In his tweet, Kiyosaki mostly addressed those who were born in the Baby Boomer generation, like him, since Bitcoin is a completely new and mind-boggling asset for them.
So far, Kiyosaki pointed out, boomers have been lucky, namely that in the 1970s they caused the real estate market to boom and the same happened to the stock and bond markets thanks to boomers’ 401k retirement program. However, in the 2020s, per the “Rich Dad Poor Dad” author, “BOOMER’s old age will cause real estate and stock and bond market BUST.”
While he was also born in the generation of Baby Boomers, Kiyosaki admits, he does not consider his house to be an asset, nor does he count on the 401k program to provide funds for him during retirement.
Kiyosaki’s advice to boomers is as follows: “Before the CRASH that is coming…and buy gold, silver, and Bitcoin now.” The financial guru bets not only on Bitcoin but also on gold and silver.
“The biggest crash in history is coming. Please be proactive and get rich,” Kiyosaki tweeted. He made this warning while Bitcoin has surpassed the $100,000 mark for the first time in history.
As for 10 years from now, Kiyosaki said he agreed with Michael Saylor in his prediction that Bitcoin will have taken part of the market cap away from gold and reached a whopping $13 million per digital unit by then.
This article was originally published on U.Today
Source: Cryptocurrency - investing.com
