Robert Kiyosaki Says in Cash Position Waiting to Buy Bitcoin
Rich Dad Poor Dad author Robert Kiyosaki has said investors should not miss “the greatest sale on earth.” It is falling asset prices, and he said he is waiting for cash to buy bitcoins from the market.
As the author of Rich Dad Poor Dad, Robert Kiyosaki is waiting to buy bitcoin, stressing that “The Greatest Sale on Earth” is coming as asset prices drop.
Kiyosaki and Sharon Leacher co-authored Rich Dad Poor Dad in 1997. The book has been on New York Times Best Seller List for more than six years. The book has sold more than 32 million copies across over 109 countries.
“Favorit of my 4-letter word,” Kiyosaki tweeted:
Asset bubble found a Pin. Asset prices crashing. In cash position waiting to pick up bargains, especially in real estate and bitcoin … Do not miss the Greatest Sale on Earth.
Kiyosaki warned many times about asset bubbles and price collapses. In March, he described us as in the “biggest bubble in world history,” noting that there are bubbles in stocks, real estate, commodities, oil, futures, and bitcoin too. As of June last year, he predicted the biggest bubble in world history is getting bigger, predicting the “biggest crash in world histories.”
The famous author has been waiting for bitcoins for a while. As a result, he has stated several times that he plans to buy BTC when the bottom is in. The largest cryptocurrency was trading at $35K, so he said he was waiting to buy it at $24K. During bitcoin’s peak period in May, he said he’d been waiting for the price to drop as low as $9K. A month ago, he revealed that he was waiting for bitcoin to “test” $1,100 before buying it. “If it recovers, I will buy more. If it does not, I will wait for losers to ‘capitulate’ quit, then buy more,” he tweeted.
According to Kiyosaki, depression, hyperinflation, and civil unrest are imminent in the United States. He said last year, as inflation escalated, he was buying more gold, silver, bitcoin, ethereum, rental real estate, and oil. President Biden and the Federal Reserve are blamed for inflation, predicting the U.S. is sliding into a recession. The Federal Reserve will raise interest rates, causing share, bond, real estate, and gold rates to crash.
The U.S. federal labor department said that consumer prices rose 9.1% compared to the year earlier, the biggest increase since 1981. In the meantime, more banks predict that the United States will collapse into recession this year.