Kiyosaki’s Bitcoin recommendation comes amid a high level of confidence that the US SEC will soon begin approving spot Bitcoin ETFs.
Popular Rich Dad Poor Dad author Robert Kiyosaki has made a wild prediction about the US economy. According to the businessman, the actions of the leaders of the United States appear to be driving its economy into depression, and, possibly, a war may even break out.
Kiyosaki shared his views in a recent X post where he compared President Joe Biden, Treasury Secretary Janet Yellen, and Fed Chair, Jerome Powell to three Stooges. The post read partly:
“DEFINITION of INSANITY is doing the same thing over and over again and expecting things to change.”
Robert Kiyosaki Believes It’s Time to Get Smart and Rich
After comparing the leaders of the United States to Stooges who might have no clue how to run the nation’s economy, Kiyosaki further shared some investment advice with his followers. He explained that now may be the time to take advantage of Bitcoin, Gold, and the like. He wrote:
“Don’t be the fourth stooge. Buy gold, silver, and Bitcoin. Time to get smarter and get richer. Happy New Year.”
It might be worth mentioning that this is not Kiyosaki’s first prediction about the U.S. economy. As a fact, he has, on several occasions in the past, expressed concerns that the economy is headed into a danger zone shortly. However, his most recent call says that all signs point to how the next crash may turn into a full depression.
Kiyosaki also added that the next market collapse could be so big that it may deteriorate into a war. He cited that the reason is that millions of people will be faced with untold hardship, which is always a recipe for disaster as history has always proven.
To this end, the renowned investment advisor has shared that his Bitcoin tips may be the only way for people to protect themselves from the upcoming economic challenges.
Speculations Around Spot ETF Approvals
Kiyosaki’s Bitcoin recommendation comes amid a high level of confidence that the US SEC will soon begin approving spot Bitcoin exchange-traded funds (ETFs). As Coinspeaker earlier reported, citing inside sources, the approvals may come in as early as Friday. If this happens, trading is expected to resume on various stock exchanges by Monday. And, as widely predicted by analysts, the approval is set to send the BTC price to the moon.
Recall also that last November, Kiyosaki advised investors to get into Bitcoin before it gets too late. At the time, he predicted that BTC was headed for $135,000, adding that the asset would become invaluable once the Fed launched a central bank-issued digital currency (CBDC). From all indications, Kiyosaki’s investment recommendations look to have put all these into consideration before insisting on Bitcoin, Silver, and Gold, as a way of mitigating the effects of the hyperinflation that he foresees for the near future.
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