Renowned author and investor Robert Kiyosaki, known for his book 'Rich Dad Poor Dad,' has recently shared his insights on the ongoing market crash and provided survival rules for investors. Kiyosaki warns of potential financial troubles ahead and advises investors to turn to gold, silver, and Bitcoin. He points out that the stock market has historically yielded reliable returns, particularly the S&P 500. However, he believes that the recent sell-off in bank credit could be the start of the biggest crash in history.
Kiyosaki suggests getting cash out of banks and investing in alternative assets like gold, silver, and Bitcoin. He highlights the significant increase in the value of gold and silver over the past 53 years, as well as the volatile but substantial increase in the value of Bitcoin over the past 15 years. Despite skepticism, Kiyosaki believes that Bitcoin is here to stay and could be a smart investment.
In a recent interview, Kiyosaki advised people to prepare for a depression, stating that he has been able to see this crisis coming for years. He attributes the current economic situation to excessive debt and the actions of central banks. To protect against the devaluation of fiat currencies, Kiyosaki recommends investing in assets such as gold, silver, and Bitcoin. He also suggests acquiring financial education and developing multiple streams of income to weather the economic downturn.
Kiyosaki's insights serve as a valuable guide for those seeking to protect and grow their wealth during turbulent times. It is important to note that while Kiyosaki has made accurate predictions in the past, it is crucial to conduct thorough research and consult with financial professionals before making any investment decisions.
According to an article by Bitcoin.com News, Kiyosaki expresses frustration with excuses to avoid buying Bitcoin and foresees a significant price rise. He believes that Bitcoin is a hedge against the government's monetary policies and sees it eventually replacing the US dollar as the global reserve currency. Kiyosaki criticizes the traditional education system for not teaching people about money and encourages individuals to educate themselves about financial literacy. Kiyosaki's views on Bitcoin align with his overall philosophy of using assets to generate passive income and achieve financial freedom.
Kiyosaki's advice to buy Bitcoin before the price explodes and his warning of a crash in the bond market due to governments printing money are important considerations for investors. His emphasis on financial education and the potential of Bitcoin as a hedge against inflation provide valuable insights for those looking to navigate the current economic landscape.