The bestselling author of the popular book “Rich Dad Poor Dad” calls for protection from the crisis: Put your money in Bitcoin and gold!Aside from his business ventures, Robert Kiyosaki is best known for his book “Rich Dad, Poor Dad”. The book became a bestseller immediately after its publication and has sold over 32 million copies in more than 100 countries. He also predicted the 2008 financial crisis and criticized the US government’s countermeasures.He has recently warned that a new, much worse recession is imminent. He urges people to protect themselves. The prominent businessman and author advises that one should avoid saving fiat money. Instead, you should focus on accumulating more gold (God’s money) or Bitcoin (people’s money) and not fiat money, which you can reprint an infinite number of times.
The biggest problem: Infinite fiat money
Kiyosaki referred to the recent US stimulus package, which totaled $ 6.2 trillion. In the past few weeks, the United States Federal Reserve has done everything in its power to ward off the negative economic and financial effects of the coronavirus crisis.
The central bank put $ 1 trillion in the repo market every day ($ 60 million a minute) to keep the financial system afloat, it started buying billions of dollars in bonds to fund businesses, and she has quickly lowered its key interest rate to 0%.
Bitcoin, the people’s money
Robert Kiyosaki urged his followers to purchase the digital currency because of the many advantages it offers. Since the emergence of Bitcoin, it has been accepted by both individuals and large organizations worldwide as a means of settlement and as a store of value. In addition, Bitcoin is limited to 21 million pieces and is therefore a scarce digital asset.