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    Home » Crypto News » Rich Dad Poor Dad Author: In These Times, This Is Why You Want To Accumulate Gold Or Bitcoin

    Rich Dad Poor Dad Author: In These Times, This Is Why You Want To Accumulate Gold Or Bitcoin

    Author: Jordan Lyanchev

    Last Updated Nov 14, 2021 @ 15:54

    According to prominent American businessman and author, Robert Kiyosaki, people should avoid saving cash. Instead, they should focus on accumulating more gold (God’s money) or Bitcoin (people’s money).

    Save Gold and Bitcoin

    Kiyosaki, aside from his business ventures, is best known for his Rich Dad, Poor Dad book. Published in 1997, it became a New York Best Seller instantly and has sold over 32 million copies in more than 100 countries.

    He also predicted the 2008 Financial Crisis and criticized the countermeasures attempted by the U.S. government. More recently, he’s been warning that a new, much worse, recession is coming. As a means to protect themselves, he urged people to avert from saving “fake dollars.” Instead, they should accumulate gold and Bitcoin:

    “SAVE MONEY: RU NUTS? Why save money when QE FED counterfeiting is printing trillions of fake dollars-$82 billion a month to $125 billion a day? Why save when ZIRP, zero-interest policy pays losers zero?

    Save gold – god’s money or Bitcoin – people’s money.” – he Tweeted.

    Kiyosaki referred to the recent stimulus package by the U.S., totaling at $6.2 trillion. In what became the most substantial one in history, the government tried to alleviate pressure off businesses and citizens. In reality, however, such an extensive amount decreased the value of the dollar against other currencies.

    As such, people should be better off if they place their savings into two U.S. defined commodities – the precious metal gold and the first-ever cryptocurrency Bitcoin.

    ADVERTISEMENT

    Bitcoin And Gold Will Outlive USD

    This is not the first time Kiyosaki attacked fiat currencies and the USD in particular. A few years ago, he signaled that the financial world will experience serious alternations by the year 2040.

    He predicted that gold since it has been here “for eternity” will still play an active role. He had a different view on the dollar, however:

    “Will the dollar be here? I don’t think so. The dollar is toast because gold, silver, and cyber currency are going to take it out.

    The U.S. dollar is a scam. I think we are watching the end of the dollar. That’s what I’m saying.”

    He continued by indicating that blockchain will be here in twenty years. Moreover, he admitted that he owns some bitcoins and even Ethereum.

    Interestingly enough, Kiyosaki is not the only one believing that the dollar will collapse. Popular American economist and permanent gold bull, Peter Schiff, recently made the same alarming prediction. He also noted that the only way for the U.S. to bounce off is to bring back the gold standard.

    This article was first published on: Apr 2, 2020

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    Tags: Bitcoin Federal Reserve Gold Robert Kiyosaki
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    About The Author

    Jordan Lyanchev
    More posts by this author

    Jordan got into crypto in 2016 by trading and investing. He began writing about blockchain technology in 2017. He has managed numerous crypto-related projects and is passionate about all things blockchain. Contact Jordan: LinkedIn

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