Robert Kiyosaki, the author of the book Rich Dad Poor Dad on personal finance, said that even if the Federal Reserve plans to print more money, investors still have a chance to get rich well into the future.
According to Kiyosaki, if the Fed changes monetary policy to avoid the impact of additional money printing, Bitcoin (BTC) holders will likely get richer, he said in a Dec. 9 tweet. The author added that alongside Bitcoin, precious metals like gold and silver are likely to return more value rather than saving money. Interestingly, Kiyosaki warned that pensions could skyrocket, declaring the situation is the “next global Lehman“. Which partly contributed to the recession.
Kiyosaki has persisted in predicting a devastating market crash while criticizing the Federal Reserve for how the organization handled inflation. In April, he noted that if inflation is unchecked, it could wipe out about 50% of the United States. The population of the United States. Meanwhile, the author argued that cryptocurrencies and precious metals could offer a haven. Despite the maneuvering and sell-off in the cryptocurrency market, exacerbated by the collapse of cryptocurrency exchange FTX, Kiyosaki remained bullish. At bitcoin. According to Kiyosaki:
“I’m still bullish on bitcoin, but I think silver and silver ETFs are different. And bitcoin isn’t the same as Sam Bankman-Fried. The problem is FTX. Indeed, Kiyosaki believes that despite the crisis in the crypto sector, the development of FTX will not affect the future of digital currencies.”