By Nathan Ferguson
Robert Kiyosaki, the American author of a 2002 released book named ‘Rich Dad, Poor Dad’ and a businessman, stated that Bitcoin, silver, and gold are the assets to survive through the severe conditions of the future when every other thing is consumed, and he is the one doing so as mentioned by him on a tweeter.
The author frequently quotes from his book since its publication in 2002, and recently he articulated ideas opposing a far-reaching crypto proponent and the macroeconomy.
The biggest ever collapse: What Kiyosaki believes?
However, at the moment, he voices that a world-level collapse of the great magnitude is near to fall on. He points out that it is the most suitable time for the collection of the assets to get ready to tackle the crash. He focused on his view by describing that to meet with the biggest crash. Everyone needs to prepare for a smaller crash like now, he said in the tweet.
‘Rich Dad’ author’s recommendations
It was disclosed by Kiyosaki recently this month that he counted on Bitcoin (BTC) to reduce than $24,000 in its value as a result of the world’s biggest collapse in history. His tweet of 19th June claimed that he was already purchasing BTC, silver, and gold along with aiming for the Bitcoin lover prices. He referred to the present adverse situation in the BTC market as the ‘best time’ and good news for the investors, encouraging them to preserve as many coin assets as they can.
A similar perspective has been shared by the CIO of Guggenheim Partners ‘Scott Minerd’ who indicated a 40% drop rate in the prices of BTC in May 2021. Previously, the asset traded around $65,000, but to prove his point, it descended lower than $28,000 in the earlier days.
Nonetheless, the credit of being a stable Bitcoin bull goes to Kiyosaki, who has been followed by many persons in the matter of BTC. Kiyosaki, in an interview given recently this year to the news channel Kitco, anticipated the target for Bitcoin price to be nearly $1.2 million as the biggest cryptocurrency in the world. He revealed that this target would be achieved by BTC in the coming five years, claiming to have purchased the coins at $9,000 while waiting for it to reach around $55,000 like an intelligent businessman.
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