Rich Dad Poor Dad writer Robert Kiyosaki says an impending market meltdown could be “good news” for Bitcoin (BTC) regardless of the main crypto asset’s current price volatility.
In an interview with Danielle Cambone of Stanberry Research, Kiyosaki doubles down on his predictions of a serious market crash from which holders of crypto and valuable metals will profit.
“… I’m hardcore silver and I’m [in support of] Bitcoin and all this, I’m a tough asset man.
So [a market meltdown is] excellent news for us, but it surely’s unhealthy information for the boomers. Very unhealthy information.”
The best-selling writer goes on to say that these with early entry factors to laborious property gained’t have to fret about excessive volatility triggered by a monetary cataclysm.
“So as my wealthy dad mentioned to me, ‘A profit is not made when you sell but when you buy,’
And so that you at all times need to be early into the market.
So Bitcoin going up and down – I don’t actually care as a result of my entry level [was] $6,000. It’s at all times your entry level and what number of… coins do you may have.”
Kiyosaki says that he favors valuable metals for having zero counterparty danger, and Bitcoin and Ethereum for being the networks outdoors of the purview of the Federal Reserve and the monetary system.
“Gold and silver are ‘God’s cash.’ There’s no counterparty danger to gold and silver. They’re components of the periodic desk. So God is the counterparty to gold and silver. Bitcoin is a community system, the identical as Ethereum, it’s a community outdoors of the management of the Fed.
So when individuals say that the Fed goes to close down Bitcoin and all that, it’s potential, they did that in China, [but] anything’s potential in the present day. So I might simply hearken to idiots like me.”
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