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

[tranthidung]

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.

Bank crisis are everywhere, in many nations and I can call it as a global bank crisis. The pandemic uncovered secrets behind bank systems and government-based finance. They can print as much paper money as they want that is no difference than crypto minting without backed-assets.

Sooner or later, people will realize that the global economy is totally based on shit fiats and is backed by doubts. Sooner or later, the crisis will come. In my forecast, it takes time for the pandemic to destroy global economy, maybe after 1 or 2 years since its ending. I think that such a crisis will occur next 3 to 4 years guys.

[Shimmiry]

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.

It's possible to experience world without fiat currencies, but it's unlikely to happen. US Dollar is the most dominant fiat around the world. But it does not mean that without it's store of value, their are other fiat currencies that can took place over USD like Euro.
So basically, the world does not fully depend on US Dollar.

[AicecreaME]

I think this is a nice idea since the bitcoin is an investment althouh it's somehow risky since its price varies over time. But during this pandemic, it's a worth it decision since the economy of most countries is not in good shape because of loans and having more withdrawals in banks rather than deposits.

Another thing is that bitcoin is performing great amidst the pandemic, hence, it's a good decision to invest in an asset that would not lose its value while the rest of the word is at the edge. The end of this pandemic is not yet certain since there's still no vaccine produced. Because of this, majority of countries economy would collapse and eventually, the value of fiat would decrease.

By then, bitcoin would be the reliable escape for the investors to make more stream of income.

[LogitechMouse]

I've seen this too but from different news site.

I'm happy that Kiyosaki is somewhat promoting Bitcoin, Gold and Silver and we are being pushed to invest into these assets instead of just putting our money into the banks. What he is saying is true. Banks are going down, Buffet dumped some of his bank stocks to invest in gold mining stocks.

For me, investing into these assets will protect your future compare to just holding your money and in the future it will be eaten by inflation. I've been investing in Bitcoin for quite some time already but not on Gold on Silver unfortunately.

[minairia3]

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.

I cant say if his only telling this probably right after he bought some bitcoin during the last crash when covid19 started. I read the post during that time and I am neutral on what he says. Im a fan as well but this could attribute to a shill. Whatever the case, banks will still continue to be devastated by inflations resulting from the crisis and held business to bankruptcies.

Bitcoin however is a secret pathway to securing the funds. Yes many says its not a safe grounds but look what happened. It is continue to rise in spite of world crisis.

[Jawhead999]

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.

I don't think it will happen, we're still need fiat even though the rate/price is dropped very low because this crisis.

1. All merchant, groceries, regulation and all of them accept fiat
2. Your salary/wage will be credited to your bank account or directly payed.
3. Easy to use, safe, and can't get hacked. Unlike bitcoin you need to be carefully before do something (check multiple times the address before send, never share your private key, your account on third parties can be hacked)

[Sanugarid]

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.

The world is on fire right now, we are all struggling to survive each day from the disease and he sees what may happen in a few years if this continue as WHO already stated that the pandemic might go long for over 2 years not counting the start when they declared the pandemic. Kiyosaki's point is right and wrong, it depends on how people will view the aspect of investing, in terms of safety investing bitcoin was never an option due to its volatility but if the price keeps increasing then the only way to survive this is investing virtually. Glad that he did not set the gold, and other tangible asset off of his grid, those asset will be valued forever.

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

Any man's word in a big world impacts a lot, better to choose who you listen to, if you listen to Warren expect your life to be miserable lol

[hatshepsut93]

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.

When Bitcoin is in bull market, celebrities and influencers start promoting because it makes them look like they are genius investor advisers, and it makes them get more followers. This is how John McAfee became a huge shitcoin shill - he was just at the right place at the right time - the 2017 bull run. Had he tried to shill at some other time, he wouldn't get so influential.

[ChrisPop]

Precious metals are proven to be somehow safe store-of-values. Bitcoin is also 11 years and still going strong.
In summary, everything that is scarce and used in some way should be a good investment especially in times of uncertainty.

Don't forget, only 21M BTC max supply from which a few millions are already lost in the cyberspace.

[DeathAngel]

So many people have mocked bitcoin over the years & doubted the power of decentralised money. They will learn to regret their attitude if they don’t already. Fiat currencies are crumbling in front of our eyes.

Bitcoin is the future.

[bL4nkcode]

Its not about promoting and shilling to get what he wants, its about awareness to people for the monetary systems such USD is now grumbling and is crashing.

[Harlot]

For those of you who don't know Robert Kiyosaki has been known to publicly support Bitcoin since 2017 and during that time he also publicly says that fiat currencies particularly the US dollar will collapse, but what can we get from it? None because Robert Kiyosaki's reputation as a good investor has been destroyed ever since he declared for bankruptcy for his company. Now I only think of why he is tweeting his support to Bitcoin because he is just using the millions of followers he still has and is hoping that he can hype things up because he is holding a considerable amount of Bitcoin on his side. Anyone who has a big amount of follower is doing that, they aren't really saying investment advice but they are hoping that the people reading them can make them more rich not the other way around.

[Ryker1]

Well, good thing Robert Kiyosaki supports bitcoin. He is a good writer about financial advice and it advocates the importance of financial literacy. Overall, bitcoin and financial advice were in collaboration with each other because bitcoin may consider as a good asset. Millions of supporters by him made the bitcoin becomes hype and this will help to have a bullish trend in the market. I have an insight that bitcoin in the future will become the main valuable asset of all investors and the stock market and precious metals were in the second option.

[BuNga_cute]

Totally agree that a bank crisis will occur across the country, because the COVID19 pandemic makes it difficult for many people to pay off
loan money to banks. In fact, many millionaires have withdrawn deposits in banks to transfer to assets such as Gold and Bitcoin. Now this is
the most appropriate moment buy Bitcoin, before it actually becomes a reality the bank is in crisis. Because the price of Bitcoin will definitely
be very expensive if it is a bank experiencing a crisis. So it is worth buying Bitcoin now.

[Sebas.tian]

Basically we always had different new crisis from the Banks and this won't be a total different type. Believe me, the Banks won't close their businesses but will adjust their operations to fit into the new era of cryptocurrency. Robert K had figure it out that the forthcoming Bank crisis will be more disastrous than before, so, let anyone who can buy Bitcoin do before its too late, am happy to be part of this movement.

[sheenshane]

IMO, I will consider Roberts' advice as realistic advice, just because nobody knows what's gonna happen next.

Besides fiat can't' level its value to cryptocurrency and the only crypto is the worth investment at the moment. If the banking crisis uprises to different countries then it is difficult to find a worthy investment that only yourself can take care of it.

This could belong to the awareness of those people who didn't know yet Bitcoin in their country. All Robert Kiyosaki's books are very interesting to read and this might have an influence to the people who want to learn Bitcoin and the technology behind it.

[Vatimins]

     The problems mentioned are so real that a lot has already been experiencing the effects of these problems which then pushes almost everyone to look for better alternatives to protect their assets or to gain better profits. Whatever the case, the fact still remains; bitcoin cannot be you main investment. It can be good though but not as much as solid investments that you can still turn to if worse comes to worse. Bitcoin should be the last option and only have a portion of your overall investing plans instead of bed ng the primary. At least that's what I believe.

[thesmallgod]

Kiyosaki is a strong supporter of bitcoin and he has never been shied away from telling people to invest in bitcoin and other assets. The global pandemic has put everyone in deep shit and banking and other financial services are not left out. If the bank finally collapses has he has said due to inflation etc. digital currency like bitcoin can be the saving grace for people that have the foresight. However, we must certainly not forget that crypto investment involves a lot of risk due to high volatility

[hulla]

The pandemic caused alot of damage to the world economic and the institutions but it atleast unleashed cryptocurrency potential to the world. Nevertheless, I like the fact that Kiyosaki dont join the association of influential/celebrity that secretly follow bitcoin and still say negative thing about bitcoin and if the banking crisis happen alot of people will choose crypto and gold but it still does not guarantee their investment is secure if they dont take their time to understand crypto concept.

[mardaed]

       
a good choice if we bought bitcoin before the bank was in really bad shape. if the bank experiences a downturn and the dollar price is getting lower, bitcoin will experience a very high price increase. investors will hunt bitcoin, if this happens then our opportunity to buy bitcoin at a low price will not meet again.
a person who has held a very large amount of bitcoin at this point is getting ready to become the very lucky person in the crypto world.

What you are saying right now is really making sense. During this pandemic, people are constantly using their assets to sustain their needs and making investment is a big question since there is a global crisis, where economy are mostly down. That is why Bitcoin is what seen as the optimal alternative for the many.