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Popular novelist and Business guide Robert Kiyosaki, alarms people on Death of Dollars, urges people not to save, rather invest in precious metal and Bitcoin.

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Crypto Business World

CBW -External Analyst

INDIA

Aug, 24 2020

Aug, 24 2020

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The famous ink-slinger Robert Kiyosaki made the headline once again. His art of writing and his works has always been talk-of-the-town he gained his popularity from his novel “Rich Dad Poor Dad”. Not only does his passion fade away with writing but also possesses interests in educating people who are interested in learning about real estate, investing, cash flow, and business start-ups. During the last few years, Kiyosaki has been an advocate for cryptocurrencies and had predicted about the unseasonably economic downfall.


With the years of experience on the cryptocurrencies, trading, and commerce, he has always been vocal about DC and braced it as “the people’s money”. In his recent interview, he stood by cryptocurrencies and exclaimed that he expects digital currencies to outlast fiat. Following COVID19 pandemic, the awestruck accelerating graph of DC business made him compliment precious metal and Bitcoin.


On August 21, Kiyosaki pen down his opinion on twitter when the CEO of Berkshire Hathaway, Warren Buffett inclined his interest in investing in golds which once he quoted as “non-productive asset”. Kiyosaki tweeted; “Why Buffett is out of banks? Banks Bankrupt?”  he further continued: Major banking crisis is knocking in. Fed and treasury to predominant the banking system? Fed and Treasury “unconventional helicopter fake money directly to people to avoid mass rioting?”


The author verbalized a similar statement in April when the tinge of the pandemic was speeding up, while the U.S government started distributing stimulus. Kiyosaki commented as the “death of dollar” as sown its seed.  He continued to share with his twitter follower that time; “Citizens are desperate for money, it is sad to see the government distributing free money, take it and spend it wisely. Do not save rather invest in buying gold, silver, Bitcoin. Dollar is dying”.

His tweets and off-course the current economic situation have alarmed people; his followers raised a query and sought assistance from this business guide, many raised questions on, how to buy a portion of Bitcoin if one cannot afford the whole bitcoin like gold? If you cannot buy a whole Bitcoin starts buying a portion of called Satoshis, 1 bitcoin has 100 million units of satoshis, in no time one can own 1 Bitcoin”; he added. Many of his followers replied to his advice in support and claimed; “Highly irresponsible not to own any bitcoin”.

Kiyosaki finally questioned with his last statement, “Not a time to, Think about it. How much gold, silver (and) Bitcoin do you have”?


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Crypto Business World

CBW - External Analyst

INDIA

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