Robert Kiyosaki Suggested Bitcoin as a Precaution Against the Financial Crisis

Robert Kiyosaki, author of the bestselling Rich Dad Poor Dad, stated that the United States is "depressed". He said a giant collapse would come, followed by a "new depression." Robert Kiyosaki suggested Bitcoin as a precaution against the financial crisis. Rich Dad Poor Dad is a 1997 book co-written by Kiyosaki and Sharon Lechter. It has been on the New York Times Best Seller List for over six years. More than 32 million copies of the book have been sold in over 109 countries in over 51 languages. The famous author tweeted on Friday that the US is "depressed". He said President Joe Biden and the Fed were "robbed people" and stated that they "needed inflation to prevent the new depression". Kiyosaki emphasized: “Inflation robs the poor. Inflation makes the rich richer. Biden and the Fed are corrupt.” A number of people have expressed similar concerns about inflation. Senator Rick Scott added on Sunday that Americans should be outraged at the way Democrats are handling their money, and that President Joe Biden's Build Back Better agenda will worsen the nation's "ridiculous" inflation. “If you look at what they're talking about – whatever the bill – all it will do is cause more inflation… Look what it has done to poor families in this country where gas prices have gone up 55%. Go to the grocery store, food prices have increased. All of this is due to government spending.” Kiyosaki has been recommending BTC to investors for a while. Earlier this month he said, “I love Bitcoin because I don't trust the Fed, Treasury or Wall Street.” Kiyosaki tweeted: “The future is very bright when the BTC price hits above $60,000. Celebrate but be careful. I expect a pullback before investing more.” In August, he said bitcoin was the investment with "biggest return".