Robert Kiyosaki – founder of Rich Global LLC and Rich Dad Company – recently told his followers to invest in Ethereum ahead of “the biggest crash in history.” Thus, the author of the bestselling book Rich Dad Poor Dad added ETH to BTC, gold and silver as his favorite investment vehicles.
Kiyosaki’s Appeal: Invest in Cryptocurrencies
Millionaire businessman and author export His warning earlier this week on Twitter. He made a very pessimistic outlook for global financial markets, given the current state of US politics and Evergrande debt.
“US government money. Closure looms. Democrats blame Republicans for the problem. Evergrande – the largest real estate developer in China with 800 projects in 200 cities – from the money. Received the message? Get gold, silver, bitcoin and ethereum before the biggest crash in history. takes care.”
Kiyosaki is known for his distaste for paper currency due to its rampant inflation and his preference for stocks, real estate, and metals as a store of value. He has welcomed Bitcoin among those for a while and even considered buying more BTC during the most bearish point of the year.
However, this is one of the first times Kiyosaki has mentioned Ethereum as one of such a safe haven asset. Ethereum price tends to move more erratically than Bitcoin in the short term. However, it has generally followed the movements of the underlying cryptocurrency through time.
Stop Arguing, Start Buying, Says Kiyosaki
For Kiyosaki, the specific asset class in which he invests is almost irrelevant. His desire is simply to avoid the collapse of the traditional monetary system, which he sees as inevitable.
He expressed his feelings about this in March, during a Defi-focused episode of his podcast. He also said that he was personally invested in Ethereum.
“So I’m just thankful I have a lot of gold and silver and bitcoin and ethereum and I don’t get into arguments. Peter Schiff is always arguing about gold and silver and Max Keiser argues again, and I think, ‘Why are you guys arguing?’”
Just get as much as you can now because the government is corrupt. We’re screwed. Our entire economy is tight. We owe it deeply, it’s like drowning in quicksand properly arguing about gold, silver and bitcoin. Just buy something.”
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