His advice echoed his tweet in July, when he said his favorite four-letter word is “sale.” Kiyosaki explained that asset prices are plummeting and that he is in a “cash position waiting to pick up bargains, especially in real estate and bitcoin.”
Kiyosaki tweeted advice again, saying it’s “time for the poor to get rich,” adding that stocks, bonds, mutual funds, exchange-traded funds (ETFs) and real estate are collapsing Kiyosaki also warned that the US dollar is crashing, which is leading to the widespread acceptance of cryptocurrencies that are not controlled by governments. Furthermore, he pointed out that the Federal Reserve and the Treasury are destroying the dollar.”
The 6 infallible tips to survive in a bear market
- “A few words of wisdom. Your profits are made when you buy, not when you sell. Bitcoin price crashes. Great news. I’ve bought bitcoin at $6,000 and $9,000. Will buy more when it hits $20,000. Time to get rich is coming. Silver is the best bargain today – still 50% below its high.”
- THIRD WORLD WAR? I just bought 2,500 US silver eagles in 5 green boxes. Why the silver? Gold has already risen. Bitcoin is still too high. Silver is 50% below its all-time high and is an industrial metal as well as money. I buy silver because it is liquid and can be spent without government control.”
- Do you have a plan B? We are in the biggest in history. Bubbles in stocks, real estate, commodities and oil. Future? possible depression with hyperinflation. My plan B: Be an entrepreneur, stay out of the stock market, build your own assets, use debt as money, save gold, silver, bitcoin, and guns.
- “Biden and the Fed want inflation to pay off trillions of debt. The best investment may be stock up on products you will always use like toilet papergarbage bags, canned goods, frozen foods, gold, silver, and bitcoin.”
- “Bitcoin is sinking. Great news. As I said in previous tweets, I am waiting for bitcoin to crash to $20,000. Then I will wait for it to bottom out, which could be $17,000. Once I see that bitcoin has hit this background, I’ll fill my truck to the brim [en jerga económica, la imagen alude a comprar mucho stock de un determinado activo]. Crashes are the best time to get rich.”
- ‘Bull markets make stupid investors look smart. Bear markets make losers out of stupid investors and winners out of smart investors.’ The markets are crashing. It’s time for smart investors to become very rich winners. Take care.”
Source: Ambito
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