Rich Dad Poor Dad author Robert Kiyosaki is expecting the biggest crash in history to take Bitcoin (BTC) down along with other financial markets, but does think that this impending crisis will provide investors the “best time to get rich.”
In a new interview on Kitco News, the widely known author explains his take on the future of financial markets.
Kiyosaki believes that the massive amount of debt accumulated by countries around the world will trigger an unprecedented market crash that even hard assets like gold, silver, and Bitcoin won’t be able to avoid.
“This is gonna be the biggest crash in world history. We’ve never had this much debt pumped up. Debt is the biggest problem of all, but that’s called ‘M2,’ money supply, and the debt-to-GDP ratio is out of sight.
So when it comes down [and] brings everything down with it, that’s when I’m going to be buying more gold, silver, and Bitcoin.”
If his prediction plays out, Kiyosaki says that in the long run, the downturn will offer a lot of upside to those who are willing and able to invest.
“When markets crash, it’s the best time to get rich. So I’m getting very excited about a crash coming because the better stocks will come available…
Unfortunately, there will be massive social unrest. That’s what I’m more concerned about because we have not reinvested. The [Federal Reserve] and the Treasury have only invested in the investor class, [and not] the working class.”
IDon't Miss a Beat – Subscribe to get email alerts delivered directly to your inbox
Check Price Action
Follow us on Twitter, Facebook and Telegram
Surf The Daily Hodl Mix
Disclaimer: Opinions expressed at The Daily Hodl are not investment advice. Investors should do their due diligence before making any high-risk investments in Bitcoin, cryptocurrency or digital assets. Please be advised that your transfers and trades are at your own risk, and any loses you may incur are your responsibility. The Daily Hodl does not recommend the buying or selling of any cryptocurrencies or digital assets, nor is The Daily Hodl an investment advisor. Please note that The Daily Hodl participates in affiliate marketing.
Featured Image: Shutterstock/laskoart/Andy Chipus