American businessman and author Robert Kiyosaki warned that the world economy is on the verge of hyperinflation and advised to “stay away” from the stock market.
Robert Kiyosaki, the author of the bestseller “Rich Dad, Poor Dad” made several pessimistic forecasts about the future of the economy and cryptocurrencies. In addition, he stated that “we are in the biggest bubble in history”, referring to bubbles in stocks, real estate and commodities.
Earlier, Kiyosaki had been optimistic about cryptocurrency. He often recommended buying gold, silver and Bitcoin as insurance against inflation. Now, however, he expects the U.S. government to confiscate all cryptocurrencies.
He explained that after U.S. President Joe Biden signed an executive order regulating cryptocurrencies, the next step would be to launch a “cryptocurrency Fed. After that, all cryptocurrencies will be confiscated and converted to government cryptocurrency.
“Goodbye Bitcoin,” he wrote.