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The collapse of the crypto exchange FTX has pushed prices of digital currencies such as Bitcoin (BTC) and Ether (ETH) even lower this year. However, the author of the best-selling personal finance book “Rick Dad Poor Dad” Robert Kiyosaki remains optimistic and says that BTC investors are about to get richer once the Federal Reserve, the Treasury, and the Wall Street pivot and print trillions of dollars.
The famous author predicted that those who own Bitcoin and precious metals such as gold and silver will greatly benefit once the Fed decides to start printing more money. However, those who are “fake money savers” will end up losing, according to Bitcoin.com.
“PENSIONS next global LEHMANN. What are you going to do? Will you get richer or poorer? People who own gold, silver, Bitcoin will get richer when Fed, Treasury, Wall Street pivot & print trillions of fake dollars. Fake money savers will be biggest losers. Don’t be a loser,” Robert Kiyosaki posted on Twitter.
Kiyosaki has issued warnings on several occasions that the U.S. pension crisis is worse than what the public thought. He co-authored the book “Who Stole My Pension?” with Edward Siedle in 2020 where they discussed “the greatest retirement crisis in the history of our nation and … the entire world.” He warned that the same thing could happen in the U.S. when the pension funds in England almost collapsed.
The author argued that “the U.S. dollar became fake money” in 1971 when President Richard Nixon removed it from the gold standard. “This is because rather than being tied to real money, it was tied to the ‘full faith and credit’ of the United States,” Kiyosaki said. However, he also expects that the fake money will soon end when the U.S. dollar crashes, which could happen by January.
Robert Kiyosaki is known for his distrust in the Federal Reserve, the Treasury, President Joe Biden, and Wall Street. In February this year, he recommended buying Bitcoin as he believes that the Fed and the Treasury are destroying the U.S. dollar.
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