Robert Kiyosaki, the famous author of the bestselling Rich Dad Poor Dad, made some pessimistic predictions about the economy and the future of cryptocurrencies. Along with the warning that we are in the biggest bubble in world history, Kiyosaki predicted that the government would confiscate all cryptocurrencies. The famous author thinks the solution lies in disinflationary assets like gold and Bitcoin…
Robert Kiyosaki warns about depression and hyperinflation
Robert Kiyosaki has made several dismal predictions and warnings over the past few days. On Tuesday, he asked his 1.8 million followers via a tweet, “Do you have a plan B?” asked. The famous author speaks of bubbles in stocks, real estate, commodities and oil, warning that they are the largest bubbles in world history. Looking ahead, he discusses hyperinflation and depression in his tweet:
We are in the biggest bubble in the history of the world. There are bubbles in stocks, real estate, commodities and oil… Will it come? possible depression with hyperinflation.
Robert Kiyosaki later explained that his plan B was to “become an entrepreneur.” Specifically, he added, “stay off the stock market, create your own assets and use them as debt dollars.” This isn’t the famous author’s first warning about depression. In December last year, he predicted a similar depression would come.
“Joe Biden and the Fed are destroying the dollar”
Kiyosaki frequently makes this emphasis in his Twitter posts. He accuses President Joe Biden, his administration and the Fed of high inflation and destroying the US dollar. Last week, he gave advice to investors on how to profit from inflation and how to invest like a capitalist. You can reach the statements we have transferred as Kriptokoin.com here.
“Run for gold, silver and Bitcoin”
Until Tuesday, Kiyosaki was bullish on Bitcoin. He often suggested buying gold, silver and Bitcoin as a hedge against inflation. But on Tuesday morning he tweeted that he expects the US government to confiscate all cryptocurrencies. After President Biden signed an executive order regulating cryptocurrencies, he announced that the next step would be to launch a “Fed crypto”. He believes that after this, all cryptocurrencies will be taken over and government crypto will dominate.
Many people believe that President Biden’s executive order is positive for the crypto market. thinks it is. On March 9, Bitcoin supporters and experts shared their thoughts on the crypto decree signed by Joe Biden.
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