The author’s recent controversial history with crypto continues, this time he said he will continue to buy.
Robert Kiyosaki, an investor, financial guru and well-known author, in his latest post on X called for another financial crash, indicating that private equity funds have panicked and investors are withdrawing funds.
He described his strategy during such a turbulent period and doubled down on the assets he wants to continue buying.
It is getting intense
After correctly predicting the major banking crisis of 2008, the New York best-selling author frequently predicted even more painful crashes. In his latest warning on the matter, he noted that “the collapse is accelerating” due to several factors:
“Private credit funds are panicking as investors withdraw their money. Big name banks and brand name financial institutions are in trouble. Jim Rickards officially declares the US in a new Depression.”
These developments can only get worse if the situation in the Middle East continues for weeks or even months. So he asked his more than a million followers on X, “What do you want to do?”
His strategy is very promising because he plans to “get rich” and refuses to become a “victim who gets poorer”. In addition, he plans to collect financial assets to help him achieve his goal – oil, silver, gold, Bitcoin and Ethereum.
He added that smart money gets richer and stupid money works like “the proverbial chicken with its head cut off”. Kiyosaki concluded that now was not the time to be a “headless chicken.”
Recent Bitcoin History
After bashing the crypto industry for several years, Kiyosaki changed his tune during the fallout from COVID-19 and became a vocal advocate, especially for BTC and ETH until recently. However, his latest statement on the matter has caused some controversy, particularly the lack of consistency in his claim to have stopped buying bitcoin.
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In one post, he noted that he did not buy any BTC for more than $6,000. However, in many others, he showed on social media that he bought more bitcoins when the asset was trading well in the five or even six-figure range.
However, he has stated several times that he believes that bitcoin is a better instrument than gold.
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