Rich Dad Poor Dad Author Says Severe Market Crash Incoming, Warns BRICS Will Bring Demise of US Dollar – Crypto News – Crypto News
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Rich Dad Poor Dad Author Says Severe Market Crash Incoming, Warns BRICS Will Bring Demise of US Dollar Rich Dad Poor Dad Author Says Severe Market Crash Incoming, Warns BRICS Will Bring Demise of US Dollar

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Rich Dad Poor Dad Author Says Severe Market Crash Incoming, Warns BRICS Will Bring Demise of US Dollar – Crypto News

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Rich Dad Poor Dad author Robert Kiyosaki says that the stock market is on its last legs, with the US heading into a historic economic downturn.

The best-selling author tells his 2.4 million Twitter followers that while he doesn’t get involved with stock or bond investing, he’s anticipating a “severe” crash and a potential depression to follow.

Says Kiyosaki,

“I do not play the stock or bond markets. As an entrepreneur I like my hands on control too much. Yet too many signs point to a severe stock market crash.

If your future depends on stocks and bonds please be careful, possibly ask for professional advice. Afraid depression coming.

Kiyosaki, an advocate for Bitcoin (BTC, said that the recent strength in the stock market was due to the debt ceiling being removed. Given his outlook on the US economy, he says he will continue to invest in “real assets” which include bitcoin, silver and gold.

“WHY IS [the] stock market taking off? Because the ‘debt ceiling’ was removed. This means national debt to rise with the stock market. Rich get richer as America gets poorer. Sad.

Sticking with real money and real assets: gold, silver, bitcoin.”

Ultimately, Kiyosaki is prediction a rapid decline of the value of the US dollar, partly fueled by irresponsible government spending and the intentions of BRICS, a coalition of Brazil, Russia, India, China and South Africa to create their own gold-backed currency.

“Giant crash coming. Fake money-aka fiat currency to die. BRICS meeting in S. Africa August 22 to put nail in coffin of fiat… fake money. Get into real gold, silver and bitcoin asap. Takecare. End of fiat (fake) money near.

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Disclaimer: Opinions expressed at The Daily Hodl are not investment advice. Investors should do their due diligence before making any high-risk investments in Bitcoin, cryptocurrency or digital assets. Please be advised that your transfers and trades are at your own risk, and any losses you may incur are your responsibility. The Daily Hodl does not recommend the buying or selling of any cryptocurrencies or digital assets, nor is The Daily Hodl an investment advisor. Please note that The Daily Hodl participates in affiliate marketing.

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