Robert Kiyosaki, a renowned financial education advocate and author of the classic book on personal finances, “Rich Dad Poor Dad,” has published a tweet warning the crypto community about an approaching market crash he believes will be the greatest in history.
Meanwhile, the world’s largest cryptocurrency, Bitcoin, has failed to hold at the recently recovered $119,000 level and has gone down below it again, returning to last week’s price area.
Kiyosaki’s 1929 crash warning Bitcoin statement
Robert Kiyosaki’s tweet warns the community about his concerns about a high likelihood of another market crash, which can outpace the 1929 Great Depression in the US, approaching. “We may be on the brink of another 1929 crash and another Great Depression,” he tweeted.
He pointed out that the majority of people currently have their retirement investment program (401k) “filled with stocks.” But he said that the legendary investment guru Warren Buffett and investor Jim Rogers have sold all the stocks and bonds they had held and transferred their wealth into cash and silver. “They are both in cash or silver.”
Silver, gold, and Bitcoin are the three assets that Kiyosaki expects to be the most valuable in the near future for multiple reasons.
As for Kiyosaki, he has once again made his investment priorities clear: “I sit tight with gold, silver, & Bitcoin.” Once again, he named the two largest problems the US economy is facing at the moment: the constant money printing and the fast-growing national debt: “America’s debt is out of control. America is the world’s biggest debtor nation in history. You can only print money to pay your bills….for so long.”
