Robert Kiyosaki Backs Bitcoin as ‘Biggest Crash in World History is Coming’

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In Brief
  • Rich dad, poor dad author Robert Kiyosaki backs bitcoin as a store of value.

  • The 74-year-old expects a global financial crash in the markets, with gold, silver and bitcoin being on his list of assets to hold.

  • Global adoption for bitcoin continues as Mexican billionaire backs bitcoin for banks.

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Robert Kiyosaki has stated that buying bitcoin, gold, and silver are good bets as he expects the biggest crash in world history is upon us.

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The American businessman and author of the acclaimed book “Rich Dad, Poor Dad” has expressed his views on the current financial market. 

Kiyosaki is a bitcoin maximalist who has become very vocal about his opinions on bitcoin in recent months. The 74-year-old’s recent tweet backs gold, silver, and bitcoin as safe haven assets pending a worldwide crash in the financial market. 

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In a tweet, Kiyosaki stated “The best time to prepare for a crash is before the crash. The biggest crash in world history is coming. The good news is the best time to get rich is during a crash. Bad news is the next crash will be a long one. Get more gold, silver, and Bitcoin while you can.  Take care.”

The famed author has expressed his concerns related to the current financial markets on several occasions, reiterating his beliefs that the markets could see a massive crash in the future. In a tweet from last week he once again backed bitcoin, saying “Biggest bubble in world history getting bigger. Biggest crash in world history coming. Buying more gold and silver. Waiting for Bitcoin to drop to $24 k. Crashes best time to get rich. Take care.”

Bitcoin holds $30,000

While Kiyosaki expects to buy bitcoin around $24,000, the price appears to have stabilized over $30,000. With the current price sitting at $34,200 on Monday. The bitcoin mining hashrate recently hit a 13-month low following the recent ban on bitcoin mining in China. However, the price of bitcoin appears to have stabilized for the time being. 

Adoption is growing 

While Kiyosaki backs bitcoin as a store of value with the likes of gold and silver, countries and corporations continue to see bitcoin as a viable asset in terms of diversifying risk and as a store of value. 

Recently, Mexican billionaire Ricardo Salinas Pliego recommended that bitcoin be used in the country. Pliego stated that his bank is working to become the first in the country to accept bitcoin. 

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Ryan is a Fintech specialist with a passion for cryptocurrencies and blockchain adoption. A keen trader and investor in the market since 2016, he enjoys keeping up to date with the latest developments within the industry while finding the next 100x altcoin.

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