By Hassan Mehmood (Saudi Arabia)
Robert Kiyosaki is a well-known name in the investment world. Several present-day investors were inspired by his critically acclaimed book Rich Dad Poor Dad. Kiyosaki mentioned in his book that he did not want to end up like his poor dad, who works long hours and wasn’t able to make enough money to make ends meet. He exemplified his rich dad, who taught him the art of making money work for him.
Today, Kiyosaki owns many companies and is living a comfortable life. He is also an advocate of making financial education more popular and commonplace. His fans and disciples religiously follow his advice and Twitter account. A few days ago, Kiyosaki once again repeated his warnings in a new tweet after claiming a few days ago that a big crash is coming.
Kiyosaki believes that Bitcoin is a Perfect Store of Value to Provide Security During the Mega Crash
A few days ago, Robert Kiyosaki tweeted an alert regarding the possibility of a fourth stimulus checks distribution by the US government. The tweet informed his followers that the US policymakers are deliberating upon the subject of issuing another money supply cycle. He further added that the financial risks of upcoming tough times could be mitigated with Bitcoin.
Also read:Adding Gold and Silver into the same category as Bitcoin, Kiyosaki claimed that it would be a great idea for the investors to consider these three asset classes as a shield against loss. It should be noted that while USD supply is unlimited and controlled by Federal authorities. Bitcoin is a decentralized cryptocurrency with a limited programmed amount of 21 million units.
Kiyosaki’s Expectations from Bitcoin are Improving for Good
When the Bitcoin market fell from grace after registering an ATH of $64,500 in April, Kiyosaki also took a step back from cryptocurrency. He went on to claim that Bitcoin could fall as low as $24,000. However, after some time, he changed the number and replaced it with a more positive price mark of $28,900. This prediction became a reality on June 22.
The major cause of the Bitcoin price crash was the Chinese government’s blanket ban on mining farms. However, Kiyosaki was tracking the lowest price point because he wanted to purchase from the dip and increase his Bitcoin holdings. On the other hand, long-time Bitcoin opponent Peter Schiff continues to browbeat flagship cryptocurrency by calling it speculative and transient.
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