Robert Kiyosaki, the famous author of the best-selling book “Rich Dad Poor Dad” predicted the end of the dollar. Furthermore, he stated that the Russian-Ukrainian war has made cryptocurrencies a “safer haven asset than counterfeit government fiat.”
Robert Kiyosaki on War and Bitcoin
“Rich Dad Poor Dad” author Robert Kiyosaki discussed bitcoin, the Russian-Ukrainian war and the end of the dollar in a series of tweets on Tuesday.
Rich Dad Poor Dad is a 1997 book by Kiyosaki and Sharon Lechter. It has been on the New York Times bestseller list for over six years. The book has sold over 32 million copies in over 51 languages in over 109 countries.
Citing Bitcoin as a lifeline for many Russians after the collapse of the Russian ruble, he wrote: “The Ukrainian/Russian war has made cryptocurrencies a safer haven than government fake fiat currencies.”
Kiyosaki also tweeted on Monday that the Biden administration and the Fed “hope that inflation will pay off trillions of dollars in debt,” suggesting:
[The] The best investment is probably to stock up on products you will use all the time, such as toilet paper, trash bags, canned food, frozen food, gold, silver, bitcoin.
He explained this further in another tweet about investing in oil. “I don’t invest in oil companies like Mobile or Exxon. I invest directly in oil wells. Higher risk comes with higher returns. The tax benefits are fantastic. The well appeared. The rich got richer and the poor suffered,” the famous writer wrote.
Last week, Kiyosaki warned that “we are in the biggest bubble in the history of the world” and that the U.S. government will seize all cryptocurrencies. He predicts that the government will regulate the crypto industry and then introduce “Fed Crypto.” Ultimately, Kiyosaki said, all cryptocurrencies will be confiscated and folded into government cryptocurrencies.
His predictions were heavily criticized on social media, with many telling him that not all cryptocurrencies can be confiscated. For example, decentralized cryptocurrencies, such as Bitcoin, cannot be confiscated in the network, and it will be difficult for governments to track down self-custody cryptocurrencies.
Kiyosaki discusses end of dollar
Kiyosaki also discussed the end of the dollar on Tuesday. He pointed out that America’s hegemony is ending and America’s status as a world power is declining.
As evidence, the Rich Dad Poor Dad author cites news that Saudi Arabia is considering accepting yuan instead of dollars to sell Chinese oil.
Since the start of the war between Russia and Ukraine, some have spoken openly about the dollar losing its dominance, including veteran investor Jim Rogers, who co-founded the Quantum Fund with billionaire investor George Soros. “What’s happening with the dollar right now is the end of the dollar because international currencies are supposed to be neutral, but in Washington, they’re changing the rules now,” Rogers explained.
What do you think of Robert Kiyosaki’s prediction? Let us know in the comments section below.
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