The famous author of the best-selling book Rich Dad Poor Dad, Robert Kiyosaki, has advised investors not to miss “the greatest sale on earth.” He said asset prices are crashing and indicated that he is waiting in cash position to pick up bargains, including bitcoin.
Robert Kiyosaki Is Waiting To Buy Bitcoin
The author of Rich Dad Poor Dad, Robert Kiyosaki, reiterated this week that he is waiting to buy bitcoin, emphasizing that “the Greatest Sale on Earth” is coming as asset prices are crashing.
Rich Dad Poor Dad, a book by Sharon Lechter (1997). The New York Times Best Seller List has had it for six years. It has been sold more than 32,000,000 copies in 51 languages and in 109 other countries.
Noting that his “Favorite 4-letter word is SALE,” Kiyosaki tweeted Monday:
The Pin on Asset Bubble. Crashing asset prices. In cash position waiting to pick up bargains especially in real estate and bitcoin … Do not miss the Greatest Sale on Earth.
At the time of writing, the S&P 500 has declined 21% while Nasdaq has slumped 29% so far this year. In addition, increasing interest rates are driving up mortgage prices and cooling housing demand.
Kiyosaki repeatedly warned against asset bubbles, and markets collapsing. He said in March that we are in the “biggest bubble in world history,” noting there are bubbles in stocks, real estate, commodities, oil, futures, and even bitcoin. In June last year, he said the biggest bubble in world history is getting bigger, predicting that the “biggest crash in world history” is coming.
For a long time, the famous author has been waiting for bitcoin to be bought. On several occasions, he stated that he would buy bitcoin when it is at its lowest. He said that he would wait to purchase bitcoin at $24K when the biggest cryptocurrency traded at $35K. In May bitcoin hovered around $30K. He stated that he was still waiting for it to drop down as low $9K. Last month, he revealed that he is waiting for bitcoin to “test” $1,100 before buying. “If it recovers, I will buy more. If it does not, I will wait for losers to ‘capitulate’ quit then buy more,” he tweeted.
Kiyosaki warned of a possible depression and hyperinflation as well as civil unrest in America. He stated that he had been buying more gold and silver as well as bitcoin, ethereum and rental property, in response to rising inflation. According to him, President Joe Biden as well the Federal Reserve are responsible for the rise in inflation. He predicts that the U.S. will soon be entering a recession. “Fed will raise interest rates causing stock, bond, real estate & gold crash,” he previously warned.
According to the U.S. Labor Department, consumer prices rose 9.1% in 2013 compared with last year. This is the largest annual increase since 1981. In the meantime, banks have increased their prediction that the U.S. will fall into recession in this year.
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