- “Bail yourself out with Bitcoin” â Kiyosaki
- No Bitcoin ETFs, Kiyosaki warns, just Bitcoin
Robert Kiyosaki, investor, advocate of financial education, also known as the author of “Rich Dad Poor Dad” and other “Rich Dad” books, has issued a statement, urging his X followers to start paying attention to the current economic situation in the US and to the world’s leading cryptocurrency, Bitcoin, in connection with it.
Kiyosaki warned his followers on social media against investing in Bitcoin ETFs, urging them just to buy and hold Bitcoin directly. He claims that the tremendous market crash, which he predicted 13 years ago, has already begun.
“Bail yourself out with Bitcoin” – Kiyosaki
Kiyosaki pointed out that since the financial crisis of 2008 caused by the mortgage market crisis, heavy liquidity injections have been made regularly by Central Banks to bail out Wall Street. In 2023, several large banks were also supported by them as they went bankrupt, including Silvergate Bank and a few others.
However, Kiyosaki assumes that a time will definitely come when someone will have to “bail out the Central Banks” too. The financial expert believes that each of these crises began after president Nixon took the US dollar off the gold standard back in 1971. “each crisis gets bigger because they never solve the problem,” he tweeted. The next financial crisis, the “Rich Dad Poor Dad” says, is going to be triggered by “the collapse of $1.6 trillion in student loan debt.”
In his tweet, Kiyosaki says that there is a way to protect oneself against the coming crisis. That is to bail oneself and one’s family using not “fake fiat money,” but by saving “real gold, silver, and Bitcoin.”
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No Bitcoin ETFs, Kiyosaki warns, just Bitcoin
Kiyosaki quoted his books that came after he published “Rich Dad Poor Dad” and all of them had a red line going through them, saying “The rich don’t work for money” and “Savers are losers.”
He believes that only real gold, silver, and Bitcoin can help survive during crises but is strongly against ETFs based on Bitcoin and gold. This is not the first time Kiyosaki has mentioned this thesis. He believes these assets to be also “fake” ones.
Over the weekend, Kiyosaki tweeted that he was buying more Bitcoin, urging his audience on X to follow his example.