"You can read it but don't believe it completely. Regardless, the risk still needs to be taken care of.”
During an interview with The Daniela Cambone Show, "Rich Dad Poor Dad" Author Robert Kiyosaki asserted that Bitcoin (BTC), gold and silver can be a hedge against global economic turmoil.
Besides revealing that investing in silver is the best long-term investment, Kiyosaki also said that he has been buying real gold and silver instead of exchange-traded funds (ETFs).
Not only that, Kiyosaki also agreed with Andy Schectman, the Chief Executive Officer (CEO) of Miles Franklin Precious Metals, who called silver the most undervalued asset for a generation.
Following his belief in gold and BTC, Kiyosaki predicted that the price of gold, including silver, would rise if the stock and bond markets fell, while BTC could reach $100,000 amid increasing global economic tension.
Kiyosaki who does not trust the federal government, the Treasury, the Federal Reserve (Fed) and Wall Street has advised the public to refrain from keeping US dollars and avoid bonds.
Later, he who warned that the stock and bond markets may fall has predicted that gold, silver including BTC will soar to unprecedented highs.
In addition, Kiyosaki emphasized that US dollar savers will be most affected as concerns about high debt levels have increased.
As of this writing, BTC price has plunged by 0.58% to $29,190 in the last 24 hours with a market cap of $568 billion further recording a 2.19% decline over the past week.
