Bitcoin: Kiyosaki's Haven Amidst U.S. Financial Collapse Fears
1min read Robert Kiyosaki, the renowned author of "Rich Dad Poor Dad," has recently shared his views on the global financial system and Bitcoin. In a series of tweets, Kiyosaki expressed his concerns about the potential collapse of the U.S. financial system and the global economy, suggesting that Bitcoin could serve as a secure haven during such an event.
Kiyosaki acknowledged that, as some critics argue, Bitcoin might be a scam. However, he emphasized that the real "big scam" is the U.S. Dollar and the U.S. Banking System, which he believes is orchestrated by a group of "banksters." He cited the recent bank collapse in 2023 as an example of the system's fragility and called for those responsible to be held accountable.
The financial expert predicted that the U.S. financial system would collapse, with the global system likely to follow. To protect their assets, Kiyosaki advised investors to buy Bitcoin, physical gold, and silver, as these assets have the potential to survive any financial market turmoil and even bank collapses.
However, Kiyosaki warned against investing in Bitcoin exchange-traded funds (ETFs), referring to them as "bankster's money." He emphasized the importance of direct ownership of Bitcoin, as it is the only way to truly benefit from the cryptocurrency's potential.
In recent market developments, Bitcoin experienced a significant crash on Friday, falling below $80,000 and reaching $78,764 per coin. However, the cryptocurrency quickly recovered, gaining 7.79% and trading at $84,972 as of this writing.
