Finance expert Robert Kiyosaki, author of the best-selling book “Rich Dad Poor Dad,” has issued a grim prediction for the US economy. He believes a crash is imminent and that many investors will lose money due to a lack of knowledge and preparation. Kiyosaki compares the current situation to flight students in the US Navy being taught how to fly and crash.
Need for a “Bail Out”
Kiyosaki warns that banks and the US economy will crash, and there will be no soft landing. He urges investors to consider alternative forms of wealth preservation, such as gold, silver, and Bitcoin. He views these assets as “parachutes” for a personal soft landing during the impending economic turmoil.
Bitcoin as an Alternative
Kiyosaki has consistently promoted Bitcoin as an alternative to traditional cash and investment vehicles. He believes the US economy is headed for doom and sees gold, silver, and Bitcoin as a solution to the inevitable crash. He has made bullish predictions for the BTC price, expecting it to rise more than 300% to $150,000 after the approval of Spot Bitcoin ETFs.
Bitcoin as a Safe Haven
Kiyosaki views Bitcoin as a safe haven during times of political discontent and economic uncertainty. He has expressed his dislike for President Joe Biden and believes Bitcoin is the best protection against hyperinflation, which he anticipates will occur soon. He encourages investors to move their assets into gold, silver, and Bitcoin to protect themselves from government control and hyperinflation.