Bitcoin Might Protect Wealth – Robert Kiyosaki
Robert Kiyosaki, the Rich Dad Poor Dad author, has warned of dire economic conditions ahead. He called on investors to guard their wealth in the face of a possible economic disaster.
Analytic Insights
The financial analyst took to his Twitter page to air his views recently. Kiyosaki told his 2+ million followers that investors can maintain their capital intact. He said the coming economic meltdown would require them to seek safe assets.
Kiyosaki went ahead to recommend investors buy silver, gold, and Bitcoin, especially. He also advised that his followers create more streams of income. Kiyosaki asked his followers to delve into entrepreneurial ventures to boost their income.
According to him, Bitcoin might the capacity to protect your wealth. However, Bitcoin will not extend to protect your income.
As the economy crashes, the stock markets will decline. Pensions will equally crash and unemployment will get on the rise. At that rate, Kiyosaki said a side hustle might provide an income for people.
Who knows? Kiyosaki asked rhetorically and said that side hustle might grow into the next big firm. He asked his followers to take care and be aware of every economic movement.
The author had issued a similar warning at an earlier date. He alleged that people were not paying attention to the bigger economic picture. He equally pointed out that silver is a good investment right now as it trades under $20 currently.
The Way Out of Doom
Why millions of Dollars would be potentially wiped out, is because people see just microeconomics. People pay attention to the rising price of fuel and food while ignoring the macroeconomy.
Kiyosaki asked people to protect themselves from macroeconomics that they cannot see. They can do this by buying silver, gold, and Bitcoin. Silver is the best buy in October which everybody can afford to buy at $20 but is blind to it.
Kiyosaki stated earlier in the month why he is increasingly bullish on Bitcoin. His reason was that state-owned pension funds were beginning to invest in Bitcoin.
Why should anyone buy silver, gold, and Bitcoin? The Bank of England’s policy change means investors should buy more of those assets. The near collapse of pension funds reveals that central banks might not be able to fix inflation soon.
Pension funds have always been invested in silver and gold. The same funds are now beginning to invest in Bitcoin. The investors know what fake money can be, bonds and stocks are toast, Kiyosaki said.
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