“Financial markets are hurtling into a brutal recession, and investors should bet on cryptocurrencies and precious metals to weather the fallout.”Said this week on Twitter the personal finance guru and author of the best seller Rich father poor father, Robert Kiyosaki.
“The biggest fall in the history of the world is coming”, He assured, adding that the liquidations create buying opportunities, but that the markets will not recover for a long time.
Kiyosaki’s statements come in the midst of the coronavirus pandemic, a situation that is affecting the world economy and that generated a drop in GDP in 2020 in most countries of the world.
“Get more gold, silver and bitcoins while you can“Said the finance specialist on the bird’s network.
In a tweet, Kiyosaki stated, “The best time to prepare for a crash is before the crash. The greatest fall in world history is approaching. The good news is that the best time to get rich is during an accident. The bad news is that the next fall will be long. Get more gold, silver, and Bitcoin while you can. Take care.”
Notably, Kiyosaki’s best-selling book urges people to understand their finances, not depend on others for money, and build wealth by investing in businesses, real estate, and other assets. The founder of Rich Global Rich Dad Company it sounded the alarm in the market for several months.
“The biggest bubble in world history is getting bigger”He tweeted last week. While in mid-May, he published: “The Fed will raise interest rates, causing stocks, bonds, real estate and gold to fall”.
According to the portal Business Insider, Kiyosaki recommended holding cryptocurrencies and metals, stating that he expected them to retain more of their value and be more easily converted to cash than other assets during a recession.
“Why do I like gold, silver, bitcoin? LIQUIDITY”He tweeted in February. “People rush to buy a house at the top of the housing market. When you can’t get out of real estate collapses ”, he stated.
On another note, the personal finance guru celebrated retail investors who ran small restrictions on GameStop, AMC and other assets earlier this year. “Robin Hood and Reddit traders kicking institutional investors’ butts,” he tweeted in late January. “Keep it up. I love it, ”he added.
“The best time to prepare for a crash is before the crash. The greatest fall in world history is approaching. The good news is that the best time to get rich is during an accident. The bad news is that the next fall will be long. Get more gold, silver, and Bitcoin while you can. Take care ”(Kiyosaki)
A few days later he posted: “I’m excited that Reddit is going after the rigged silver market.” He added, “God bless the Reddit merchants.”
Kiyosaki is far from the only high-profile analyst who predicts a accident in the market. Different investors projected that the boom will end painfully.
While Kiyosaki expects to buy bitcoin around $ 24,000, the price appears to have stabilized above $ 30,000. Notably, bitcoin mining recently hit a 13-month low following the recent ban in China. However, the price of bitcoin seems to have stabilized for the time being.