The famous author of the best-selling book Rich Dad Poor Dad, Robert Kiyosaki, has warned that the U.S. dollar is “about to implode.” Among the investments he suggested are cryptocurrencies bitcoin, ethereum, and solana.
Robert Kiyosaki Foresees Dollar Imploding, Blames Biden for Inflation
Robert Kiyosaki (author of Rich Dad Poor Dad) is back to warn about the impending collapse of the U.S. Dollar. He suggested that investors invest in cryptocurrency, specifically bitcoin, ether and solana.
Rich Dad Poor Dad was co-authored in 1997 by Sharon Lechter and Kiyosaki. For six consecutive years, it has been a New York Times Best Seller List. The book has been translated into more than 51 languages in more than 109 different countries.
Kiyosaki posted Monday a tweet warning of trouble in the world. “National debt to go through the roof,” he wrote, emphasizing that the dollar is “about to implode.” The famous author insisted that President Joe Biden is causing inflation. He suggested that investors purchase more gold, solana and silver before the outbreak of the third World War.
Kiyosaki warned repeatedly about the imminent demise of America’s dollar. Recently, he also stated that the world is in the largest bubble in its history.
Kiyosaki suggests Bitcoin, Ethereum, And Solana
Although Kiyosaki recommended bitcoin (BTC), ethereum, (ETH) and other currencies in the past, until recently, he did not recommend solana. He stated that he had been buying bitcoins and ethereum more as inflation increased in November 2017.
Many have questioned his recommendation to investors to purchase solana. SOL supporters see the Rich Dad Poor Dad author’s recommendation as very bullish for the price of the cryptocurrency while others disagree about it being a good investment. One person suspected that Kiyosaki is being paid to promote solana, stressing that the famous author “likes hard money.”
Another celebrity investor who has been into solana lately is Kevin O’Leary. Shark Tank Star, also known as Mr. Wonderful, has been on Kiyosaki’s Rich Dad show and Kiyosaki previously said O’Leary “knows what he is talking about.”
In January, O’Leary said that Solana and Polygon will be two of the most successful projects. However, O’Leary, being a paid spokesperson for crypto exchange FTX, may have been influenced by FTX CEO Sam Bankman-Fried, who said solana could be the next bitcoin. His team and Bankman-Fried have been involved in projects based on Solana. “Who’s working on that? Sam Bankman Fried with his team. Why wouldn’t ya bet that horse?” O’Leary said.
Despite his crypto recommendations, Kiyosaki warned earlier this month that the government will seize all cryptocurrencies after they launch a “Fed crypto.” Nonetheless, he subsequently said that the Russia-Ukraine war has given rise to crypto as a safer haven than fiat money.
What do you think about Kiyosaki’s predictions and crypto suggestions? Comment below to let us know your thoughts.
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