Rich Dad, Poor Dad Author Says ‘Major Banking Crisis Coming,’ Praises Bitcoin and Gold

Robert Kiyosaki, the author of the best-selling book “Rich Dad, Poor Dad,” explained this week that time is running out as a “major banking crisis is coming fast.” The best selling author says now is “not a time to think about it” and said people should start considering leveraging precious metals and bitcoin.

Robert Kiyosaki wrote the popular book “Rich Dad, Poor Dad,” and he also offers personal finance education to people interested in learning about real estate, investing, cash flow, and how to start a business. During the last few years, Kiyosaki has been an advocate for cryptocurrencies like bitcoin and he’s predicted an economic collapse for years now.

In 2018, during an interview with the Sane Crypto Podcast, Kiyosaki called bitcoin “the people’s money” and said he expects digital currencies to outlast fiat. Following the Covid-19 outbreak and the beleaguered global economy, Kiyosaki has continued to praise precious metals and bitcoin.

On August 21, the best selling author tweeted about Warren Buffet’s recent decisions to invest in gold.

“Why Buffet is out of banks?” the author said. “Banks bankrupt. Major banking crisis coming fast. [The] Fed [and] Treasury to take over the banking system? Fed and Treasury “helicopter fake money” direct to people to avoid mass rioting?”

Kiyosaki continued:

Not a time to ‘Think about it.’ How much gold, silver, [and] Bitcoin do you have?

A number of Kiyosaki’s 1.4 million followers questioned his statements about bitcoin and some recommended other investments.

One individual replied to Kiyosaki’s tweet and said that it was “highly irresponsible not to own any bitcoin.”

“Some say they can’t afford one whole Bitcoin-just like gold, [but] you can buy a portion of it,” the Twitter account Stack Satoshi’s said responding to Kiyosaki’s statement.

“[One] bitcoin has 100 million units called Satoshis. Start buying Satoshis and in no time, you will have one whole Bitcoin and…

Read More