By Richard Hines
The internationally recognised American entrepreneur and author, Robert Kiyosaki, has taken to his Twitter page to predict that Bitcoin holders, as well as holders of silver and gold, will become way richer than people who just save plain old money in the near future.
According to him, the concept of a pension payment is a farce, and very soon people will come to see that saving “fake money” is not exactly the best financial decision.
Pension Is Just Like A Lehmann Upgrade
Over the years, lots of bitcoin evangelists have emerged in the crypto industry. It is unbelievable that despite the current deplorable state of the industry, a large percentage of them still continue to preach the bitcoin gospel as opposed to fiat money.
One of such Bitcoin evangelists is Robert Kiyosaki, a multibillionaire entrepreneur and author who is internationally recognised for his book on financial prudence titled “Rich Dad, Poor Dad.”
According to Robert, in a few years, people will come to realise who has made better decisions among investors in Bitcoin, gold, and silver in contrast with people who just save plain old fiat money.
He believes that the concept of a pension is nothing but a fat old farce and likens it to “Lehmann.” According to him, just like Lehman Brothers Holdings, the financial services firm that was at one point the largest investment company in the US, crashed back in 2008 due to the global mortgage problem, the same fate awaits pensions and ultimately, dollars.
The author believes that, like in the COVID-19 situation, the US government will most likely start to print the traditional legal tender (Dollars) indiscriminately, an action that will no doubt jeopardise the credibility of the note, thereby crashing the global dollar market to a great extent.
He went further to state that when that finally happens, it is the people that invest in bitcoin, gold, and silver that will heap a large amount of money for themselves.
Why Should We Listen To You?
In reply to Robert Kiyosaki’s financial prediction, a number of people have gone on to state that the multibillionaire has got it all wrong.
A number of them say that it is too big a risk to tell civil servants who have “slaved” away their youth to buy assets that are volatile with their hard-earned money.
In spite of the news of his allegedly going bankrupt in the past, many have said that he lacks the “expertise” to give such advice and that he should give them a genuine reason why he is supposedly right.