Bitcoin, gold, and luxury brands have just received the endorsement of Robert Kiyosaki, author of the personal finance book “Rich Dad Poor Dad.”
In a bold move that could change the way people invest their money, financial gurus are urging investors to act quickly and pour their hard-earned money into these products.
And the reason behind his unyielding endorsement? It is nothing less than eye-opening and can shake up the traditional investment strategy as we know it.
Buy Bitcoin Before It Gets Expensive, Kiyosaki Says
At tweet on March 29, the famous author urged his followers to invest in assets such as Bitcoin (BTC), luxury brands, and precious metals like gold before they cost an arm and a leg due to “systemic inflation.”
Kiyosaki also warned that rising interest rates could threaten the future of capitalism.
SHOP til DROP. Retail prices are down. Rising interest rates kill capitalism. A rich brand that sells. Buy before systemic inflation is under control. Systemic inflation is not transitory. Buy Prada, Panerai, Polo, gold, silver, BC before brands become expensive. F’ poverty.
– Robert Kiyosaki (@theRealKiyosaki) March 29, 2023
Photo: Getty Images
With systemic inflation threatening to make everything more expensive, from groceries to real estate, investing in assets that will hold their value is important. And Kiyosaki believes that bitcoin and gold are some of the assets that can not only withstand inflation but also appreciate in value over time.
In a separate tweet, Kiyosaki made it clear that the advice was not meant for people with “poor or middle-class minds.” As someone who has long advocated preparedness in the face of a potential global economic crisis, the author wants his message to reach those who can invest in assets that can weather the financial storm.
Federal Reserve Chair Jerome Powell. Image: Alex Brandon/The Associated Press
Kiyosaki Leaves The Federal Reserve
According to Kiyosaki, the US is ready to print more money to save failing banks, leading to higher inflation.
Before his latest warning, Kiyosaki had previously accused Jerome Powell, the chairman of the Federal Reserve, of lying about the state of inflation. The author believes that inflation will continue to rise, and the new banking crisis will only worsen the situation.
BTC total market cap currently at $553 billion on the daily chart at TradingView.com
Two Major Banks have collided. #3 is set to go. Buy real gold and silver coins now. There are no ETFs. When Bank #3 went up rocket gold & silver. 2008 I predicted the collapse of Lehman the day before the crash on CNN. If you want proof go to RICH DAD .com. Will be on Neil Cavuto on FOX on Friday.
– Robert Kiyosaki (@theRealKiyosaki) March 10, 2023
Interestingly, Kiyosaki before making a cryptic tweet about the coming banking crisis, suggesting that the “third major banks” are on the brink of collapse. While he did not name the bank, his prediction came true when Signature Bank was declared bankrupt days after his tweet.
Kiyosaki’s warning about inflation and the banking system has sparked a heated debate among bitcoin and financial experts and enthusiasts.
While some see these predictions as alarmist and exaggerated, others agree that the global economy is in a precarious position and investors need to start thinking outside the box and put their money where it should be.
-Images shown are from Medium