‘Rich Dad Poor Dad’ author Robert Kiyosaki has again made a case for the two largest cryptos by market cap, Bitcoin and Ethereum. This time, he recommended both cryptos as a way to get rich, even as the world collapses and the poverty rate rises.
Robert Kiyosaki Advises Investors To Buy Bitcoin And Ethereum To Get Rich
In an X post, the renowned author told market participants to buy Bitcoin and Ethereum alongside gold and silver. He recommended these assets as a way to get rich while the world collapses.
Robert Kiyosaki also noted that the Japan ‘Carry Trade’ had ended but warned that investors that the bubble markets were about to inflate. This again suggests that the author anticipates a global financial crisis that could shake markets.
As such, he believes it is best to buy Bitcoin and Ethereum to hedge against such a financial crisis. The renowned author declared that these crypto assets can ensure that investors get richer while the world gets poorer.
Robert Kiyosaki’s latest statement comes just a week after he announced selling $2.25 million worth of Bitcoin to fund new business ventures. However, he stated that he is still bullish on the flagship crypto and plans to use income from his new business ventures to accumulate more BTC.
“Biggest Crash In History” Is Starting
In another X post, Robert Kiyosaki stated that the biggest crash in history is underway and that it isn’t limited to the U.S., Europe, or Asia. The author further remarked that AI will wipe out jobs, which will consequently crash office and residential real estate.
As such, he reiterated that investors should buy more Bitcoin, Ethereum, gold, and silver. Kiyosaki added that the good news is that such a crash could make those who are prepared richer even while millions of people lose everything.
Notably, the author’s comments come amid a crash in the BTC and ETH prices as part of a broader crypto market decline. Bitcoin crashed to as low as $81,000 last week, while Ethereum is also trading below the psychological $3,000 level.
Interestingly, BTC is the only macro asset that is lagging at the moment, with gold, silver, and the stock market still rallying. This has raised concerns that the flagship crypto and the broader crypto market may already be in a bear market.
Source: https://coingape.com/robert-kiyosaki-recommends-bitcoin-and-ethereum-as-hedge-against-potential-global-crisis/
