Best-selling author tells people to get more bitcoin ahead of ‘global crash’

In his Twitter post on Tuesday, Robert Kiyosaki, an American businessman, and best-selling author said he is picking bitcoin, along with precious metals gold and silver as a hedge against everything else.

Kiyosaki is predicting a global crash of epic proportions to come and has given a piece of advice, saying the best time to prepare for a crash is before it happens. He also added that in the face of all these, there is good news, as the best time to get rich is during a crash.

“Bad news is the next crash will be a long one. Get more gold, silver, and bitcoin while you can. Take care,” the controversial “Rich Dad, Poor Dad” author said.

Known to be a long-time crypto proponent, Kiyosaki has previously voiced his opposition to the macroeconomy.

Kiyosaki’s stand on bitcoin prices

Earlier this month, the author said he expected bitcoin to fall as low as $24,000. On June 19, he used his Twitter account to say that the biggest bubble in history is getting bigger, claiming that he was already buying gold and silver and was waiting for lower bitcoin prices.

Such sentiment is just the same as that of Guggenheim Partners CIO Scott Minerd, the one who called for a 40% drop in prices of the largest cryptocurrency by market capitalization back in May 2021.

Kiyosaki remains bullish

The businessman remains a long-term Bitcoin bull and is just one of the many individuals who have set a high target for crypto.

Earlier this year, during his interview with news channel Kitco, Kiyosaki said, “I think it’s going to $1.2 million in five more years,” speaking about bitcoin price.

During that time, he claimed to have bought bitcoin at a price of $9,000 and felt like a genius when the asset reached $55,000.

 

Image courtesy of Cointelegraph News/YouTube

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