Bitcoin News and Finance
Robert Kiyosaki Warns US Dollar ‘About to Implode’ — Advises Buying Bitcoin, Ethereum, Solana Skip to main content

Robert Kiyosaki Warns US Dollar ‘About to Implode’ — Advises Buying Bitcoin, Ethereum, Solana

Robert Kiyosaki Warns Dollar 'About to Implode' — Advises Buying Bitcoin, Ethereum, Solana

The famous author of the best-selling book Rich Dad Poor Dad, Robert Kiyosaki, has warned that the U.S. dollar is “about to implode.” Among the investments he suggested are cryptocurrencies bitcoin, ethereum, and solana.

Robert Kiyosaki Foresees Dollar Imploding, Blames Biden for Inflation

The author of Rich Dad Poor Dad, Robert Kiyosaki, is back with more warnings about the imminent collapse of the U.S. dollar. He also suggested investors buy some cryptocurrencies, naming three in particular: bitcoin, ether, and solana.

Rich Dad Poor Dad is a 1997 book co-authored by Kiyosaki and Sharon Lechter. It has been on the New York Times Best Seller List for over six years. More than 32 million copies of the book have been sold in over 51 languages across more than 109 countries.

Kiyosaki tweeted Monday warning that the world is in trouble. “National debt to go through the roof,” he wrote, emphasizing that the dollar is “about to implode.” The famous author insisted that President Joe Biden is causing inflation. He then suggested that investors buy more gold, silver, bitcoin, ethereum, and solana before the third world war breaks out.

Kiyosaki has repeatedly warned about the end of the U.S. dollar. He also recently said that we are in the biggest bubble in world history.

Kiyosaki Recommends Bitcoin, Ethereum, and Solana

While Kiyosaki has recommended bitcoin (BTC) many times in the past, and ethereum (ETH) occasionally, he has not recommended solana (SOL) until now. In November last year, he said he was buying more bitcoin and ethereum as inflation escalated.

Many people questioned why he is advising investors to buy solana. SOL supporters see the Rich Dad Poor Dad author’s recommendation as very bullish for the price of the cryptocurrency while others disagree about it being a good investment. One person suspected that Kiyosaki is being paid to promote solana, stressing that the famous author “likes hard money.”

Another celebrity investor who has been into solana lately is Kevin O’Leary. The Shark Tank star, aka Mr. Wonderful, has been on Kiyosaki’s Rich Dad show and Kiyosaki previously said O’Leary “knows what he is talking about.”

In January, O’Leary said that Solana and Polygon will be two of the most successful projects. However, O’Leary, being a paid spokesperson for crypto exchange FTX, may have been influenced by FTX CEO Sam Bankman-Fried, who said solana could be the next bitcoin. Bankman-Fried and his team have been working on projects built on Solana. “Who’s working on that? Sam Bankman Fried and his team. Why wouldn’t ya bet that horse?” O’Leary said.

Despite his crypto recommendations, Kiyosaki warned earlier this month that the government will seize all cryptocurrencies after they launch a “Fed crypto.” Nonetheless, he subsequently said that the Russia-Ukraine war has given rise to crypto as a safer haven than fiat money.

What do you think about Kiyosaki’s predictions and crypto suggestions? Let us know in the comments section below.

Labels:

Comments

Post a Comment

Popular posts from this blog

Custodial Lightning Network Service Attack Discovered by LN ‘Newbie’ — Hacker Strikes 6 LN Custodians

On September 18, a Redditor posted to the r/bitcoin forum and explained how he discovered a way to “attack [the] lightning Network’s custodial services.” The Reddit account dubbed “Reckless Satoshi” wanted to figure out if a “discrepancy between real routing fees and service’s transaction fee can be exploited for a profit.” The researcher disclosed that he wanted to see how large the damage could be and said “it is bad.” 6 Lightning Network Custodial Services Attacked, Researcher Discloses Findings to Offenders Prior to Public Disclosure A Redditor called Reckless Satoshi published a disclosure post on r/bitcoin this past Saturday and disclosed how he had found a vulnerability with routing fees and some of the Lightning Network’s custodial services. The research attack was done in good faith and after it was complete he disclosed the bugs to the offending services before publishing his findings. Reckless Satoshi used the Lightning Network (LN) attack on six different services incl...
Post a Comment
Read more

Axie Infinity Down 40% Since Last Week’s Price High, Protocol Revenue Outshines Competitors

Last week, the game token leveraged within the Axie Infinity gaming universe skyrocketed to all-time highs, while other crypto markets remained extremely lackluster. During the last seven days, Axie Infinity’s platform token has dropped significantly in value shedding more than 12%. Meanwhile, the game platform’s smooth love potion token has slid over 8% over the last 24 hours. Axie Infinity Down More Than 40% Since All-Time High Not too long ago, the axie infinity (AXS) token was a topical conversation because it reached an all-time high on July 15. At the time, AXS managed to capture $28.93 per unit and since then it has shed 12.8% during the last seven days. The axie infinity (AXS) token is used within the blockchain-based game that involves battles between token-based creatures called “Axies.” AXS is used for the game’s governance system as well as other actions within the game. At the time of writing axie infinity (AXS) is exchanging hands for $16.70 per coin. AXS/USD on Ju...
Post a Comment
Read more

Play-to-Earn Game From Polker (PKR) Exchange Listing – Endorsed by Akon

The Play-to-Earn NFT based Polker.Game ‘s native token $PKR has been officially listed on the popular centralized exchange BitMart. Polker.game has been in the spotlight recently as Akon, the American R&B superstar and record producer gave his official endorsement of polker stating that the “game is revolutionary” and that Polker is “hands down.. the best play to earn, NFT game in the space.”. With the BitMart listing and celebrity endorsement from Akon, Polker is perfectly positioned to become a major player in the Play-to-Earn league. Watch Akon’s Video Here What is Play-to-Earn? Although not a new concept, play-to-earn has become a trending term due to the popularity of the NFT game AXIE infinity. In the past, previous play-to-earn games have also achieved success – however, thanks to the huge amount of development in the blockchain space in recent years the gaming experience is now massively improved. Play-to-Earn games are essentially free to play and open to anyone and...
Post a Comment
Read more

China to Crack Down on Copyright Infringement Through NFTs

Authorities in China are going after creators of digital collectibles based on other people’s works of art, the use of which was not authorized. The government offensive is part of a campaign to combat online copyright infringement and piracy with the participation of several departments. Regulators in China Move to Strengthen Copyright Supervision of Online Platforms The National Copyright Administration of China (NCAC) has recently launched a campaign against copyright infringement and piracy on the internet, together with the Ministry of Industry and Information Technology, the Ministry of Public Security, and the State Internet Information Office of the People’s Republic. A major objective of the initiative is to improve copyright supervision of online businesses by investigating cases involving the sale and distribution of infringing products on short video, live broadcast and e-commerce platforms, and promptly dealing with infringing content, the agency announced in a press r...
Post a Comment
Read more
Blogarama - Blog Directory