As a researcher with a background in finance and economics, I find Robert Kiyosaki’s insights particularly intriguing. With his unique perspective gained from his experiences, he consistently delivers valuable financial advice that resonates with many. In this instance, his warning about the impending banking crash aligns with the views of other influential figures such as Jim Rickards, Jim Rogers, and Ray Dalio.
Robert Kiyosaki, an advocate for Bitcoin, businessman, and writer of the widely-read personal finance guidebook “Rich Dad Poor Dad,” recently posted a message on the X platform to alert his followers about another potential collapse in the banking system.
As per Kiyosaki, the wealthy investor Ray Dalio, founder of the Bridgewater Associates hedge fund, had predicted that such a market crash would occur.
Nevertheless, the financial expert maintains that it’s possible to earn profits during this market downturn, even if you only have a small amount of funds available.
Profiting from current banking crash possible with this asset per Kioysaki
According to Kiyosaki, these prominent figures in finance – including Jim Richards, Jim Rogers, Ray Dalio, and himself – have been predicting a financial crash. Now, they believe this predicted crash is now underway.
Despite some reservations, Robert Kiyosaki remains enamored with the concept of “sales,” crediting his wealth accumulation during the 2008 real estate crisis by purchasing properties at reduced costs. In his opinion, we’re witnessing a similar trend now – assets can be acquired affordably before they surge in value. One asset that is accessible and affordable to many is silver coins, which Kiyosaki predicts could potentially double or even triple in the future.
It’s regrettable to bring this up, but the financial catastrophe that Jim Rickards, Jim Rogers, Ray Dallio, and I have been cautioning about appears to be underway. Remarkably, even with minimal resources, you could potentially benefit from this downturn.
— Robert Kiyosaki (@theRealKiyosaki) November 10, 2024
Currently, it is worth $30 per ounce, he said, which is approximately 50% below its all-time high.
Kiyosaki discloses his Bitcoin holdings as BTC surpasses $79,000
Over the course of the last four years, as I’ve observed from his tweets, the author of “Rich Dad Poor Dad” has expressed a strong belief in three primary safe-haven assets: Bitcoin, gold, and silver. In my past posts, Kiyosaki has shared that he seizes opportunities to purchase these assets when their prices experience a dip.
On Saturday, he posted on Twitter that he was still purchasing Bitcoin as its price surpassed $76,000. He shared that he currently held 73 Bitcoins and aimed to increase his holdings to 100 Bitcoins within the next year.
Today, the world’s leading cryptocurrency, Bitcoin, surged by approximately 4.75%, reaching an all-time high of $79,771. This upward trend was primarily fueled by the shift in U.S. political leadership and the subsequent 0.25% reduction in interest rates by the Federal Reserve. Currently, Bitcoin is being traded at around $78,902.
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2024-11-10 10:57