Robert Kiyosaki, the renowned author of the best-selling book “Rich Dad, Poor Dad,” has once again become a vocal advocate for Bitcoin (BTC) amidst the tumultuous state of the market. In his recent tweet, he expressed his unfiltered opinion and predicted a grim future for the real estate sector and its potentially catastrophic repercussions on the global financial landscape.
Kiyosaki’s extensive experience and expertise in financial matters carry significant weight and have garnered attention from investors and individuals seeking insights into the current economic climate. He advises people to consider alternative ways of preserving their wealth during these challenging times by highlighting gold, silver, and Bitcoin as some of the best stores of value to safeguard one’s assets amidst impending economic turmoil.
Referring to an upcoming crisis as “The Greatest Real Estate crash ever,” Kiyosaki draws a striking parallel between this event and 2008’s global financial crisis while asserting that it will dwarf its impact. The magnitude is further illustrated through drastic declines experienced by office towers in San Francisco that reportedly lost 70% of their value within just a few years; raising questions about such properties’ future utility. Repurposing them as homes for homeless people might be potential solutions according to him.
This isn’t new territory for Kiyosaki who has been promoting merits like Bitcoin before too. In April, he took Twitter expressing belief that BTC would continue appreciating stating he bets Bitcoin will keep going up when it had already seen significant increases in value soaring by 100% from $15,500 low point all way up high at $31k per coin back then.
His decision to invest in precious metals & bitcoin stems from deep-seated skepticism towards institutions like US Federal Reserve or Treasury Department under President Joe Biden whom he views with lack-of-trust influencing inclination toward alternative investment optionsSponsored Product instead which can help protect personal wealth better than traditional means.
As per latest data available via CoinGecko, Bitcoin is currently priced at $26,504. Over the past 24 hours, it has witnessed a modest rally experiencing a 0.3% increase in value; however, over the previous seven days BTC lost 2.2% of its value.
In conclusion, Kiyosaki’s continued support for Bitcoin amidst market volatility highlights his belief that cryptocurrencies and precious metals are essential stores of wealth during times of economic uncertainty. His warnings about an impending crisis should be taken seriously by investors who want to protect their assets from potential losses due to real estate crashes or other financial crises on the horizon.
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