Key Takeaways
- Kiyosaki is well-known for his dislike of fiat currencies and preference for equities, real estate, and metals as a store of wealth.
- The asset class doesn't matter to Kiyosaki; what matters is that you buy something.
- In a March podcast episode dedicated to Defi, he expressed his views.
Earlier this week, the multimillionaire businessman and novelist took to Twitter to deliver a dire warning.
Because of Trump's presidency and Evergrande's debt, he issued an exceedingly gloomy prediction for the world financial markets.
There’s a financial crisis in the United States government; a real possibility that the government may shut down.
On the Democratic side, Republicans are held responsible for the current situation.
Evergrande, China's largest real estate developer, has run out of cash and has plans for 800 projects in 200 cities.
Is your point being communicated? Before the greatest market crash in history, get your hands on some gold, silver, Bitcoin, and Ethereum.
Fiat currencies, according to Kiyosaki, are a bad investment because of the high rate of inflation. He prefers equities, real estate, and precious metals as a better long-term investment.
He included Bitcoin in his portfolio a while back and even contemplated purchasing additional when BTC was at its lowest point this year.
However, this is the first time Kiyosaki has suggested Ethereum as a safe-haven asset.
The price of Ethereum fluctuates more wildly than that of Bitcoin in the near term. On the whole, however, it's moved in lockstep with Bitcoin's price.
For Kiyosaki, it doesn't matter whatever asset class he invests in. Aside from that, all he wants is to stave off the eventual demise of fiat and the old monetary system.
This was something on which he spoke in March in an edition of his podcast that centered on Defiant. In addition, he said that he had a stake in Ethereum.
To avoid further escalation," he said, "I'm simply glad that I have a lot of precious metals in my possession."
It seems like Peter Schiff and Max Keiser are always debating about the relative merits of gold and silver.
Take advantage of the current low prices by stocking up while supplies last. It's game over for us.
We're in deep trouble as a country. So much debt is piling up right now that it's like trying to stay afloat in quicksand while discussing commodities like gold and silver and Bitcoin. Just make a purchase."
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