‘Rich Dad Poor Dad’ Author Warns of Economic Pain, Says Bitcoin Can Protect Wealth – Bitcoin (BTC/USD)

“Rich Dad, Poor Dad” and personal finance author Robert Kiyosaki says the United States is headed for imminent economic collapse.

He noted in a tweet that in the midst of an economic meltdown, investors can keep their capital intact by stocking up on gold, silver and Bitcoin BTC/USD.

Gold, Silver, Bitcoin can protect your WEALTH… but not your INCOME. As the economy crashes, stock markets crash, pensions plummet and unemployment rises, a SIDE HUSTLE can provide you with income. Who knows,? Your scramble may grow into the next Amazon or Bitcoin. Take care of yourself. To be aware.

— therealkiyosaki (@theRealKiyosaki) October 13, 2022

Kiyosaki advised people to create various sources of income to fight the economic crash.

Hinting at a similar economic situation, Kiyosaki said people don’t look at the big picture financial picture. He noted that silver was a solid investment in October, trading below $20.

“Why millions being wiped out: People can see the microeconomics: food and fuel prices are rising. I can’t see the macroeconomy. The macroeconomy is invisible. Protect yourself from the macro. Buy gold , cash and bitcoin. $20 in cash but are blind,” he said.

Also Read: ‘Rich Dad Poor Dad’ Author Says Bitcoin Revolution Will Be Bigger Than Gunpowder Revolution

Kiyosaki said he was bullish on Bitcoin because state-sponsored pension funds were starting to invest in BTC.

Why Buy Gold, Silver, Bitcoin? The Bank of England pivot means buying more GSBC. When pensions nearly collapsed, it revealed that central banks couldn’t fix… INFLATION. Pensions have always invested in G&S. Pension funds are now investing in Bitcoin. They know that Fake $, stocks and bonds are toast.

— therealkiyosaki (@theRealKiyosaki) October 7, 2022

During an interview in May, Kiyosaki said rising inflation, Social Security deficits and health care funding are the main factors influencing the economy.

He warned that he was going to hit a lot of baby boomers.

Photo: Created with an image by Gage Skidmore via Wikimedia

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