‘Rich Dad’ author Robert Kiyosaki recommends bitcoin investment ahead of ‘biggest crash in history’

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Robert Kiyosaki, a well-known investor and author of the “Rich Dad” series of personal finance books, is another financial man who supports investing in cryptocurrencies, as well as gold and silver.

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In several tweets over the past few weeks, Kiyosaki has boasted about his preference for these investments, even saying: “Get gold, silver, bitcoin, ethereum before the biggest crash in history.”

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He later tweeted that he did not plan to sell any of his bitcoin, gold or silver holdings because he had “a lot of cash.” However, he even added an October date to his forecast, making timing critical:

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While Kiyosaki’s views may seem borderline — even alarmist — his thoughts on cryptocurrencies may be worth considering. Despite 32 crypto hacks so far in 2021, resulting in losses of $2.99 ​​billion, and two of the largest hacks in crypto history in the past three months, coins like Bitcoin and Ethereum continue to gain steady gains. value. Just today, the value of Bitcoin crossed $50,000.

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Likewise, some well-known investors are diversifying their portfolios by investing in gold. Palantir Technologies, led by Peter Thiel, recently purchased $50 million in bullion as a hedge against inflation. In the first six months of 2020, gold rose in value from $1,509 to $1,772 an ounce amid stock market uncertainty due to the COVID-19 pandemic, Yahoo Finance noted. Likewise, silver prices have risen 30% over the past two years.

If investing in cryptocurrencies or gold or silver seems too risky or complicated, experts recommend investing in stocks associated with these assets. Tesla’s investment in Bitcoin, for example, pegged the electric car maker’s stock to the cryptocurrency’s value. PayPal has a feature that allows users in the US and UK to buy, sell and hold cryptocurrencies within its platform. Yahoo Finance writes that products from graphics processing unit maker Nvidia are in high demand among crypto miners.

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ETFs and investments in gold mining companies allow you to take advantage of rising gold prices without having to buy, store and protect bullion.

Last update: October 5, 2021

About the author

Dawn Allcot is a full-time freelance writer and content marketing expert with a strong interest in finance, e-commerce, technology and real estate. Her long list of publishing credits includes Bankrate, Lending Tree, and Chase Bank. She is the founder and owner of GeekTravelGuide.net, a travel, technology and entertainment website. She lives on Long Island, New York and owns a veritable zoo that includes 2 cats, a grumpy kitten and three lizards of varying sizes and personalities – as well as her two children and husband. Find her on Twitter, @DawnAllcot.

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