Robert Kiyosaki Urges Buying Cryptocurrencies Ahead of Crisis

The global economy faces the greatest crash in history, and cryptocurrencies are the best protection against a crisis. This was stated by best-selling author Rich Dad Poor Dad and entrepreneur Robert Kiyosaki, according to Business Insider.

In the Rich Dad Community newsletter he stressed that the bear market is the best moment for investors.

“Now is the time to invest in cryptocurrencies before the biggest economic crash in history”, said Kiyosaki.

In the economist’s view, the U.S. dollar will lose its standing on the world stage. This, in turn, will lead to mass adoption of digital assets.

In his Twitter, Kiyosaki also drew attention to investments in silver, noting that other assets are crashing.

TIME FOR POOR TO GET RICH. Stocks, bonds, mutual funds, ETF & Real Estate crashing. As PREDICTED Middle class being wiped out. Silver moving sidewards. Silver to stay at $20 for 3-5 years, then climb to $100 to $500. Everyone can afford silver even poor. Accumulate silver now.

— therealkiyosaki (@theRealKiyosaki) September 13, 2022

“For the poor, the time to get rich has come. Stocks, bonds, mutual funds, ETFs and real estate are crashing. As predicted, the middle class is being wiped out. Silver is moving sideways. Silver will stay at $20 for 3-5 years, then rise to $100-$500. Everyone can afford silver, even the poor,” wrote the entrepreneur.

Earlier, a trader under the pseudonym filbfilb allowed Bitcoin to fall from current levels to $10,000-$11,000. According to the expert, the leading cryptocurrency has become highly correlated with the Nasdaq, which is under heavy pressure due to the policy of the ФРС.

On September 13, Bitcoin retraced from levels above $22,000 after the release of the U.S. consumer price index. According to the macroeconomic release, the annual CPI growth in August slowed from 8.5% to 8.3%. The data reinforced the scenario of an aggressive Federal Reserve policy.

At the end of last month, former manager of the Cramer & Co. hedge fund and host of Mad Money on CNBC, Jim Cramer, said that, due to tighter monetary policy there will be a washout of speculative instruments such as digital assets.

In 2020, Kiyosaki predicted Bitcoin would reach $75,000 within three years, citing the Federal Reserve’s incompetence as “killing the U.S. economy”. The cryptocurrency came close to the target in November 2021, recording an all-time high of $69,000.

Earlier in May 2022, the economist did not rule out a drop in digital gold to $17,000 and called crises “the best time to get rich”.

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