Robert Kiyosaki The famous author of the best-selling book “Rich Dad Poor Dad”, Robert Kiyosaki, has made some gloomy predictions about the economy and the future of cryptocurrencies. In addition to warning that we are in the biggest bubble in history, Kiyosaki predicts the government may seize all cryptocurrencies.
Robert Kiyosaki warns of the biggest bubble, depression and hyperinflation
Rich Dad Poor Dad is a 1997 book co-authored by Kiyosaki and Sharon Lechter. It was on the New York Times bestseller list for over six years. In total, over 32 million copies have been sold in over 51 languages in over 109 countries. Its author, Robert Kiyosaki, has made some gloomy predictions and warnings over the past few days. He tweeted to 1.8 million of his followers on Tuesday: “Do you have a plan B?” The famous author began to warn that we are in the largest bubble in history, mentioning bubbles in the stock market, real estate or commodities. As for the outlook for the future, he warned against hyperinflation and depression. – We are currently in the largest bubble in history. Stocks, real estate, commodities and oil bubbles… The future? Possible depression with hyperinflation, Kiyosaki wrote on Twitter.
DO YOU HAVE a PLAN “B”? We are in BIGGEST BUBBLE in world history. Bubbles in stocks, real estate, commodities & oil. FUTURE? Possible DEPRESSION with HYPER-INFLATION. My PLAN B: be an entrepreneur, stay out of stock market, create own assets, use debt as $, save G, S, BC, guns. – therealkiyosaki (@theRealKiyosaki) March 8, 2022
He then explained that his plan B was to “be an entrepreneur”. More specifically, “do not go public, create your own assets and use debt as a dollar,” he wrote. This is not the first time that a famous author has warned against depression. In December last year, he similarly wrote that depression is coming. Kiyosaki posted frequent posts on Twitter, blaming President Joe Biden, his administration, and the Federal Reserve (Fed) for high inflation and the destruction of the US dollar.
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Kiyosaki warns against government takeover of all cryptocurrencies
Kiyosaki was a bitcoin (BTC) enthusiast. He often advocated buying gold, silver, and bitcoins as a hedge against inflation. However, on Tuesday morning, he tweeted that he expected the US government to take over all the cryptocurrencies. He explained that after President Biden signed the cryptocurrency regulation, the next step would be to launch the “cryptocurrency Fed”. Then, in his opinion, all cryptocurrencies will be seized and incorporated into the government cryptocurrency. “Bye-bye bitcoin,” he wrote.
BYE-BYE BITCOIN: Prediction. Biden to sign EXECUTIVE ORDER regulating Cryptos. NEXT: Fed Crypto. NEXT: all crypto currencies seized & folded into GOVERNMENT crypto. “Let’s Go Brandon” you criminal. You commie. – therealkiyosaki (@theRealKiyosaki) March 8, 2022
Kiyosaki’s prediction of digital coins has been heavily criticized in the cryptocurrency community. Many people stressed that Kiyosaki should have waited to see what was actually in the signed ordinance before speculating on it recklessly. Many people believe that the regulation signed by President Biden is very beneficial for the cryptocurrency industry. “In my opinion, this regulation implies that the federal government sees cryptocurrencies as a legal, serious and important part of the economy and society,” said Jerry Brito, executive director of the Washington-based Coin Center.
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