Robert Kiyosaki, author of the financial classic Rich Dad Poor Dad. Combine Photo / ZUMAPRESS.com | Nancy Kaszerman
Robert Kiyosaki warned of an epic stock market crash that would lose millions of people’s money.
Rich Dad Poor Dad author said the recession is an opportunity to buy cheap assets and make a fortune.
Kiyosaki described the cryptocurrency as a good bet, although she questioned Bitcoin’s value earlier in the year.
Renowned investor and author Robert Kiyosaki (“Rich Dad Poor Dad”) warns of a historic market slump. Additionally, he says this is a rare opportunity to create life-changing zodiac signs.
“Here it comes… the bubble is about to crash,” he wrote in an email to his followers. “This will be the biggest accident of all time” According to Kiyosaki, more money will be transferred “than at any time in history”.
In another email, the author talked about buying opportunities in the coming months. “It’s time for the poor to get rich,” Kiyosaki said. “Stocks, bonds, mutual funds, ETFs and real estate are all crashing as predicted. Millions will perish. But thousands of the poor and middle class will become incredibly rich.”
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“2008 was a good time to get rich”
Kiyosaki recalled that he personally capitalized on the collapse of the housing bubble in the mid-2000s. “2008 was a great time to get rich,” he said. He borrowed “millions of dollars” to “close every real estate deal” he could find.
The financial guru and founder of The Rich Dad Company has been obsessed with gold, silver and bitcoin for a few months. He predicted these assets would fall along with the market. However, he advised investors to take advantage of the lower prices and buy more. He expects strong growth in the future.
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“I don’t think bitcoin has any value”
Kiyosaki believes cryptocurrencies are the asset class with the greatest upside potential. However, it is important to note that as recently as May, investors dismissed Bitcoin as worthless on their radio show. “I trade bitcoin. But I don’t think it has any value. I’m just playing the game,” he said.
In the past 18 months, the author has repeatedly sounded the alarm about a massive bubble on the financial market. In June, he also gave some unusual advice for those looking to protect against inflation. So he recommends stocking up on garbage bags, toilet paper, and canned goods like tuna and baked beans to avoid price hikes.
This text was translated from English by Leo Ginsberg. You can find the original here.