The Magazine for Asian Investors
” I’m Buying Gold, Silver, Bitcoin, Ethereum, Rental Property and More Oil Now What Are You Buying?” Rich Dad Said
Robert Kiyosaki, author of Rich Dad Poor Dad
says inflation is taxing the poor and middle class. Inflation makes the rich even richer. As a result, he came up with the idea of hoarding cryptocurrencies as he started to worry about rising inflation.
The Star Author never gets tired of mentioning that the best investments are gold, silver, real estate, oil, and more recently cryptocurrencies named Bitcoin and Ethereum.
He also says that the U.S. economy is facing a recession and the stock market is going into a bear market which will bring a stock market crash.
Currently, both Bitcoin and Ethereum prices are very volatile which makes it almost impossible to determine in which direction it is going? Robert Kiyosaki has repeatedly warned about the economic crisis caused by inflation factors. He also mentions that one should buy and hold Bitcoin.
Regarding the current monetary policy, he said that the Fed wants inflation to rise in order to weaken the dollar, and that the Fed will let interest rates continue to rise. Which will lead to the capital markets experiencing crises again and again.