By Hassan Mehmood (Saudi Arabia)
Robert Kiyosaki, the author of Rich Dad Poor Dad, asks people to invest in Bitcoin and gold. While sharing his prediction over Twitter, he says that a big banking crisis is coming.
Kiyosaki is a fan of Bitcoin for a long time and has advised his Twitter followers to buy Bitcoin many times as the dollar is going to undervalue due to Fed’s policies. But this time, he predicts that the banking crisis is on the way. He said:
“WHY BUFFET is OUT OF BANKS. Banks bankrupt. MAJOR BANKING CRISIS COMING FAST. Fed & Treasury to take over the banking system? Fed and Treasury ‘helicopter fake money’ direct to people to avoid mass rioting? Not a time to “Think about it.” How much gold, silver, Bitcoin do you have?”
Buffet Dumped Bank Stocks
Recently, Investment guru Warren Buffet purchased gold mining stocks while dumping US bank stocks. Buffet retreated from major US banks including Wells Fargo, JP Morgan Chase, and PNC, and now the Berkshire Hathaway’s holdings of banks’ stocks are replaced by gold mining shares. Kiyosaki said on August 18:
“BUFFET EATING HIS WORDS. Buffet dumping airline stocks & banking stocks. What does that say about economy? He said “Gold is incapable of producing anything.” He called Bitcoin “ Rat Poinson.” If 90 year old man can change his mind what happens when world changes their mind?”
He holds Bitcoin and Ethereum as dollar is a scam in his eyes because people can manipulate it easily. “WHY I buy gold, silver, Bitcoin? Three words: No Counterparty Risk. Stocks, Bonds, Business, Real Estate all have Counterparty Risk. Gold, Silver, Bitcoin are money. They do not depend on people to be money. I own Gold, Silver Bitcoin in case I need to run from human insanity,” Kiyosaki added.
Last month, Kiyosaki explained to his followers that digital assets are making people smart besides giving them enough profit. The digital currencies will fight against “corrupt Fed.”
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