Robert Kiyosaki, the author of the best-selling book “Rich Dad, Poor Dad,” explained this week that time is running out as a “huge banking crisis is coming soon.” The best-selling author says now is “not a time to worry about it” and said people will start to consider exploiting precious metals and bitcoin.
The famous book “Rich Dad, Poor Dad” was written by Robert Kiyosaki, and he also provides personal finance education to people interested in learning about real estate, banking, cash flow, and how to start a business. Kiyosaki has been an advocate for cryptocurrencies like bitcoin in the past few years and predicting a global crisis for years now.
In 2018, Kiyosaki called bitcoin “the people’s currency” during an interview with the Sensible Crypto Podcast, and said he expects digital currencies to outlast fiat. Kiyosaki has continued to laud precious metals and bitcoin amid the Covid-19 outbreak and the beleaguered global economy.
The best-selling author tweeted on August 21 about the latest decisions Warren Buffet has taken to invest in gold.
“Why is Buffet from Banks?” said the speaker. “Failed banks. The big crisis in the banking sector is fast coming. [The] Treasury [and] Fed to take over the financial system? “Helicopter fake money” driven by Fed and Treasury to citizens to stop mass rioting?
Not a time to ‘Think about it.’ How much gold, silver, [and] Bitcoin do you have?
A number of the 1.4 million followers of Kiyosaki challenged his claims about bitcoin and suggested some other investments.
One responded to Kiyosaki’s tweet, saying it was “extremely irresponsible not to own any bitcoin.”
“Some say they can’t afford a whole bitcoin-like gold, [but] you can buy a portion of it,” said Stack Satoshi’s Twitter account, referring to the comment from Kiyosaki.
“[One] bitcoin has 100 million called Satoshis units. Start buying Satoshis and you’ll have one Bitcoin whole and several more in no time, “he added. Kiyosaki’s tweet received a lot of comments from his followers and most people didn’t seem to accept his advice.
The author of “Rich Dad, Poor Dad” said similar statements last April when stimulus began to be distributed by the US government. At the time, Kiyosaki said there was imminent “death of the dollar.”
“Dollar’s death,” Kiyosaki told his followers on Twitter at the time. “Many desperate for money. Quite sad. If [the] government gives you free money, then wisely take it out yet. Not save. Purchase Gold, Bitcoin, Silver. Dollars are dying.