The author of the best-selling personal finance book Rich Dad Poor Dad, Robert Kiyosaki, is warning of gloomy economic prospects ahead.
Kiyosaki tells his 2.4 million Twitter followers that the economy will eventually witness a crash landing.
According to Kiyosaki, the assets to own as insurance against the bleak economic future he has predicted are Bitcoin (BTC) and the two best-known precious metals.
“Soft landing? Hard landing? Or crash landing? I say crash landing. I hope I am wrong yet that is what I believe. Corruption is high and leaders corrupt. Buy gold, silver, Bitcoin. Still best insurance against corruption and incompetence.”
Earlier this month, the Rich Dad Poor Dad author warned that the rise in US Treasury Bill yields was an indication of a looming recession and that Bitcoin, alongside gold and silver, offered the best hedge. At the time, Kiyosaki also sounded the alarm on the global banking system as he wondered whether it was collapsing.
Kiyosaki, who has long been bullish on Bitcoin, predicted in April that the flagship crypto asset would surge to $100,000. According to the author, Bitcoin will emerge as an attractive investment due to concerns about the devaluation of the US dollar and the health of the banking sector.
Bitcoin is trading at $26,820 at time of writing.
Don't Miss a Beat – Subscribe to get email alerts delivered directly to your inboxGenerated Image: Midjourney