Robert Kiyosaki Says ‘We Are in Biggest Bubble in World History’ — Warns Government Will Seize All Cryptocurrencies – Economics Bitcoin News

Robert Kiyosaki (the famous author Rich Dad Poor Dad) has given some dire predictions regarding the future and economy of cryptocurrency. Kiyosaki also warned that we’re in the largest bubble in history. He predicted that all cryptocurrency would be confiscated by the government.

Robert Kiyosaki warns about the Biggest Bubble Depression and Hyperinflation

Robert Kiyosaki (author of Rich Dad Poor Dad) has issued a series of gloomy warnings and predictions over the last few days.

Rich Dad Poor Dad, a book by Sharon Lechter (1997). The New York Times Best Seller List has had it for six years. The book has been translated into more than 51 languages in more than 109 different countries.

On Tuesday, he tweeted to his 1.8 million followers, “Do you have a plan B?”

This famous author warned us that we’re in the worst bubble of all time, citing stock, commodity, and oil bubbles. He also warned of hyperinflation as well as depression in the future. Kiyosaki posted this tweet:

Our bubble is the biggest in history. Bubbles in stocks, real estate, commodities & oil … Future? Possible depression and hyperinflation.

He then explained that his plan B is to “be an entrepreneur.” Specifically, “stay out of [the]You can create your own assets by investing in the stock market [and] use debt as $,” he wrote.

The famous author has warned of a possible depression before. Similar predictions were made by the author in December 2013 about a coming depression.

Kiyosaki frequently tweeted that President Joe Biden and his Federal Reserve administration were responsible for the high level of inflation and destruction of the U.S. Dollar. Rich Dad Poor Dad, an author who teaches investors how to capitalize on inflation and make capital investments like a capitalist, published a blog post last week.

Kiyosaki Warns About Government Seizing All Cryptocurrencies, Absorbing Into ‘Fed Crypto’

Kiyosaki, until Tuesday, was bullish on Bitcoin. As a hedge against inflation, he often suggested buying bitcoin, gold and silver.

He tweeted however Tuesday morning, saying that he expected the U.S. to seize all cryptocurrency.

He explained that after President Biden signed an executive order regulating cryptocurrencies, the next step would be to launch a “Fed crypto.” After that, he believes that all cryptocurrencies will be seized and folded into the government crypto. “Bye-bye bitcoin,” he wrote.

Kiyosaki’s crypto prediction has been heavily criticized in the crypto community, with many people stressing that he should have waited to see what’s actually in the executive order before speculating recklessly on it.

Many people think that President Biden’s executive order is very positive for the crypto industry. Jerry Brito is the executive director at D.C.-based thinktank Coin Center.

This executive order conveys to me that cryptocurrency is a valid, important, and serious part of society.

What do you think about Robert Kiyosaki’s warnings? Comment below to let us know your thoughts.

Kevin Helms

Kevin, a student of Austrian Economics and a Bitcoin evangelist since 2011, was one of the first to discover Bitcoin. He is interested in Bitcoin security and open-source software, network effects, and the intersection of cryptography and economics.