Buy Bitcoins before the upcoming banking crisis states author of Rich Dad Poor D

[fiulpro]

       
The author of *Rich Dad Poor Dad* has apparently publicly
supported the Bitcoins and at the same time he is giving advice to people to buy bitcoins before the upcoming banking crisis .

Now banks are in a really bad position right now , inflation rates are being apparently pushed by Fed , loans are rising , people are struggling to pay the debt off.

https://cointelegraph.com/news/buy-bitcoin-before-major-banking-crisis-rich-dad-poor-dad-author

-According to him Warren Buffet apparently have chosen  to dump the stocks , which will inturn cause the value to fall drastically , affecting the economic situation negatively.

-At the same time people are aware fo the fact that dollar is hitting lows , which would eventually be bad for the whole world , right now what we are seeing is a bubble waiting to burst .

-Having investments like Gold , Silver , Bitcoins would not only give the person a edge over the system , but their assets can also be protected.

........

What do you guys think ?
Is the decision worth it ?

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[In the silence]

       
The author of *Rich Dad Poor Dad* has apparently publicly
supported the Bitcoins and at the same time he is giving advice to people to buy bitcoins before the upcoming banking crisis .

Now banks are in a really bad position right now , inflation rates are being apparently pushed by Fed , loans are rising , people are struggling to pay the debt off.

https://cointelegraph.com/news/buy-bitcoin-before-major-banking-crisis-rich-dad-poor-dad-author

-According to him Warren Buffet apparently have chosen  to dump the stocks , which will inturn cause the value to fall drastically , affecting the economic situation negatively.

-At the same time people are aware fo the fact that dollar is hitting lows , which would eventually be bad for the whole world , right now what we are seeing is a bubble waiting to burst .

-Having investments like Gold , Silver , Bitcoins would not only give the person a edge over the system , but their assets can also be protected.

........

What do you guys think ?
Is the decision worth it ?

Kiyosaki is giving the signal of leaving the fiat before the other big fiat holders dump their paper money over Bitcoin and Gold.

Warren buffet will surely take some bitcoin pie after dumping his stocks over gold.

[CryptopreneurBrainboss]

Love the idea he has been preaching for a very long time now, since the start of the pandemic, his tweets always has a way of promoting bitcoin, this three assets (Gold silver and bitcoin) has been his pick for a safe investment. One thing I noticed about his tweets is he's not just saying this things for some cheap publicity stunt. Truely he's advising his viewing to get some of this asset which is a rare thing to see online this days.

Warren buffet will surely take some bitcoin pie after dumping his stocks over gold.

Not happening anything soon, I would say bitcoin is too high of a risk and speculative market for him. Warren didn't buy gold per se that's if I'm not mistaking, he bought shares. I think there's a difference.

[The Cryptovator]

Yes, I think the decision is worthy somehow. I have noticed a bank crisis in my country, more withdrawing than deposits. If that continues then most likely we will encounter a bank crisis of course. I think it would be the right decision to invest in assets that would be sold at any time without hassle and for me, bitcoin would be one of them. Because those are involved with cryptocurrency only they can realize the value of bitcoin and most likely they wouldn't put their money into other assets.

[sunsilk]

He's been telling people to buy bitcoin even before the pandemic. He's a known bitcoin investor and he's including it with the videos that I've watched he uploaded. We will see how many will listen to his advise as we're exempted to it because we already have bitcoin.

Warren buffet will surely take some bitcoin pie after dumping his stocks over gold.

Let's leave him as is.

He doesn't like bitcoin and he had told it before so unless there's new official word from bitcoin, let's take him as a known investor that's against to bitcoin.

[Slow death]

The author of *Rich Dad Poor Dad* has apparently publicly
supported the Bitcoins and at the same time he is giving advice to people to buy bitcoins before the upcoming banking crisis.

the problem of giving people advice to buy bitcoin is when those people who don’t like to do research and have no notion that it’s possible that the price will fall and for that reason it is necessary to know the ideal time to enter the market and what will be ideal time to sell lose money will start blaming this guy who gave them advice. I also gave some people advice to buy bitcoin when the bitcoin price was only $8000 and the bitcoin price dropped to $7000 and the ones I gave advice to start selling bitcoin and today we are seeing the price of  $11500

[Oasisman]

What do you guys think ?
Is the decision worth it ?

I guess the idea is great to avoid the deflation and massive downfall of the major currencies like USD.
I've read an article about companies that slowly putting their funds in Bitcoin as they have foreseen something that could save them from lossing huge amount of money when USD is experiencing a hard fall.
Btc has been one of the best performing asset since the pandemic, so it would be expected that a lot of people will engage into Cryptocurrency as much as Gold and Silver.
Therefore, this decision is worth it every single penny.

[DooMAD]

This seems to imply that the last banking crisis ended and that we're due for an entirely new and different one.  I'd argue it's been one long, ongoing crisis since the events that sparked the inspiration for Bitcoin's creation to begin with.  Over the course of the last 15-20 years, the banking industry and associated regulatory bodies have effectively shuffled the deck-chairs around on the Titanic.  The ship is still sinking, albeit more slowly due to the stalling tactics they've employed.  It's not a new crisis.  It's same shit, different year.

[Nellayar]

       
The author of *Rich Dad Poor Dad* has apparently publicly
supported the Bitcoins and at the same time he is giving advice to people to buy bitcoins before the upcoming banking crisis .

Now banks are in a really bad position right now , inflation rates are being apparently pushed by Fed , loans are rising , people are struggling to pay the debt off.

https://cointelegraph.com/news/buy-bitcoin-before-major-banking-crisis-rich-dad-poor-dad-author

-According to him Warren Buffet apparently have chosen  to dump the stocks , which will inturn cause the value to fall drastically , affecting the economic situation negatively.

-At the same time people are aware fo the fact that dollar is hitting lows , which would eventually be bad for the whole world , right now what we are seeing is a bubble waiting to burst .

-Having investments like Gold , Silver , Bitcoins would not only give the person a edge over the system , but their assets can also be protected.

........

What do you guys think ?
Is the decision worth it ?

Time will come, fiat currency will devaluate and cryptocurrency will become the primary currency that will take place fiat. As a pioneer of this system, I think this is our edge to others. However, we can take it as advantage if we had trust in cryptocurrency even there are ups and downs. But in my opinion, it is good to go with the flow. Because as economic crisis comes on, we are aware on how to dwell with these things. Let us be the rich dad and we should not be jailed on what is an orthodox right now because it might change when time comes.

[TopTort777]

Kiyosaki predicted bitcoin price of $50k by the end of this year. Now he warns about the crisis. What is going to be next ? He promotes his new book how to be happy and wealthy?

I’ve noticed more and more popular people and celebrities promote bitcoin, cryptocurrency or a service connected to it. This is either a beginning of a new era or they just shill.

[cheezcarls]

It was proven that anyone can have a change of heart, possibly Warren Buffett. The last time I remember about Warren Buffett is his dinner with Justin Sun of TRON foundation.

I applaud Robert T. Kiyosaki for supporting and investing into Bitcoin on top of gold, silver and real estate. I did read his Rich Dad Poor Dad book, and it was one of the reasons that changed my perspective in managing my finances. I also read other books such as Cash Flow Quadrant, Guide To Investing, The Business of the 21st Century and Before You Quit Your Job.

The economy collapsed, but Bitcoin and other cryptocurrencies are on the rise, and that’s why he encouraged his followers to put some of their funds into BTC. He can see that coming, and his advice are very helpful (I followed him on Twitter by the way).

[suzanne5223]

What do you guys think ?

I think this is an awesome statement coming from an influential and highly experienced finance person like Robert Kiyosaki and this is the second time he will publicly make a good statement about bitcoin which shows that he's truly crypto enthusiast.
In the meantime, we need more people that will truly tell cryptocurrency potentials to the world because most of the people believed we crypto communities add sugar to everything we say about crypto.
 

Is the decision worth it ?

It definitely worth it because bitcoin was introduced then by Satoshi as an alternative solution to the financial problems which the institutions and government were unable to fix and if bank crisis occurs a lot of people around the world will move to crypto.

[dothebeats]

Kiyosaki is not your average bitcoin shill that don't know much beyond bitcoin investing and managing their own finances. The guy speaks from experience and wisdom, and it's good that he's never biased on the same assets that brought him where he is right now and have accepted the fact that bitcoin and cryptocurrencies in general have their own space in the financial world--possibly even within the everyday lives of people. His well-received books by the masses and people within different circles says much about his knowledge, so you know that his advice regarding crypto isn't just a gimmick to inflate the value of what he's holding right now.

[NotATether]

I think he saw the storm approaching in the sky.

https://www.marketwatch.com/story/powell-to-speak-next-thursday-on-feds-new-inflation-friendly-strategy-11597951135

Fed expected to end the practice of raising rates at the first whiff of higher inflation, and allow inflation to run hot for a time

...

That’s when the Fed formally adopted a 2% inflation target. Since then, inflation has remained stubbornly below the target even as the economy was enjoying the longest expansion on record and the unemployment rate approached its lowest level in 50 years.

...

Under a new strategy, the Fed will allow inflation to run hot for a time — to make up for the time that inflation was below the 2% target. This policy is called “inflation-averaging.”

This was published two days ago.

Now, I know that not all cuts in interest rates are necessarily bad for the economy, and this cut by itself is not going to trigger obscene or even surplus inflation rates, but if this policy runs for too long then bad things are going to happen. And I really hope they put the lock back on the box once they reach their target, though I'm probably hoping in vain as according to the quote they are averaging the inflation out which will make it higher than the 2% rate.

[bitsurfer2014]

Buying BTC while economies in the whole world are on the verge of a crisis would be a brilliant idea since this covid-19 pandemic  could very well lead to a global economic meltdown that could drastically reduce the buying power of any fiat currency not unless its converted to Bitcoin and any other forms of crypto.

I guess it will not be surprising at all if investors would see BTC as a safe haven and as an alternative investment in order to diversify their portfolios  - fearing a stock market crash might occur anytime soon  due to this pandemic. Imho.

[slaman29]

It's actually not the first time he's posted his public support for Bitcoin tbh, and it's guys like him I guess who have helped fuel this current rally in 2020, talk about traditional investors now going into BTC and ditching the traditional systems that used to earn them lots of money, eh? More and more are coming, now it just needs Martha Stewart to say Bitcoin and we're in for a ride;)

[bitcoinisbest]

It's actually not the first time he's posted his public support for Bitcoin tbh, and it's guys like him I guess who have helped fuel this current rally in 2020, talk about traditional investors now going into BTC and ditching the traditional systems that used to earn them lots of money, eh? More and more are coming, now it just needs Martha Stewart to say Bitcoin and we're in for a ride;)

This is good to see the influencer or known personality prompting and accepting the bitcoin and this also helps to push the bitcoin in the world and in the country where the person it belongs too. Hope the demand continues to push the prices upwards and keep moving upwards and bitcoin in coming time become the mainstream as the payment options.

[kryptqnick]

I do expect a banking crisis and some might even go bankrupt with people (possible me or my close ones) losing their savings. And putting at least some of that money into Bitcoin makes sense because Bitcoin is not directly affected by the crisis. However, Bitcoin price can change significantly and decrease a lot if other markets start collapsing. The FUD can make the price collapse as well, so Bitcoin is also a risky choice. There's no safe bet, but if I had significant savings, I'd probably buy a flat or something like this because at least this way you have something useful you possess in the end, even if you cannot earn much by renting it or cannot sell it for the same amount you spent on buying it.

[molsewid]

What do you guys think?
Is the decision worth it?

Actually what he advises publicly to his follower has a good point. The whole world is at crisis now, the investor should consider buying bitcoin as a safe haven even if a little percent in their portfolios.

I think if many influencer advice like this in their social media we can achieve another all-time high price of bitcoin.

[Mulann2]

Reading news like this sometimes do scares me, and I usually think maybe things like this will only happen in years to come, because I can't imagine a world without fiat just crypto, it sounds like the future, i hope there won't be any major crisis that will affect people financially.