Robert Kiyosaki, who became famous for making a fortune from real estate investments in the ’90s and during the 2008 mortgage crisis, has made new comments on investing. The author of the popular book “Rich Dad, Poor Dad” in the finance category said on Twitter that he was moving away from real estate. Now, he has announced that he chose Bitcoin (BTC) along with precious metals. Here are the details…
Robert Kiyosaki prefers Bitcoin and precious metals
Rich Dad Poor Dad author Robert Kiyosaki said investors should protect their wealth from an impending economic collapse. So he issued a “terrible” warning about the economy. Kiyosaki told his 2.1 million Twitter followers that the only ones investors should buy are Bitcoin and precious metals. The expert says that by buying gold, silver and Bitcoin (BTC), investors can keep their capital intact during an economic collapse. He also advises his followers to create an income stream through their entrepreneurial efforts.
Why I NO LONGER recommed REAL ESTATE. In my 2022 book Capitslist Manifesto, I stated Marxist took over the US in the 2020 election. Marxists will raise property taxes, impose rent controls, as rising interest rates decrease property values. I recommend gold, silver, Bitcoin.
— therealkiyosaki (@theRealKiyosaki) October 15, 2022
Kiyosaki stated that he now prefers the most gold and silver, as well as Bitcoin, instead of real estate. According to the tweet, the reason for this is in his 2020 book, whose title actually includes BTC. Kiyosaki published his book “Capitalist Manifesto: Money for Nothing – Silver, Gold and Bitcoin” two years ago. In this book, as he reminded his Twitter followers, he said that the newly elected US government intends to increase property taxes and implement rent control. For this reason, he explained that since 2020, real estate investment has become much more difficult. He also stated that the frequent interest rate increases this year will decrease the value of the real estate.
The author is bullish on BTC
In an earlier tweet, Kiyosaki stated that Bitcoin is becoming more important than ever as the US economy collapses. He shared that the stock markets are heading in the same direction with pensions and rising unemployment. He added that Bitcoin will not protect one’s income at the moment, but it can protect one’s wealth. Kiyosaki uses the following expressions:
Gold, silver, Bitcoin can protect your wealth… But they cannot protect your INCOME. When the economy crashes, stock markets crash, pensions crash, and unemployment rises, additional work can provide you with income. Who knows? Your side business could turn into the next Amazon or Bitcoin. Be careful. Be aware.
Kiyosaki also talked about one reason why he was so bullish on Bitcoin earlier this month. He said this is because government-backed pension funds are starting to invest in BTC. As we reported on Kriptokoin.com, many companies have added BTC to their pension funds. Kiyosaki used the following statements:
Why should you buy gold, silver, Bitcoin? The Bank of England pivot means buying more GSBCs (gold, silver and Bitcoin). Pensions nearly collapsed, revealing that central banks could not fix inflation… Pension funds have always invested in gold and silver. The funds are now investing in Bitcoin as well.
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