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Author of “Rich Dad, Poor Dad” warns and says: buy Bitcoin
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Robert Kiyosaki, author of the famous book “Rich Dad, Poor Dad”, spoke out on Tuesday, 10, about what he considers to be “the biggest economic collapse in history”. In a statement on social media, Kiyosaki emphasized that baby boomers (the generation born between 1946 and 1964) will be most affected if they do not take quick action. He further advised, before the bubble bursts, let their children convince them to invest in gold, silver and Bitcoin.
While the market awaits the publication of US inflation data, Kiyosaki went to X to demonstrate his concern about the future of the country’s investment market. Kiyosaki, who became famous after the publication of the best seller “Rich Dad, Poor Dad”joins the voices of Peter Schiff, Jim Rogers, David Stockman, Nouriel Roubini, Ray Dalio and Catherine Wood. They share the view that the American financial system is on the verge of collapse due to expanding public debt and expansionary monetary policy.
Known for his controversial opinions, Kiyosaki made a point of stating that the old age of the generation born in the middle of the last century will cause a collapse in the housing, stock and bond markets. As a result, all the achievements that boomers have achieved over the last few decades will be lost.
With more than 2.6 million followers, many of them young, Kiyosaki advised his followers who were children of boomers to help their parents reevaluate their investment portfolios. “If I were a baby boomer, I would convince my parents to sell their houses, stocks and bonds and buy gold, silver and bitcoin,” he advised.
What Robert said
The author also expressed distrust towards traditional assets. He argued that the aging of the baby boomer generation, which began in 2020, will change market dynamics, leading to disruptions in the housing, stock and bond markets.
Robert also criticized the monetary policy of the US Federal Reserve, claiming that excessive debt created abnormal economic conditions, where “everything is a bubble”. He urged the investors to prepare for a market crash, emphasizing the importance of investing in “real assets” such as gold, silver and Bitcoinwhich, according to him, could offer greater security in times of crisis. The investor and entrepreneur concluded:
Author of “Rich Dad, Poor Dad” warns and says: buy Bitcoin
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Author of “Rich Dad, Poor Dad” warns and says: buy Bitcoin
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Author of “Rich Dad, Poor Dad” warns and says: buy Bitcoin
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Author of “Rich Dad, Poor Dad” warns and says: buy Bitcoin
