Robert Kiyosaki Says ‘We Are in Biggest Bubble in World History’ — Warns Government Will Seize All Cryptocurrencies

The well-known creator of the best-selling guide Rich Dad Poor Dad, Robert Kiyosaki, has made some gloomy predictions concerning the economic system and the way forward for cryptocurrency. Besides warning that we’re within the largest bubble in world historical past, Kiyosaki has predicted that the federal government will seize all cryptocurrencies.

Robert Kiyosaki Warns of the Biggest Bubble, Depression, Hyperinflation

The creator of Rich Dad Poor Dad, Robert Kiyosaki, has made a number of gloomy predictions and bleak warnings over the previous couple of days.

Rich Dad Poor Dad is a 1997 guide co-authored by Kiyosaki and Sharon Lechter. It has been on the New York Times Best Seller List for over six years. More than 32 million copies of the guide have been offered in over 51 languages throughout greater than 109 international locations.

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

The well-known creator proceeded to warn that we’re within the largest bubble in world historical past, citing bubbles in shares, actual property, commodities, and oil. As far as the long run outlook, he warned about hyperinflation and a melancholy. Kiyosaki tweeted:

We are in largest bubble in world historical past. Bubbles in shares, actual property, commodities & oil … Future? potential melancholy with hyperinflation.

He then defined that his plan B is to “be an entrepreneur.” Specifically, “keep out of [the] inventory market, create personal property, [and] use debt as $,” he wrote.

This will not be the primary time that the well-known creator warned a few melancholy. In December final yr, he equally predicted {that a} melancholy is coming.

Kiyosaki usually tweeted blaming President Joe Biden, his administration, and the Federal Reserve for top inflation and destroying the U.S. dollar. Last week, the Rich Dad Poor Dad creator suggested traders the way to profit from inflation and make investments like a capitalist.

Kiyosaki Warns About Government Seizing All Cryptocurrencies, Absorbing Into ‘Fed Crypto’

Until Tuesday, Kiyosaki had been bullish on bitcoin. He usually beneficial buying gold, silver, and bitcoin as a hedge towards inflation

However, he tweeted Tuesday morning that he expects the U.S. authorities to grab all cryptocurrencies.

He defined that after President Biden signed an executive order regulating cryptocurrencies, the subsequent step could be to launch a “Fed crypto.” After that, he believes that each one cryptocurrencies will likely be seized and folded into the federal government crypto. “Bye-bye bitcoin,” he wrote.

Kiyosaki’s crypto prediction has been closely criticized within the crypto group, with many individuals stressing that he ought to have waited to see what’s truly within the govt order earlier than speculating recklessly on it.

Many individuals suppose that President Biden’s govt order is very positive for the crypto business. Jerry Brito, govt director of D.C.-based suppose tank Coin Center, commented:

The message I take from this govt order is that the federal authorities sees cryptocurrency as a reliable, critical, and essential a part of the economic system and society.

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