Rich Dad Poor Dad Author: Buy Bitcoin and Silver to Prepare for the Big Crash

Robert Kiyosaki, author of the well-known bestseller "Rich Dad Poor Dad", posted on his social media Twitter that as the US dollar depreciates, Bitcoin and silver are the best investments.

Robert Kiyosaki pointed out in an article on August 24 that Bitcoin is currently rebounding from a low level, gold is stagnant, and silver is 50% lower than its historical high. Therefore, he believes that silver will be the best, lowest-risk, high-potential investment target, and Bitcoin also has the greatest advantage. Therefore, he believes that as the US dollar depreciates, Bitcoin and silver will be the best investments.

Recently, the cryptocurrency market has continued to rebound from the collapse three months ago. Bitcoin re-entered the $50,000 mark on August 23, rebounding more than 60% from its mid-year low this year. As the US dollar fell, gold also once stood above the $1,800 mark, reaching a high of $1,810 overnight, and then fell below the mark again.

In fact, Robert Kiyosaki has always been an advocate of buying Bitcoin and silver. In April this year, he said that Bitcoin will exceed $1 million in five years.

When it comes to precious metals, Robert Kiyosaki said he still prefers gold and silver, while government money printing, excessive stimulus policies and a depreciating dollar are the attractions of Bitcoin and gold.

Robert Kiyosaki cited Gresham's law, which states that bad money drives out good money, as the reason why he is still buying more silver and gold, as well as Bitcoin and Ethereum.

He once said that pensions are going bankrupt, baby boomers have no money, and the system is forcing all of us to become buyers of gold and silver, and possibly even cryptocurrencies. He also believes that the industrial nature of silver adds another layer of attraction.

On August 1, Robert Kiyosaki warned on Twitter that the world was about to experience the biggest crash in history. He said that if interest rates rise, the real estate bubble will burst, and that if a crash occurs, the best buy after the crash will be silver, because the current silver price is still 50% lower than its historical high.

He said that everyone needs to be patient at this time and not be too greedy.

Robert Kiyosaki has been warning about a massive crash in recent months. He said in January that the market was heading for the "biggest crash in world history" and advised investors to buy gold, silver and Bitcoin to preserve their wealth.