The multimillionaire author of “Rich Dad Poor Dad” is advising his followers to hoard a variety of assets including Ethereum while they can.
Robert Kiyosaki, the founder of Rich Global LLC and Rich Dad Company, recently urged his followers to buy in Ethereum ahead of what he described as the “largest crash in history.” Thus, the author of the best-selling book Rich Dad Poor Dad added ETH to his list of preferred financial products, which already included bitcoin, gold, and silver.
Kiyosaki’s Pleading: Invest in Cryptocurrencies
On Twitter earlier this week, the multimillionaire businessman and author delivered his warning. Given the current situation of US politics and Evergrande’s debt, he offered a very negative forecast for global financial markets.
“US Gov out of money. Shutdown looming. Dems blame Republicans for the problem. Evergrande– China’s biggest property developer with 800 projects in 200 cities– out of money. Get the message? Get gold, silver, Bitcoin, ethereum before the biggest crash in history. Take care.”
Kiyosaki is well-known for his opposition to fiat currencies as a result of their rampant inflation and for his preference for equities, real estate, and precious metals as a store of wealth. He previously included Bitcoin among these and even pondered increasing his holdings during the cryptocurrency’s most gloomy period this year.
This is the first time, though, that Kiyosaki mentions Ethereum as one of these safe-haven investments. In the short run, Ethereum’s price tends to change more unpredictably than Bitcoin’s. It has, however, largely tracked the principal cryptocurrency’s movement over time.
Stop Arguing and Start Buying, Kiyosaki advises.
For Kiyosaki, the asset class in which he invests is mostly irrelevant. His goal is to avert the imminent collapse of fiat and the traditional monetary system.
He expressed his opinions on this subject in March, during a special episode of his podcast devoted to Defi. Additionally, he stated that he had invested directly in Ethereum.
“So I’m simply thankful that I have a lot of gold, silver, Bitcoin, and Ethereum and that I’m not involved in the debate. Peter Schiff is constantly battling with Max Keiser over gold and silver, and I wonder, ‘Why the hell are you guys bickering?’
Simply gather as much as you can now, as the government is screwed. We’ve been dealt a bad hand. Our entire economy is in shambles. We’re so badly in debt that it’s as if you’re sinking into quicksand as you argue about gold, silver, and Bitcoin. Simply purchase something.”
Also Read: Money Laundering Rules For Crypto Providers In Switzerland
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