After Predicted Bitcoin Price Will Reach $75,000, Robert Kiyosaki Warning: Get Bitcoin and Save Yourself and New York City Going Broke
Robert Kiyosaki, the author of ‘Rich Dad, Poor Dad,’ has once again urged his followers to invest in Bitcoin and precious metals, predicting the collapse of U.S. cities.
Bestselling author Robert Kiyosaki, who wrote two books with Donald Trump. He is pictured with Mr Trump in October 2006 launching their book Why We Want You To Be Rich.
On May 19, the best selling author of the book “Rich Dad, Poor Dad” took to Twitter in a mostly all-caps message denouncing the Federal Reserve’s actions during the pandemic and his belief that assets like gold, silver, and Bitcoin would be investors’ saviors during this crisis.
He tweeted:
NEW YORK CITY GOING BROKE. All cities count on INCOME TAX, SALES TAX & REAL ESTATE TAXES, especially COMMERCIAL RE. Add pension contributions for teachers firefighters & police. USA GOING BROZkE. FED PRINTING FAKE $ cannot SAVE YOU. Get gold silver Bitcoin and SAVE YOUR SELF.
In his latest tweet, the prophet of doom says that New York is teetering on the verge of a financial disaster (the same applies to other American cities).
He explains that Big Apple heavily relies on taxes, but the pandemic puts its strategy at risk. Kiyosaki’s grim prediction doesn’t seem to be unsubstantiated since New York is the most tax-burdened city in the U.S.
Coupled with skyrocketing spending and fleeing businesses, the future doesn’t seem to be particularly bright for America’s largest city.
Kiyosaki isn’t the only high-profile investor that’s been waxing bullish on bitcoin lately. Billionaire hedge-fund manager Paul Tudor Jones said earlier this month that bitcoin reminds him of gold in the 1970s, and may be the best hedge against inflation in the age of coronavirus.
‘If I am forced to forecast, my bet is it will be bitcoin,” he said in a note.
As for Kiyosaki, he also told his million-plus followers on Twitter back in April they should put their stimulus money to work by loading up on gold, bitcoin and especially silver.
DEATH OF DOLLAR. People desperate for money. Very sad. If government gives you free money take it yet spend it wisely. DO NOT SAVE. Buy gold, silver, Bitcoin. Dollar is dying. Silver $20. Best Buy for future security. Everyone can afford $20, especially with free fake money.
— therealkiyosaki (@theRealKiyosaki) April 4, 2020
As AZCoin News reported, Robert Kiyosaki had used Twitter to predict a Bitcoin price of $75,000 with a somewhat more subdued message: his fear of a dying economy, and belief the Fed has incompetently handled the financial crisis.
Read more:
- Rich Dad Poor Dad Author Argued That The Coronavirus Pandemic Was “Great” For Bitcoin
- Recent Comments From Fed Chairman Seem To Have Further Vindicated Bitcoin Immense Value