Rich Dad Poor Dad Author Recommends Bitcoin ETFs as Economic Safeguard
Robert Kiyosaki, renowned author of Rich Dad Poor Dad, is advising investors to consider bitcoin exchange-traded funds (ETFs) as a strategic investment amidst his concerns about a potential global economic downturn.
Expressing worry over the Cardboard Box Index and a decline in consumer goods production, Kiyosaki predicts a looming depression, prompting him to advocate for proactive measures. Alongside traditional choices like gold and silver, he highlights the relative affordability of silver and recommends bitcoin ETFs as an alternative.
Emphasizing the urgency to act, Kiyosaki underscores the potential printing of trillions in “fake dollars” by the U.S. Treasury and Federal Reserve as a response to economic challenges. This advice follows his earlier warnings about an impending depression and his projections for the values of gold, silver, and bitcoin by 2025. While he doesn’t specify the type of bitcoin ETF, he points to their potential as the SEC considers several spot bitcoin ETF applications, anticipating increased interest and demand in the crypto industry.
Clever Robot News Desk 30th November 2023
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