'Rich Dad Poor Dad' Author Warns – Ray Dalio’s Banking Crash Started

11/10/2024 14:53
'Rich Dad Poor Dad' Author Warns – Ray Dalio’s Banking Crash Started

Entrepreneur and financial guru Kiyosaki says this asset will triple after the current banking crash is over

Entrepreneur and financial guru Kiyosaki says this asset will triple after the current banking crash is over

'Rich Dad Poor Dad' Author Warns – Ray Dalio’s Banking Crash Started

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Robert Kiyosaki, a Bitcoin lover, entrepreneur, and author of the popular classic book on finance management “Rich Dad Poor Dad,” has published a tweet to warn his audience on the X platform about the unleashed banking crash once again. 

According to Kiyosaki, billionaire Ray Dalio, founder of the Bridgewater Associates hedge fund, was among those who warned about this crash coming.

However, the investment guru claims that even with little spare money, one can profit from this crash.

Profiting from current banking crash possible with this asset per Kioysaki

Kiyosaki stated that he believes the banking crash which such big influencers in the world of finance as Jim Richards, Jim Rogers, and Ray Dalio, as well as himself, have been warning investors about has started.

Still, Kiyosaki loves the word “sale”, claiming that he made a fortune during the real estate crisis in 2008 by buying real estate cheaply. The same is happening now, he says – it is possible to buy assets at bargain prices before they begin to skyrocket. One such asset that is easy to buy in the form of coins at retail price is silver. Kiyosaki expects that this precious metal is likely to double and triple in the future.

I HATE to say this…. But the banking crash Jim Rickards’s , Jim Rogers , and Ray Dallio, and I have been warning you about has started. Even if you have very little money you may still be able to profit from this crash.

All you need is a few extra dollars…. Because you can…

— Robert Kiyosaki (@theRealKiyosaki) November 10, 2024

Currently, it is worth $30 per ounce, he said, which is approximately 50% below its all-time high.

Related

'Rich Dad Poor Dad' Author Reveals His Bitcoin Holdings and Plans to Buy More BTC

Kiyosaki discloses his Bitcoin holdings as BTC surpasses $79,000

According to his tweets published in the past four years, the “Rich Dad Poor Dad” author believes that there are three main safe-haven assets – Bitcoin, gold, and silver. In his previous X posts, Kiyosaki stated that he had been buying all of them once their prices dropped.

On Saturday, he tweeted that he continued to buy Bitcoin when it soared above $76,000. He revealed that he owned 73 BTC and intended to own 100 BTC within a year from now.

Today, the world’s largest cryptocurrency soared by 4.75%, briefly hitting the $79,771 price level, setting a new record peak there. The major trigger for this growth was the recent change of the US political leader and the interest rate cut of 25 basis points by the Fed Reserve that followed. As of this writing, Bitcoin is changing hands at $78,902.

About the author

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Yuri Molchan

Yuri is interested in technology and technical innovations. He has been writing about DLT and crypto since 2017. Believes that blockchain and cryptocurrencies have a potential to transform the world in the future in many of its aspects. He has written for multiple crypto media outlets. His articles have been quoted by such crypto influencers as Tyler Winklevoss, John McAfee, CZ Binance, Max Keiser, etc.

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