investing in gold, silver, and Bitcoin will prove profitable in the long term while simultaneously dismissing the dollar as 'fake money.'