American businessman and writer Robert Kiyosaki warned that the world economy is now on the verge of hyperinflation and advised “stay away” from the stock market.
Bestselling author of Rich Dad Poor Dad Robert Kiyosaki done several pessimistic forecasts about the future of the economy and cryptocurrencies. In addition, he stated that “we are in the biggest bubble in history”, referring to bubbles in stocks, real estate and commodities.
Previously, Kiyosaki was optimistic about the cryptocurrency. He often recommended buying gold, silver and bitcoin as insurance against inflation. However, he now expects the US government to confiscate all cryptocurrencies.
He explained that after U.S. President Joe Biden signed an executive order regulating cryptocurrencies, the next step would be to launch a “Fed Cryptocurrency.” After that, all cryptocurrencies will be confiscated and transferred to the state cryptocurrency. Goodbye bitcoin wrote is he.
Kiyosaki asked his Twitter followers if they had a plan B. In his opinion, plan B is to be an entrepreneur, that is, stay away from the stock market and create your own assets.
Businessman declaredthat has already bought 2,500 US Silver Eagles as gold has already risen in price and bitcoin is still too expensive. Kiyosaki noted that silver is an industrial metal, it is liquid and can be sold without government control.
Previously, the writer often blamed US President Joe Biden, his administration and the US Federal Reserve for allowing high inflation and “destroying” the dollar. In January, Kiyosaki said he would invest in bitcoin again if it returned to the $20,000 mark.
Source: Bits
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