The author of the best-selling personal finance book Rich Dad Poor Dad, Robert Kiyosaki, warns of the bleak economic outlook ahead.
Kiyosaki recount to his 2.4 million Twitter followers that the economy will eventually come crashing down.
According to Mr. Kiyosaki, the assets to own to hedge against the bleak economic future he predicted are bitcoin (BTC) and the two most well-known precious metals.
“Soft landing? A hard landing? Or crash landing? I say it’s a crash landing. I hope I’m wrong, but that’s what I believe. Corruption is high and leaders are corrupt. Buy gold, silver, bitcoins. It is always the best insurance against corruption and incompetence”.
Earlier this month, the author of Rich Dad Poor Dad warned that rising US Treasury yields were a sign of an impending recession and that bitcoin, like gold and silver, was the better coverage. At the time, Mr. Kiyosaki also sounded the alarm about the global banking system, wondering if it was collapsing.
Long-time Bitcoin supporter Kiyosaki predicted in April that the flagship crypto asset would hit $100,000. According to the author, bitcoin will become an attractive investment due to concerns about the devaluation of the US dollar and the health of the banking sector.
Bitcoin is trading at $26,820 as of this writing.
Writer for the news site Essonneinfo. Hélène specializes in writing and journalism, she likes to share interesting information and news with readers. Apart from her journalistic activities, Hélène is passionate about arts and culture, she likes allis au museh, godcorvrir of norvelles expositions et assister To of the concerts.
2023-05-20 10:18:30
#author #Rich #Dad #Poor #Dad #predicts #hard #landing #claims #bitcoin #precious #metals #insurance
