Amid repeated predictions of an impending financial crisis, the author of the best-selling personal finance book ‘Rich Dad Poor Dad,’ has warned his followers about the dangers of hyperinflation, urging them to buy assets like Bitcoin (BTC), gold, and silver.
Specifically, Robert Kiyosaki stressed that hyperinflation is not what many people think it is – prices going up – but that it actually “means the opposite” – the decline of the purchasing power of money, as he explained in an X post he shared on September 30.
With this in mind, he has recommended to his followers to focus on buying as much gold, silver, and Bitcoin as possible “and be a winner, not a loser.” Indeed, Kiyosaki has long expressed his belief in investing in the above assets as a way to protect oneself in the upcoming crash.
Notably, his viewpoint refers particularly to the United States, where he has predicted the downfall of the US dollar as the sign of an upcoming “end of the American Empire,” as an increasing number of nations begin to reject the US fiat money as the reserve currency.
More recently, the finance educator pointed out that the Federal Deposit Insurance Corporation (FDIC) had “over 725 US banks on a death watch list,” which meant that “America does not need enemies” when it has “criminal bankers” like Federal Reserve Chair Jerome Powell, Treasury Secretary Janet Yellen, and JP Morgan Chase (NYSE: JPM) CEO Jamie Dimon.
Meanwhile, Kiyosaki’s favorite cryptocurrency, Bitcoin, was at press time changing hands at the price of $28,454, recording a 4.86% gain in the last 24 hours, increasing 8.68% across the previous seven days, and growing 10.31% over the past month, according to the latest data on October 2.
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