For Kiyosaki, the collapse of crypto markets is good news

He is often heard talking about personal finance and his valuable book “Rich Dad, Poor Dad” has sold millions and remains in the top 10 best selling and best selling personal finance books to date. . He is also known for his position on several economic and political economic issues (public debt, taxes, money and banks). On Thursday, May 12, Robert Kiyosaki shared, his final thoughts on bitcoin. For him, what’s happening with bitcoin and cryptocurrencies in general is just good news.

On several occasions in the current COVID-19 pandemic, Kiyosaki criticized the Federal Reserve’s response to the resulting economic collapse and strongly urged his many followers on social media platforms to protect themselves from what he believes is inevitable high inflation (and possibly hyperinflation) in the future by using their fiat currency holdings to buy silver, gold, and bitcoin.

An always good opinion on bitcoin

If his most trusted investment is real estate, Robert Kiyosaki, who is sometimes extreme of outspokenness as we know it, hasn’t failed to say all the good things he thinks about bitcoin and cryptocurrencies. True, don’t expect him to have the brave cryptocurrency preacher, but at least he doesn’t literally hate bitcoin like Warren Buffett. For example, episode 263 of Anthony Pompliano’s “Pomp Podcast,” released on April 7, 2021, contains an interview with Kiyosaki. In this interview, Pompliano asked Kiyosaki what he thinks of “traditional inflation hedge” assets. Kiyosaki replied, “Thegold and silver make up God’s money. Bitcoin is the open source currency of the people ”.

Regarding the current crisis, Robert Kiyosaki warned in a tweet on April 25 that markets were potentially heading for the biggest economic depression in history. His thread reads: Everything that bubbles always ends up in an explosion. Is this the beginning of the biggest depression ever known? I’m worried. A world of debt and war run by false leaders. […] »

The time has come to invest in bitcoin

Others tweeton May 12, Kiyosaki explained why crashing is good for getting rich: “ BITCOIN DOWN. Good news. As stated in previous Tweets, I hope so bitcoin fell to 20k. Then I’ll wait for the bottom test which could be $ 17k. When I found out the bottom had been hit I had to rebuild the truck. Crashes are the best time to get rich. Take care of yourself. »

The next day, he reaffirmed his position in another tweet: Why Crashes Are Good: A wealthy father taught his son and me “Your income is profitable when you buy… Not when you sell. Bitcoin is the future of money. That’s why I’ll return the truck when it reaches the bottom. It can be $ 17k even if it is reduced by $ 11k. The time has come to get rich. Take care of yourself. »

Long before his tweets of 12 and 13, Rich Dad author, Poor Dad published on May 11 a first tweetdeliberately sarcastic and even tainted with invective: ” Q: Why does BITCOIN win? A: BITCOIN will win because America is ruled by 3 idiots. […] I trust BITCOIN, not 3 Idiots. »

Since we’ve already quoted many tweets in this article, let’s end with one comment posted under a tweet by Robert Kiyosaki on May 11: This man knows how to make money so trust him. »

Source: CryptoGlobe

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