“Rich Dad Poor Father” author Robert Kyosaki issued another warning against investment in exchange-traded funds (ETFs) for bitcoins and precious metals.
He urged direct ownership that he was described as a corrupt banking system.
In an X post recently, Kyosaki advised against gold, silver, or bitcoin (BTC) ETF, labeling them “money of bankers”. He highlighted the difference between predictions of financial system failure between traditional financial instruments and direct asset ownership.
“Bitcoin is a scam?” It can be possible…. But not a major scam in the form of US dollar and American banking system…. Started with Fed, ”Kiyosaki said. He portrayed central bankers as a “banker”, who receive government bailout after losing billions, arguing that they should “go to jail” instead.
Kiyosaki says that bitcoin is on sale
The author’s comment comes during the period of instability of bitcoin value. On February 27, Cryptocurrency prices fall, Kiyosaki seen The recession as an opportunity, “declaration of bitcoin crash. Bitcoin is on sale. I am buying.” He attributed the underlying issues not to bitcoin but for the US monetary system and banking sector.
Kiyosaki talked about the US financial situation, claiming that the country faced bankruptcy with more than $ 230 trillion in joint debt, when social programs and official $ 36 trillion were incorporated beyond liabilities. He predicted that when major holders such as Japan and China stopped buying American bonds, “inflation would go through the roof, potentially causes economic collapse and dollar devaluation.
The financial writer has consistently advocated tangible property during economic uncertainty. In a separate tweet focusing on silver, Kiyosaki suggested that the metal is deployed for remarkable increase. He has predicted an increase of about $ 70 from $ $ 70 within a year within a year after breaking through $ 3,000 once.
His approach to asset prices shows his views on inflation and currency devaluation: “The price of gold, silver and bitcoin is not going up. Inflation is bringing purchasing power … The value of their fake money below. ,
