According to Kiyosaki, Bitcoin (BTC) is among assets likely to protect wealth, but he warned in the event of an economic crash, the asset wouldn’t act as a buffer for incomes, he said in a tweet on October 13. In this line, the author recommended looking for a side hustle to act as a source of extra income if the economy collapses.
Caution against real estate investments
At the same time, Kiyosaki cautioned against investing in real estate, noting that taxes are likely to be raised with properties depreciating in value in the wake of hiking interest rates. Kiyosaki’s latest view aligns with his long-standing opinion that the economy is bound to crash in the near future, blaming the Federal Reserve policies for containing the skyrocketing inflation.
Potential dollar crash
As reported by Finbold, Kiyosaki has advocated for precious metals, suggesting that the dollar will likely crash in early 2023. However, he pointed out that silver might be a better alternative for the dollar while projecting the metal will rally to $500. Furthermore, Kiyosaki opined that trust in traditional finance investment products has been questioned with the global central banks’ initiatives to handle inflation. Consequently, he has termed cash, stocks, and bonds‘ toast’. Disclaimer: The content on this site should not be considered investment advice. Investing is speculative. When investing, your capital is at risk.
