Robert Kiyosaki warns followers about traditional currencies through his financial advice about investing in alternative wealth forms, including metals and crypto assets.
According to the author of “Rich Dad Poor Dad,” silver represents his main holding for short-term investment purposes.
Kiyosaki remains devoted to informing his followers since “many, many years ago” to avoid holding “fake” government-issued money through FIAT. The author has promoted people to save authentic gold and silver coins for multiple years, while also recently advocating for Bitcoin. btc -3.35% Bitcoin. The majority of employees dedicate their work hours toward obtaining worthless money.
The Rich get RICHER
Throughout the years, I have encouraged people to stop storing FIAT government money deposits. Savers have received two of my recommended investments in real precious metals over the years, which I expanded to Bitcoin recently.
According to Kiyosaki, the traditional currency savers see diminishing value because he refers to this effect as “government theft known as ‘inflation.’” According to him, the follower base needed to acquire gold and silver, together with Bitcoin, to protect against the devaluation of their money.
Kiyosaki expresses enthusiasm for silver.
During his interview, Kiyosaki showed special optimism regarding silver’s performance in terms of both short-term and medium-term outlook. The current price of silver amounts to $35 per ounce. According to him, silver should reach $70 per ounce this year, with a potential price of $200 within the following two-year period.
According to the financial educator, all people possess ownership of at least one silver coin today, yet these assets will lose value tomorrow.
The March 24 tweet of his addressed psychological reasons that stop people from buying Bitcoin alongside other assets.
The common experience of FOMO, or Fear Of Missing Out, is known by almost everyone today.
Impoverished individuals fail to escape their financial situation primarily because they fear making errors, known as FOMO.
The common acronym FOMO refers to Fear Of Missing Out, which many people have experienced. Because of their fear of making mistakes, poor people generally stay in their current financial situation, Kiyosaki explained in this writing. Bitcoin presents an opportunity for everybody to achieve financial prosperity, yet people who worry about mistakes will let this chance slip away.
According to Kiyosaki, the FOMO crowd that buys Bitcoin will drive toward significant financial gains. Yet, the FOMo crowd will delay opportunities until Bitcoin exceeds $200k in 2021 before declaring it is too expensive.
The economic writer stressed to his readers that they should follow innovative thinkers with positive and negative views about Bitcoin. According to his suggestion, readers should track the activities of Jeff Booth and Michael Saylor alongside Samson Mow.
