Kiyosaki Urges Followers to Buy Bitcoin and Precious Metals
Robert Kiyosaki, the author of the best-selling personal finance book ‘Rich Dad Poor Dad,’ has issued a warning about the dangers of hyperinflation. Contrary to popular belief, hyperinflation does not mean rising prices but rather a decline in the purchasing power of money. In light of this, Kiyosaki advises his followers to invest in assets like Bitcoin, gold, and silver to protect themselves.
Kiyosaki’s Concerns About the US
Kiyosaki’s warnings are primarily focused on the United States. He predicts that the downfall of the US dollar will signify the “end of the American Empire.” He highlights the increasing number of nations rejecting the US fiat currency as their reserve currency. Additionally, Kiyosaki points out that over 725 US banks are on a “death watch list” according to the Federal Deposit Insurance Corporation (FDIC). He criticizes figures like Federal Reserve Chair Jerome Powell, Treasury Secretary Janet Yellen, and JP Morgan Chase CEO Jamie Dimon as “criminal bankers.”
Bitcoin’s Performance
Bitcoin, Kiyosaki’s preferred cryptocurrency, is currently trading at $28,454. It has seen a 4.86% gain in the last 24 hours, an 8.68% increase over the past seven days, and a 10.31% growth in the last month.
Hot Take: Protecting Your Wealth in Uncertain Times
In uncertain times marked by predictions of financial crisis and hyperinflation, Robert Kiyosaki advises investors to safeguard their wealth by diversifying into assets like Bitcoin, gold, and silver. He emphasizes that hyperinflation does not simply mean rising prices but a decline in the purchasing power of money. By investing in these alternative assets, you can protect yourself from the potential downfall of the US dollar and the “end of the American Empire.” Stay informed about the changing financial landscape and make strategic decisions to be a winner rather than a loser.
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