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Robert Kiyosaki urges investors to buy Bitcoin (BTC), silver, and gold ahead of the ‘biggest crash in world history’

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Mark Jason Alcala reporter

Wed, 30 Jun 2021, 05:31 am UTC

The 'Rich Dad Poor Dad' author believes that an epic crash is coming to the financial markets.

Robert Kiyosaki / Image by: Gage Skidmore / Flickr

Robert Kiyosaki believes that an epic crash is coming to the financial markets. The “Rich Dad, Poor Dad” also pointed out that cryptos such as Bitcoin (BTC) and precious metals such as gold and silver could weather the fallout.

In a tweet on Monday, Kiyosaki warned about the coming crash and urged investors to make preparations. “The best time to prepare for a crash is before the crash. The biggest crash in world history is coming,” the author said.

But rather than panic, Kiyosaki reminded investors that there’s an opportunity in a crash as well. He also recommended that people should invest in the world’s largest crypto by market cap, Bitcoin, or into gold and silver.

“The good news is the best time to get rich is during a crash,” Kiyosaki added. “Bad news is the next crash will be a long one. Get more gold, silver, and Bitcoin while you can. Take care.”

In his bestselling book “Rich Dad, Poor Dad,” Kiyosaki has been urging people to strive for financial independence through investments. The author prefers to accumulate wealth through investments in real estate, other businesses, and precious metals like gold and silver but has also recently expressed support for cryptos like Bitcoin (BTC).

For months now, Kiyosaki has been warning investors of the coming financial crash. “Biggest bubble in world history getting bigger,” he tweeted last week, according to Business Insider. "Fed will raise interest rates causing stock, bond, real estate & gold crash,” he said last month.

He explained that crypto and metals will retain more of their value even during a crash. Another advantage of these assets is that they can be more easily converted to cash during a downturn compared to other assets.

“Why I like gold, silver, bitcoin? LIQUIDITY,” Kiyosaki tweeted in February. “People rushing in to buy a house at top of real estate market. When real estate crashes cannot get out.”

Kiyosaki is not the only one predicting an upcoming crash. Other high-profile investors have been predicting it as well including Jeremy Grantham, Leon Cooperman, Stanley Druckenmiller, and Michael Burry.

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