Kathmandu. Robert Kiyosaki, a well-known investor and author of “Rich Dad, Poor Dad,” has issued a big warning. According to him, the world is heading towards a major financial crisis.
Kiyosaki urged people to invest in “real estate”. Kiyosaki has said in his book ‘Rich Dad’s Prophecy’ that he predicts that this year will be the biggest financial crash in history.
Kiyosaki believes this will have a devastating impact on the retirement of the baby boomer generation. Many may be homeless or live with their children. Kiyosaki also said that he has been advising people not to invest in “printed assets” for years. He believes that savers are losers.
This is the way to escape
Kiyosaki advises investing in things like gold, silver, bitcoin and, most recently, Ethereum. He believes that silver and Ethereum are the best options right now. They are stores of value. They are also used in industry. Currently, their prices are low. He urged people to better understand the pros and cons of silver and Ethereum and then invest according to their own understanding. This will increase their financial understanding and make them richer.
Trump tightens his grip on China
This warning has come at a time when US President Donald Trump has tightened his grip on China. He announced 100% customs duty on all critical software exported from there to the US. After this, the major cryptocurrencies have declined. Bitcoin and Ethereum sold at record levels due to rising trade tensions. Investors began to invest their money in stablecoins or safe assets.
According to a Bloomberg report, more than $19 billion in bets have sunk within 24 hours of Trump’s announcement. Bitcoin fell more than 10% to below $110,000. However, it was later recovered to $113,096. Ethereum fell 11.2% to $3,878.
Meanwhile, other cryptocurrencies such as XRP, Doji and Ada have also seen declines of about 19%, 27% and 25%, respectively.
In a post on Truth Social Media, Trump said, “Beijing has sent a very hostile letter to the world, imposing massive export controls on almost every product. This has raised fears of a new trade war. ’
Financial Market Uncertainty
}
Kiyosaki’s warning comes at a time when investors around the world are facing uncertainty in financial markets. He advises people not to rely solely on paper money or money in banks. However, he advises investing in assets with intrinsic value, such as gold and silver, which have been valued for centuries. He also sees cryptocurrencies as a store of value. Especially Ethereum because it is being used in a variety of industries.
It is important to understand that Kiyosaki’s predictions have often been controversial. However, he always encourages people to think about financial security. He believes that saving is not enough, investing wisely is the way to build real wealth.
