Robert Kiyosaki Says ‘We Are In The Biggest Bubble In World History’ – Warns Government Will Seize All Cryptocurrencies – Bitcoin News

Robert Kiyosaki, the famous author of the best-selling book Rich Dad Poor Dad, has made some gloomy predictions about the future of the economy and cryptocurrencies. In addition to warning that we are in the biggest bubble in the history of the world, Kiyosaki also predicted that the government will seize all cryptocurrencies.

Robert Kiyosaki warns of biggest bubble, depression and hyperinflation

“Rich Dad Poor Dad” author Robert Kiyosaki has made some gloomy predictions and bleak warnings over the past few days.

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.

On Tuesday, he tweeted to his 1.8 million followers: “Do you have a plan B?”

The famous author went on to warn that we are in the biggest bubble in world history, citing bubbles in stocks, real estate, commodities and oil. As far as future prospects are concerned, he has warned of hyperinflation and depression. Kiyosaki tweeted:

We are in the biggest bubble in the history of the world. Bubble in stocks, real estate, commodities and oil…the future? Depression that may be accompanied by hyperinflation.

He then explained that his plan B was to “become an entrepreneur.”Specifically, “stay away from [the] stock market, create your own assets, [and] Use debt as dollars,” he wrote.

This isn’t the first time a famous author has warned about depression. In December, he also predicted that the Great Depression was coming.

Kiyosaki has frequently tweeted accusing President Joe Biden, his administration and the Federal Reserve of high inflation and the destruction of the dollar. Last week, the Rich Dad Poor Dad author advised investors how to profit from inflation and invest like a capitalist.

Kiyosaki warns government to confiscate all cryptocurrencies and be absorbed by ‘Fed Cryptocurrency’

Until Tuesday, Kiyosaki had been bullish on Bitcoin.He often recommends buying gold, silver and bitcoin as a hedge against inflation

However, he tweeted Tuesday morning that he expects the U.S. government to seize all cryptocurrencies.

He explained that after President Biden signed an executive order regulating cryptocurrencies, the next step would be to launch a “Fed Cryptocurrency.” After that, he believes all cryptocurrencies will be confiscated and folded into government cryptocurrencies. “Goodbye Bitcoin,” he wrote.

Kiyosaki’s crypto predictions have been heavily criticized in the crypto community, with many emphasizing that he should wait to see what the executive order actually says before speculating recklessly.

Many believe that President Biden’s executive order is very beneficial to the crypto industry. Jerry Brito, executive director of the DC-based think tank Coin Center, commented:

My message from this executive order is that the federal government sees cryptocurrencies as a legitimate, serious, and important part of the economy and society.

Additionally, decentralized cryptocurrencies, such as Bitcoin and Ethereum, cannot be frozen or seized directly within the network. U.S. Senator Ted Cruz recently described: “One of the reasons I’m so bullish on Bitcoin is because it’s decentralized and uncontrollable.”

tags in this story

Biggest Bubble, Biggest Crash, Bitcoin Crash, Bitcoin Illegal, Bitcoin Confiscated, Oil Bubble, Real Estate Bubble, Rich Dad Poor Dad, Robert Kiyosaki, Robert Kiyosaki Bitcoin, Stock Market Bubble

What do you think of Robert Kiyosaki’s warning? Let us know in the comments section below.

Kevin Helms

As an Austrian economics student, Kevin discovered Bitcoin in 2011 and has been an evangelist ever since. His interests lie in Bitcoin security, open source systems, network effects, and the intersection between economics and cryptography.

Image Source: Shutterstock, Pixabay, Wiki Commons

Disclaimer: This article is for reference only. It is not a direct offer or invitation to offer, nor is it a recommendation or endorsement of any product, service or company. Bitcoin.com does not provide investment, tax, legal or accounting advice. Neither the company nor the author is responsible, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with the use of or reliance on any content, goods or services mentioned herein.

Leave a Comment