Robert Kiyosaki urged to buy cryptocurrencies before the crisis
The world economy is waiting for the “greatest collapse in history,” and cryptocurrencies are the best protection from the crisis. This was stated by Robert Kiyosaki, the author of the bestseller “Rich Dad, Poor Dad” and entrepreneur, writes Business Insider.
In a mailing to subscribers of Rich Dad Community, he stressed that a bear market is the best moment for investors.
“Now is the time to invest in cryptocurrencies before the biggest economic crash in history,” said Kiyosaki.
According to the economist, the U.S. dollar will lose its position on the world stage. This, in turn, will lead to the mass adoption of digital assets.
In his Twitter, Kiyosaki also drew attention to investments in silver, noting that other assets are “collapsing”.
Earlier, a trader under the pseudonym filbfilb allowed bitcoin to fall from current levels to $10,000-$11,000. According to the expert, the first cryptocurrency has become highly correlated with the Nasdaq, which is under tremendous pressure because of the Fed’s policies.
On September 13, bitcoin rolled back from levels above $22,000 after the release of the U.S. Consumer Price Index. According to the macroeconomic release, annual growth of the index slowed from 8.5% to 8.3% in August. The data bolstered the Fed’s aggressive policy scenario.
Late last month, former Cramer & Co. hedge fund manager and host of CNBC’s Mad Money show Jim Cramer said that speculative instruments like digital assets would be “flushed out” due to tighter monetary policy.
