Wealthy Dad Poor Dad creator Robert Kiyosaki says he’s racing to purchase Bitcoin, Ethereum, and valuable metals because the financial system weakens.
In a brand new Wealthy Dad Radio Present podcast episode, the best-selling creator and entrepreneur says that whereas he doesn’t want to argue over which retailer of worth asset is superior, he’s at present scrambling to personal as a lot BTC, ETH and gold as he can.
“So I’m simply grateful I’ve loads of gold, silver, Bitcoin and Ethereum and I don’t get into the argument. Peter Schiff is all the time arguing about gold and silver and Max Keiser’s arguing again, and I feel, ‘Why the heck are you guys arguing?’ Simply get as a lot as you may proper now as a result of the federal government is screwed. We’re screwed. Our entire financial system is screwed. We’re so deeply in debt, it’s like sinking into quicksand proper and also you’re arguing about gold, silver, Bitcoin. Simply purchase one thing.”
Final yr, Kiyosaki predicted Bitcoin would break the $50,000 degree in 2021. He mentioned that this guess wasn’t essentially primarily based on the energy of Bitcoin, however within the weak point of the US financial system and authorities.
“I’m not judging Bitcoin. I’m judging the stupidity of our authorities. Being an actual property man after I take a look at how a lot debt goes to default, the query is, when all these workplace buildings round San Francisco can’t pay their lease, who’s going to bail them out? That’s why I put my $50,000 guess. It was a guess in opposition to the financial system. It wasn’t a guess on Bitcoin. And I’m betting [the Federal Reserve] goes to print [more money] and in the event that they don’t print we’re screwed anyway.
The query is the place do you place your cash? I began off years in the past saying, ‘Money is trash,’ and it’s changing into trash. The extra synthetic intelligence and expertise make issues extra environment friendly costs ought to hold coming down however the Fed retains pumping it up… Lesson primary in Wealthy Dad Poor Dad is the wealthy don’t work for cash, as a result of the second you do that you just’re screwed. It’s coming true proper now and it actually deeply considerations me.”
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