“Bitcoin is experiencing an uptrend, while gold, on the contrary, is stagnating. Silver is 50% below historic highs, ”he recently tweeted. “Silver is the best investment with the lowest risk and high potential. Bitcoin has the greatest growth potential. When the dollar falls, bitcoin and silver are the best investments. "
Kiyosaki, founder of the Rich Dad Company and Rich Global, expects government stimulus during the pandemic to accelerate the devaluation of the US dollar. When the US Federal Reserve raises interest rates to cool the economy, asset prices will plummet. He predicted such a scenario at the beginning of this 2021.
The personal finance expert hopes to minimize the negative impact of the upcoming financial crisis on his investment portfolio by placing all his money in cryptocurrencies and precious metals, which he views as safe haven assets. He sees them as more reliable means of storing his capital for the long term.
“The main reason I invest in bitcoin, gold and silver is because I don't trust our leaders, the Fed, the Treasury and the stock market,” he tweeted in August.
In his bestselling book, Rich Dad Poor Dad, Kiyosaki details his experiences growing up with a poor father and watching his friend's rich father. He notes the differences in the spending, saving and investing habits of these two people. The author quoted a wealthy parent in his August tweet to highlight the current risks for investors and the need to preserve their wealth.
“My rich dad's words of wisdom: Always remember ... Las Vegas was NOT built on winners,” he said. "I would add," And Wall Street too. " Be careful. In 2021, future losers are everywhere. ”
At the end of July this year, Kiyosaki pointed to the overheated US housing market, calling it risky to invest. He advised investors to look elsewhere for deals.
“Be careful,” he tweeted. “The real estate bubble will burst if interest rates rise. Deals are best done after a crash. The best deal is silver. Silver is still 50% below historic highs. ”
“Time to be patient, not greedy,” he added.
Kiyosaki's recent comments echo his warnings and recommendations made earlier this year. “The biggest bubble in world history is getting bigger,” he wrote in June. “The biggest crash in world history is coming. I buy more gold and silver. I'm waiting for Bitcoin to fall to $ 24,000. Collapse is the best time to get rich. Take care of yourself".