Robert Kiyosaki Names Tell-Tale Signs That It's Time to Buy Bitcoin

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Sun, 05/24/2020 - 18:40
Alex Dovbnya
‘Rich Dad, Poor Dad’ author Robert Kiyosaki continues to predict the collapse of the global economy, which is why he encourages his followers to buy Bitcoin
Cover image via U.Today
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Robert Kiyosaki, the author of international bestseller ‘Rich Dad, Poor Dad,’ has once again asked his followers to buy Bitcoin and precious metals (silver and gold) in a viral tweet.

He says that dominos are ‘starting to fall’ amidst the ongoing crisis, which is why he expects investors to flock to the aforementioned assets.

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The collapse is about to begin 

According to Kiyosaki, the Mall of America, the biggest shopping center in the U.S., is one of these metaphorical dominos. 

The Minnesota-based shopping hub has already missed the second payment on its $1.4 bln mortgages. The company blames it on its pandemic-related hardships. It will not be able to reopen its doors until the start of June.  

He also recalled the prediction made by the Internationally Monetary Fund (IMF) that the global debt is going to skyrocket to $66 bln by the end of this year. 

Back in April, the organization predicted its worst economic downturn since the Great Depression.         

As reported by U.Today, Kiyosaki also forecasted that major tax-burdened American cities could go broke.   

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Coming out on top 

Kiyosaki’s personal career wasn’t without rough patches. Back in 2020, he made headlines when his company Rich Global LLC filed for bankruptcy eight years ago. Just to be clear, that’s the company that was supposed to create wealth.

While Kiyosaki’s reputation of a financial guru took a significant hit because of this fiasco, some praised him for adopting a strategic approach to dealing with his failed business. The $80 mln net worth of the Japanese American remained untouched since he didn’t go bankrupt personally.

Recently, the famed author predicted that the price of Bitcoin could go to $75,000 in the next three years. If that’s the case, Kiyosaki will certainly be celebrated for promoting crypto to his followers.  

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About the author

Alex Dovbnya (aka AlexMorris) is a cryptocurrency expert, trader and journalist with extensive experience of covering everything related to the burgeoning industry — from price analysis to Blockchain disruption. Alex authored more than 1,000 stories for U.Today, CryptoComes and other fintech media outlets. He’s particularly interested in regulatory trends around the globe that are shaping the future of digital assets, can be contacted at alex.dovbnya@u.today.

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