Robert Kiyosaki, author of the personal finance book “Rich Dad, Poor Dad,” has revealed his thoughts on the ideal assets for investors while predicting the end of “false” money.
According to Kiyosaki, the scarcity of gold and silver coins highlights the end of counterfeit dollars. In a tweet on September 20, Kiyosaki indicated that investors may remain secure by purchasing silver, which he predicted would appreciate to $500.
Kiyosaki’s strong stance on silver comes after he earlier indicated that gold’s high price makes it an unattractive investment asset in the present market environment.
Simultaneously, in a September 25 tweet, Kiyosaki underlined his opposition to the Federal Reserve’s efforts to rein in the surging inflation. He feels that the Federal Reserve is to blame for the growing inflation since the organization has raised interest rates.
According to domain information, Nakamoto nearly named Bitcoin Netcoin. The author also noted that the Federal Reserve’s practices would certainly ruin the U.S. economy and urged investors to invest in real money. Bitcoin (BTC), gold, and silver were listed as formidable investments by him.
Notably, Kiyosaki has said that the largest market meltdown in the history of the planet is imminent while advocating for gold, silver, and Bitcoin. According to a report by Finbold on September 14, Kiyosaki said that Bitcoin would soon experience a major upheaval.
Moreover, Kiyosaki has recently offered his perspective on the upcoming bitcoin regulatory drive in the United States. This is a result of the White House issuing an executive order asking federal agencies to investigate the creation of digital assets.
As a result, the White House issued its first-ever crypto regulatory framework, emphasizing the need for consumer protection regulations owing to the inherent risks associated with digital assets.
Also Read: Bitcoin Bull Benjamin Cowen Warns That Altcoins Might “Go Down A Lot” If Regulations Are Imposed On The Market
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