The highly successful author of the “Rich Dad Poor Dad” series of personal finance books, Rober Kiyosaki, has recently doubled down on his prediction of what could potentially be “one of the greatest financial crisis in world history.”
Echoing the sentiments of investment banker Jim Rickards in his new work MoneyGPT, Kiyosaki took the microblogging platform X (formerly known as Twitter) to tell his over 2.6 million followers they should move to protect their wealth from the potential storm.
Kiyosaki emphasized the importance of holding physical assets, particularly silver coins and Bitcoin, and argued that in times of crisis, silver can serve as a valuable alternative to fiat currency, while Bitcoin’s decentralized nature offers protection against potential government interventions.
Q: WHY READ? A: TO PREPARE FOR THE FUTURE!As stated in a previous (X)…long time friend Jim Richards sent me an advanced copy of his soon to be released book Money GPT. I encourage everyone order a copy and study it.It’s terrifying.While the rest of the world is…
— Robert Kiyosaki (@theRealKiyosaki) September 25, 2024
His advice came in lieu of saving cash in a bank, with the expert advising that use of silver as cash in times of crisis could see readers “survive and thrive… during what could possibly be….one of the greatest financial crisis in world history.”
Kiyosaki’s advice aligns with his longstanding bullish stance on Bitcoin, which he has previously predicted will reach a staggering $500,000 by 2025 and $1.2 million further down the line.
Kiyosaki is a well-known Bitcoin bull who has back in 2022 suggested that the Bitcoin price crash then was “great news,” as it allowed him to invest in the cryptocurrency at lower prices.
Kiyosaki has bought bitcoin when it was trading at $6,000 and $9,000 according to his tweets, and believes that the “time to get richer is coming” as the price of BTC drops.
The best-selling author has over the last few years been predicting a “giant stock market crash” is coming, while holding on to precious metals and the flagship cryptocurrency. In the past, he has said cryptoassets like BTC would be affected by the crash, with cash being “best for picking up bargains after crash.”
Featured image via Unsplash.
