Robert Kiyosaki, the author of the best-selling personal finance book, Rich Dad Poor Dad, warns of a bleak economic outlook.
Kiyosaki tells his 2.4 million followers on Twitter that the economy will eventually take a hard crash.
According to Kiyosaki, the assets to own as insurance against the bleak economic future he predicts are Bitcoin (BTC) and the two best-known precious metals. This is how he says:
“Soft landing? Hard landing? Or crash landing? I say crash landing. I hope I’m wrong, but that’s what I believe. Corruption is high and leaders are corrupt. Buy Gold, Silver, Bitcoin. Still the best insurance against corruption and incompetence.”
Earlier this month, the author of Rich Dad Poor Dad warned that the rise in US treasury yields was an indication of an impending recession and that Bitcoin, along with gold and silver, offered the best protection. Kiyosaki also expressed concern about the global banking system, wondering if it was collapsing.
Long bullish on Bitcoin, Kiyosaki predicted in April that the leading cryptocurrency would rise to $100,000. According to the author, Bitcoin will become an attractive investment due to concerns about the devaluation of the US dollar and the health of the banking sector.
At the time of writing, Bitcoin is trading at USD 26,820.
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