In one of his recent tweets, Robert Kiyosaki implored people to buy Bitcoin (BTC), rather than saving the dying US Dollar.
Obviously, the global economy has been in a state of jeopardy since the outbreak of coronavirus pandemic. Some parts of the world are in total lockdown, which is also locking down the economy of some countries that are greatly affected by the pandemic, especially the United States.
The list of unemployed has started to soar. And the country is still in the middle of the new coronavirus. The economy keeps crashing, and something has to be done to save the country, which resulted in the Federal Reserve’s proposal to print more money.
People like Robert Kiyosaki didn’t see this move as the best solution. Some believe that the idea is liable to devalue the globally glorified US Dollar.
Robert Kiyosaki Says Dollar is Dying, Buy Bitcoin (BTC)
Robert Kiyosaki sees the present situation as a replay of the financial crisis of 2008 that initiated the printing of $4.5 trillion, to save the economy.
In the trending tweet, Kiyosaki pointed out that the Federal Reserve (Fed) will have to print the sum of $6 to $8 trillion to save the country’s failing economy. But Rich Dad Poor Dad’s Author believes the printing is only meant to save the rich.
Kiyosaki then opined that it’s better for people to save their wealth wisely by buying Gold, Silver and Bitcoin (BTC).
Robert Kiyosaki shared this, “WHY IS DOLLAR DYING? 2008 Fed printed $4.5 Trillion to save rich. 2020 Fed will have to print $6-8 Trillion, maybe more to save US economy. There is only $9.5 Trillion in gold in WHOLE WORLD. Buy real gold silver Bitcoin. No paper ETF gold or silver. PhDs at Fed are IDIOTS.
WHY IS DOLLAR DYING? 2008 Fed printed $4.5 Trillion to save rich. 2020 Fed will have to print $6-8 Trillion, maybe more to save US economy. There is only $9.5 Trillion in gold in WHOLE WORLD. Buy real gold silver Bitcoin. No paper ETF gold or silver. PhDs at Fed are IDIOTS.
— therealkiyosaki (@theRealKiyosaki) April 7, 2020
Meanwhile, Robert Kiyosaki had once called out the death of the dollar. He said this is the result of some people’s desperation.
He then advised people not to save the dollar, but rather buy Bitcoin, Gold, and Silver, tagging dollar as free fake money.
“DEATH OF DOLLAR. People desperate for money. Very sad. If government gives you free money take it yet spend it wisely. DO NOT SAVE. Buy gold, silver, Bitcoin. Dollar is dying. Silver $20. Best Buy for future security. Everyone can afford $20, especially with free fake money,” Robert Kiyosaki