Robert Kiyosaki, the famous author of the book ‘Rich Dad Poor Dad’, said in a new tweet that the world economy could collapse very soon. The legendary investor is buying Bitcoin (BTC), which he expects to reach $500,000 during the crisis.
Robert Kiyosaki sees an impending economic collapse
Robert Kiyosaki, the famous author of the bestselling book ‘Rich Dad Poor Dad’, talked about the fact that we are in a global recession. He warned of rising bankruptcies, unemployment and homelessness, noting that investors seeking “discounts” could soon find ample opportunity.
The popular finance writer said that soon the world will flood the banks and people will prefer to wait rather than invest. Kiyosaki believes that buying silver is a good way out of the current situation and will help the average people to be “prepared for what is to come”.
Please. Please Please. World economy on verge of collapse. Runs on banks next? Savings frozen? Bail-INs next? I make no money when you to buy REAL silver coins. I simply want you prepared for what is coming. You can buy a real silver coin for about $25. Please take care.
— Robert Kiyosaki (@theRealKiyosaki) March 1, 2023
Robert Kiyosaki expects Bitcoin price to reach $500,000 in economic collapse
Kiyosaki recently predicted that Bitcoin could reach $500,000 by 2025. When that happens, it sets price targets of $5,000 and $500 for gold and silver, respectively. He also said that faith in the dollar, which he described as counterfeit money, could run out. He added that Bitcoin is the people’s money and that gold and silver are “God’s money”.
According to the financial expert, the economic collapse will be caused by the dollars that the Fed has printed in the last two years. When the pandemic began in 2020, the US government printed over $6 trillion. It provided funds to banks and large businesses and distributed “survival checks” to support the public during a difficult time.
On January 14, Kiyosaki tweeted that the prices of Bitcoin, gold, silver and oil were rising, noting: “Good news for those who know that inflation is permanent… it is no longer systemic… it is temporary. Bad news for the ignorant, poor, middle class…”
Robert Kiyosaki relies on these assets in times of crisis
Kiyosaki says he believes in the lasting value of Bitcoin (BTC), along with the precious metals gold and silver. In a recent interview, he noted that Bitcoin’s value is sustainable over time:
When I saw Bitcoin go up to $20,000, I don’t know when but then it fell… But then it came back quickly. So when it reached $6,000, I bought 60 Bitcoins. I think it’s at $20,000 today… so the more I’m into it, the more I realize it’s sustainable. So the reason people buy Bitcoin is the same reason I bought it [silver]. I also buy gold. I don’t trust dollar bills.
We, as Kriptokoin.com, report that Robert Kiyosaki has been warning about the upcoming collapse for a while. Kiyosaki says that he will buy gold, silver and Bitcoin in the gloomy environment he expects.
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