Robert Kiyosaki, the renowned investor, financial guru, and author, has called for yet another financial crash in his latest post on X, indicating that private credit funds are panicked, with investors pulling out funds.<\/p>\n
He outlined his strategy during such a time of distress, and doubled down on the assets he wants to continue buying.<\/p>\n
After rightfully predicting the major 2008 banking crisis, the author of a few New York best-selling books has been frequently forecasting even more painful crashes. In his latest warning on the matter, he noted that the \u201ccrash accelerates,\u201d which is evident from several factors:<\/p>\n
\u201cPrivate credit funds are panicked as investors withdraw their money. Major big-name banks and brand-name financial institutions are in trouble.\u00a0Jim Rickards formally declares the US in the New Depression.\u201d<\/p>\n
These developments could only worsen if the situation in the Middle East continues for weeks or even months. As such, he asked his over a million followers on X, \u201cWhat are you going to do?\u201d<\/p>\n
His strategy is quite promising, as he plans on \u201cgetting richer\u201d and refuses to be the \u201cvictim who gets poorer.\u201d Additionally, he laid out the financial assets he plans to continue accumulating to help him achieve his goal \u2013 oil, silver, gold, Bitcoin, and Ethereum.<\/p>\n
He added that smart money is getting richer and stupid money is running like the \u201cproverbial chicken with its head chopped off.\u201d Kiyosaki concluded<\/a> that this is not the time to be a \u201cheadless chicken.\u201d<\/p>\n After bashing the crypto industry for a few years, Kiyosaki changed his tune during the COVID-19 crash and has become a vocal proponent, especially for BTC and ETH as of more recently. However, his latest remarks on the matter have stirred some controversy<\/a>, especially the lack of consistency in his claims about whether he stopped buying bitcoin.<\/p>\n In one post, he noted that he hasn\u2019t bought any BTC at prices over $6,000. In many others, though, he indicated on social media that he was purchasing more bitcoins when the asset traded well within five or even six-digit territory.<\/p>\n Nevertheless, he has asserted<\/a> on a couple of occasions that he believes bitcoin is a better investment tool than gold.<\/p>\n The post \u2018Crash Accelerates,\u2019 Says Robert Kiyosaki as He Continues Buying BTC, ETH, and More<\/a> appeared first on CryptoPotato<\/a>.<\/p>","protected":false},"excerpt":{"rendered":" Robert Kiyosaki, the renowned investor, financial guru, and author, has called for yet another financial crash in his latest post on X, indicating that private credit funds are panicked, with investors pulling out funds. He outlined his strategy during such a time of distress, and doubled down on the assets he wants to continue buying. […]<\/p>\n","protected":false},"author":0,"featured_media":142287,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[],"class_list":["post-142286","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-discovery"],"_links":{"self":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts\/142286"}],"collection":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"replies":[{"embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=142286"}],"version-history":[{"count":0,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts\/142286\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/media\/142287"}],"wp:attachment":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=142286"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=142286"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=142286"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}Recent Bitcoin History<\/h2>\n