Rich Dad Author Recommends Bunkering Down With Food, Guns, And Bitcoin

    Author Robert Kiyosaki posted a disastrous prediction through his Twitter account and warned followers about shopping for Bitcoin. This may very well be one of many few methods to guard themselves towards a possible upcoming world calamity.

    Related Reading | Bitcoin And Retirement: U.S. House Bill To Include Crypto On 401(K) Plans

    Renown for writing the personal-finance best-selling title “Rich Dad Poor Dad”, Kiyosaki believes the world is getting into an period of turmoil. He said:

    DAVOS, Switzerland IMF warns world faces biggest monetary challenges since WWII. Global catastrophe has been coming for years.   Desperate leaders will do determined issues. Workd War coming? God have mercy on us. Save gold, silver, Bitcoin, meals, weapons, and bullets.

    Kiyosaki has been a Bitcoin bull for a few years. The creator has beneficial his viewers to purchase the cryptocurrency together with Gold, Silver, and different valuable metals on a number of events.

    These property may also help the typical buyers to hedge towards the “death of the U.S. dollars”. This looks as if the ultimate scene within the present macro-economic scenario, in response to Kiyosaki’s perspective.

    Back in 2020, at first of the COVID-19 pandemic, the creator made two crucial statements concerning Bitcoin. At that point, the cryptocurrency was nonetheless buying and selling under its 2017 excessive under $20,000 and remained rangebound, as it’s proper now till a rally pushed into value discovery.

    Kiyosaki denounced the so-called involvement of the U.S. Federal Reserve (FED) in creating debt, which led to the worth of Bitcoin rallying. The creator claimed the FED is lifeless because it allegedly “loaned” cash to huge firms that “cannot be paid back”.

    During the pandemic, the FED and different central banks around the globe elevated their cash provide in an try to stop a significant hit to the worldwide financial system. As a consequence, the world faces a rise in world inflation.

    Don’t Look At The Price Of Bitcoin

    This looks as if the start of Kiyosaki’s prediction for the U.S. greenback and the present monetary system. When the worth of Bitcoin rallied, he wrote through Twitter:

    Bitcoin increase beating gold and silver. What does that imply? It means you higher purchase as a lot as now you can. Train is shifting.  Dollar dying. Silver nonetheless reasonably priced for everybody.  As greenback crashes what counts is just not value however what number of cash of gold, silver, or Bitcoin you personal.

    In this narrative created by Kiyosaki, the U.S. FED and the U.S. authorities are the villains. On the opposite hand, Bitcoin appears to be the savior in a story that appears to be headed to disaster.

    Some customers replied to the creator by stating that his prediction was exaggerated. Most agree the present monetary system faces a disaster, however they don’t ponder an apocalyptic final result the place bunkers and bullets are wanted.

    Related Reading | El Salvador Doubles Down, Buys 500 BTC Amid Dip

    At the time of writing, BTC’s value stands at $30,300 with sideways motion within the final 24-hours.

    Bitcoin BTC BTCUSD
    BTC shifting sideways on the 4-hour chart. Source: BTCUSD Tradingview

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