According to Robert Kiyosaki, best-selling author of the Rich Dad Poor Dad series, the S&P 500 has lost 18 percent of its value over the years and will only get worse. Kiyosaki recommends that investors hedge their portfolios with ‘fixed assets’ such as gold, silver and livestock as ‘the biggest collapse in history’ unfolds. He also says he will back up the truck if Bitcoin (BTC) drops to $1,000.
“My answer is always to buy more gold and silver”
“I don’t want anything that can be printed like stocks, bonds, or dollars,” says Robert Kiyosaki. He records that he is a hardcore gold, silver, oil and food lover. In line with this, he explains, “I am a hardcore presence person”. He also suggests that these assets are ‘insurance’ rather than an investment. The famous investment expert makes the following statement:
My answer is always to buy more gold and silver. This is not an investment… I buy gold and silver for a reason. Because if the collapse comes, I can spend it all over the world.
“I will back up the truck if Bitcoin drops to $1,000”
However, Kiyosaki says that he is generally very optimistic about Blockchain technology. In this context, he notes that if the leading digital asset sees another major collapse, it will be charged to it. For this, Kiyosaki uses the following expressions:
I am very optimistic about blockchain and I am bullish. So if Bitcoin drops to $1,000, I back up the truck. But if it goes up to $25,000 I won’t buy it anymore.
RICH Dad lesson. “LOSERS quit when they lose.” Bitcoin losers are quitting some committing suicide.’WINNERs learn from their losses. I am waiting for Bitcoin to “test” $1100. If it recovers I will buy more. If it does not I will wait for losers to “capiulate” quit then buy more.
— therealkiyosaki (@theRealKiyosaki) June 28, 2022
As you follow on Kriptokoin.com, Robert Kiyosaki hinted a few months ago that he expects a dramatic drop in Bitcoin price, potentially to $1,100.
“You earn when you buy, not when you sell”
Meanwhile, Kyosaki says buying with extreme pain is her favorite strategy. To do this, he says, various opportunities are likely to emerge, not only in Bitcoin (BTC), but also in gold and real estate. In this context, Kiyosaki states the following:
You earn when you buy, not when you sell. All these sixths say ‘yes, the price of gold has not risen’. I said ‘what are you waiting for?’ I say. I remember in the 2000s gold was $300. You can expect it to hit $3,000 or $30,000 before buying. Stupid people do that. They buy at the top of the market. They’re all jumping like idiots. As with real estate, I await the next crash. Real estate is crashing right now and I’m super excited about it. Everything is discounted… I don’t want to pay individually. I want to make a wholesale payment. This is co-capitalism.
The leading crypto Bitcoin was trading at $19,894, down 1.88% on a daily basis at press time. Thus, BTC fell below the 20 thousand psychological level again.
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