Rich Dad Poor Dad writer Robert Kiyosaki says he is vying to buy Bitcoin, Ethereum and precious metals as the economy weakens.
On a new podcast episode on the Rich Dad Radio Show, the bestselling author and entrepreneur says that while he doesn’t want to argue about which store of value is superior, he is currently trying to own as much BTC, ETH and gold as he can.
“I’m just grateful that I have a lot of gold, silver, Bitcoin and Ethereum and that I don’t get involved in the argument. Peter Schiff always argues back over gold and silver and Max Keiser’s argument, and I think, “Why the hell are you arguing?” Now get as much as you can because the government is messed up. We’re screwed. Our whole economy is screwed. We’re so deeply in debt that it’s like sinking into quicksand and you argue over gold, silver and bitcoin. Just buy something. “
Last year, Kiyosaki predicted that Bitcoin would break the $ 50,000 level in 2021. He said that bet was not necessarily based on the strength of Bitcoin, but rather on the weakness of the US economy and the US government.
“I don’t judge Bitcoin. I judge the stupidity of our government. As a real estate agent, if all these office buildings in the San Francisco area can’t pay their rent, who’s going to save them? So I’m putting my bet of $ 50,000. It was a bet against the economy. It wasn’t a bet on Bitcoin. And i bet [the Federal Reserve] will print [more money] and if they don’t print, we’re screwed anyway.
The question is, where are you putting your money? I started saying “cash is junk” years ago and it becomes junk. The more artificial intelligence and technology make things more efficient, the lower the prices should be, but the Fed continues to pump them up … Lesson number one in Rich Dad Poor Dad is that the rich don’t work for money because the moment by doing that, you’re in a fix. It is coming true now and it really concerns me very much. “
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