As Bitcoin $90,218 reaches new heights in financial markets, Robert Kiyosaki, author of “Rich Dad Poor Dad,” issues a notable warning. Kiyosaki predicts an impending major banking crisis and suggests avoiding government-controlled currencies while investing in assets such as gold, silver, and Bitcoin. According to him, these investments are the key to financial freedom.
Kiyosaki: The Banking Crisis Has Begun
The 73-year-old financial advisor claimed on social media on November 10 that the anticipated banking crisis has already begun. This view, supported by financial experts Jim Rickards, Jim Rogers, and Ray Dalio, has prompted many investors to take action. Kiyosaki also provided recommendations on how to leverage opportunities instead of panicking during the crisis.
Kiyosaki noted, “Crises are times when the rich become richer,” recalling how the 2008 Global Financial Crisis brought him significant gains. He mentioned purchasing the best real estate available worldwide during that period.
Kiyosaki believes this crisis may not be the first major blow to the financial sector, but it has the potential to be the largest collapse. He anticipates that banks, cryptocurrencies, bonds, and stocks will all be affected. Nevertheless, he asserts that it is possible to turn this situation into an opportunity, suggesting that crises can offer chances for wealth accumulation if the right investments are made.
Investing in Real Assets May Solve Crisis Challenges
To safeguard against the crisis, Kiyosaki advises investing in silver. He points out that silver has lost 50% of its peak value and is currently trading around $30, predicting that its value could double or triple after the crisis. He also advocates for Bitcoin investment as a long-term profit strategy, emphasizing that such opportunities can be leveraged for gain rather than loss during crisis periods.
Kiyosaki revealed his plans to increase his Bitcoin portfolio and urged his followers not to miss this opportunity. His call to those looking to profit from the crisis has resonated within financial circles.
Kiyosaki’s warnings about the banking crisis have garnered significant attention in financial markets. His statements reiterate the importance of making informed investments during crisis periods. Investors can heed Kiyosaki’s advice and manage risks carefully, turning this situation into a favorable opportunity.