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📌 Robert Kiyosaki advises traders to abandon the dollar in favor of bitcoin 1

Renowned author and bitcoin supporter Robert Kiyosaki has urged traders to abandon the US dollar and embrace bitcoin. Bitcoin

– Renowned author and bitcoin supporter Robert Kiyosaki has urged traders to abandon the US dollar and embrace bitcoin.

He predicted the rise of bitcoin and warned of a banking crisis.

Renowned author and ardent bitcoin supporter Robert Kiyosaki has released new advice for traders in the financial industry. In a recent post, Robert Kiyosaki, author of Rich Dad, Poor Dad, urged his followers to abandon the dollar in favor of bitcoin, gold and silver. Robert Kiyosaki opined that retired baby boomers are going broke because of the collapse of paper assets. He expressed distrust of financial instruments that can be printed.

As a final warning, the author drew attention to the current collapse of paper assets. Robert Kiyosaki’s book “Rich Dad, Poor Dad”, co-written with Sharon Lechter, has been a huge success since its release in 1997. The book has sold over 32 million copies in 109 countries. In addition, the book was on the New York bestseller list for more than six years.

In a recent post on X (formerly Twitter), Robert Kiyosaki brought up the possible collapse of the baby boomer generation, noting the recent collapse of another Chinese bank. He responded by stating that China is home to three of the largest banks in the world. However, he clarified that the collapse was of commercial real estate, not residential real estate.

Robert Kiyosaki noted that the same trend is happening in the United States, that is, commercial real estate is declining. He further explained why the baby boomer generation is attracted to the commercial real estate market. Mr. Kiyosaki noted that baby boomers’ retirement plans, such as real estate investment trusts (REITs), are filled with fake assets like the ones Mr. Kiyosaki described. He noted that the collapse of paper assets is destroying the retirement plans of baby boomers. He emphasized that it is time for traders, regardless of age, to abandon these assets, noting that they have lost faith that they can be printed.

China’s real estate sector is currently facing a number of challenges. These problems have led to financial difficulties for other major real estate developers. Thus, in January, a Chinese court ordered the liquidation of Evergrande Group. Previously, China’s minister of housing and rural support has also said that insolvent companies should go bankrupt or undergo restructuring in accordance with national law and market principles.

Mr. Kiyosaki has long been a critic of fiat money, calling it counterfeit. He has also consistently reiterated that gold and silver are God’s money, which in some cases he equates to Ponzi schemes. He recently noted that bitcoin is an asset that came along at the right time and is the people’s money. The author made an important prediction about bitcoin, noting that the upcoming halving could raise the bitcoin price to $100,000 by September.

It could also reach $300,000 by the end of the year. The author also doubled down on his faith in the asset, urging market investors to buy as much bitcoin as possible. He noted that they should do so before the biggest bubble in history destroys the pensions of baby boomers. He also talked about the crisis in the banking sector, the coming war, and the dangers of the central bank digital currency (CBDC) to personal privacy.

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Adebayo likes to follow interesting blockchain projects. He is an experienced writer who has written many articles on cryptocurrencies and blockchain.

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