Robert Kiyosaki (the famous author Rich Dad Poor Dad), predicted that the U.S. dollar would end. Furthermore, he said that the Russian-Ukraine war has given rise to crypto as “a safer haven asset than government fake fiat money.”
Robert Kiyosaki: War and Bitcoin
Robert Kiyosaki is the author of Rich Dad Poor Dad. He discussed bitcoin and the Russian-Ukraine conflict in a series Tuesday tweets.
Rich Dad Poor Dad, a book by Sharon Lechter (1997). For six consecutive years, it has been a New York Times Best Seller List. It has been sold more than 32,000,000 copies in 51 languages and in 109 other countries.
Citing that many Russians are using bitcoin as a lifeline after the Russian ruble collapsed, he wrote: “Ukraine/Russian war giving rise to crypto as a safer haven than government fake fiat money.”
Kiyosaki also tweeted Monday that the Biden administration and the Federal Reserve “want inflation to pay off trillions in debt,” advising:
[The]Stocking items you’ll use every day is a good investment.
His tweets about investing in oil were further explained by him. “I do not invest in oil companies such as Mobile or Exxon. Directly, I am interested in oil wells. Higher risk for higher returns. Tax breaks fantastic. Oil prices went up by $70 to $130 last week thanks to two wells. Rich get richer but poor suffer,” the famed author wrote.
Last week, Kiyosaki warned that “we are in the biggest bubble in world history” and that the U.S. government will seize all cryptocurrencies. He predicted that the government will regulate the crypto sector then launch a “Fed crypto.” Ultimately, Kiyosaki stated that all cryptocurrencies will be seized and folded into the government crypto.
On social media, his predictions were widely criticized. Many users told him that not all cryptos can be seized. The government won’t be able to seize decentralized cryptos such as bitcoin within its network.
Kiyosaki Talks about the End of US Dollar
Kiyosaki also spoke Tuesday of the end for the U.S. dollars. He pointed out that U.S. hegemony has been ending and that the U.S. becomes less of a power in the world.
Rich Dad Poor Dad cited the recent news that Saudi Arabia was considering accepting Chinese Yuan in place of U.S. Dollars for Chinese oil sales.
Many people, including Jim Rogers (a veteran investor) and George Soros (a billionaire investor), have spoken out about how the U.S. Dollar is losing its power since the conflict between Russia and Ukraine. “What is happening with the U.S. dollar now is the end of the U.S. dollar because an international currency is supposed to be neutral but in Washington, they are now changing the rules,” Rogers explained.
What do you think about Robert Kiyosaki’s predictions? Leave your comments below.
Images CreditsShutterstock. Pixabay. Wiki Commons
DisclaimerThis information is provided for educational purposes only. It does not constitute an offer, solicitation, or recommendation of any company, products or services. Bitcoin.com is not a provider of investment, tax, legal or accounting advice. This article does not contain any information, products, or advice that can be used to cause or alleged result in any kind of damage.
