Bestselling author Robert Kiyosaki chooses Bitcoin, gold and silver as his preferred assets - in case the "everything bubble" bursts.
American businessman and best-selling author Robert Kiyosaki chooses Bitcoin as a hedge against everything else, in addition to the precious metals gold and silver. He writes this in a recent tweet.
The popular "Rich Dad, Poor Dad" author, whose book has sold nearly 32 million copies since its publication in 2002, has spoken out against macroeconomics before. Kiyosaki is a long-time crypto advocate.
But now, Kiyosaki says, a global crash of epic proportions is imminent. He writes:
"The best time to prepare for a crash is before the crash. The biggest crash in world history is coming. The good news is that the best time to get rich is during a crash."
"The bad news is that the next crash will be a long one. Get more gold, silver and bitcoin while you can. Take care of yourselves."
Bitcoin first to $24,000 - and then to a million?
Kiyosaki expects bitcoin to fall to $24,000.
"The biggest bubble in world history is getting bigger," he wrote on 19 June - and: He is already buying gold and silver and waiting for lower Bitcoin prices.
The best time to prepare for a crash is before the crash. The biggest crash in world history is coming. The good news is the best time to get rich is during a crash. Bad news is the next crash will be a long one. Get more gold, silver, and Bitcoin while you can. Take care.
The sentiment is similar to that of "Guggenheim Partners" CIO Scott Minerd, who predicted a 40% drop in bitcoin prices in May 2021. BTC traded at its peak of nearly $65,000 but has fallen as low as $28,000 in recent days.
"Rich Dad" author Kiyosaki, however, remains a long-term Bitcoin bull - and he is one of the many people expecting an overly optimistic price target for Bitcoin: In an interview with news outlet Kitco earlier this year, Kiyosaki issued a price target of up to $1.2 million for the world's largest cryptocurrency.
"I think it will go up to $1.2 million in five years," Kiyosaki said at the time. He also claims that he bought Bitcoin at $9,000 and "looked like a genius" when the asset reached $55,000 (the price of BTC at the time of the interview).