Financial expert recommends people to hold Bitcoins for economic reasons

The car in the book “Rich Dad, Poor Dad”, Robert Kiyosaki, is in favour of re-buying bitcoins with. So, investors can save before the collapse of the economy “self”.

Best-selling author Robert Kiyosaki (“Rich Dad, Poor Dad”) reaffirms its view that the Bitcoin take the Gold and silver, exactly what should people buy, in order to achieve a hedge against the coming collapse of the world economy.

In a recent Twitter post to the Bitcoin Kiyosaki repeatedly apparently his previous justification for a Bitcoin purchase for anyone.

At the time, the author had expressed an ominous view. This is referred to as the Kiyosaki as “dying”. The rescue measures by the Federal Reserve in the trillion-Dollar-amount represented in turn, in its opinion, the inability of the FED. At the same time, he said the precious metal for the current year, an increase to a price above $ 3,000 per ounce before. The little “gold sister” silver will, in turn, increase within five years to US $ 40. The Bitcoin Kiyosaki within the next three years, said a price increase to $ 75,000 USD.

Kiyosaki called on the people in April already, to hoard Bitcoin in addition to metals as a safe haven. He also said the “U.S. debt to GDP ratio” is 110 % increased, so that the bankrupt US-industry inflated Dollar “life and the world economy, might blow up.”

He added that the Bitcoin for a key for the control of Dollar hegemony. This supremacy is the worst since the year 1971, since the currency of cumulative new debt. The well-known financial guru, says he could see Bitcoin, Gold and silver more as an insurance than as an Investment.

In his tweet from 19.05.2020 he expects bankruptcies of cities in the United States. A dependent on taxes and economic rescue packages could not keep the economy rise together to the rescue. Therefore, he calls on his Followers: “get Gold, silver and Bitcoins – Save yourself!”

Kiyosaki is one of the sharpest and most well-known critic of the actions of the US Central Bank, the produce, in his opinion, “incorrect Dollars”. Like other celebrities, the author warns protected against the accelerated decline of the economy and a growing recession.

Similar concerns also Tesla CEO Elon Musk, responded to JK Rowling’s Bitcoin Tweet said:

In comparison to the massive monetary emission by the Central Bank appears to be the Bitcoin-Internet money in a solid light.

Only a short time before hedge Fund pioneer and billionaire Paul Tudor Jones, had made his own Bitcoin purchases public, and described cash as a “wasted asset”. Also for him to set an example are crypto-currencies available to hedge against the threat of the “great Inflation” as a result of the rampant COVID ends-19 pandemic.