The Myth of Finance: Gold, Bitcoin and Time to Stock Up! - Coinleaks
Current Date:September 21, 2024

The Myth of Finance: Gold, Bitcoin and Time to Stock Up!

Famous finance writer Robert Kiyosaki, who is well-known to the crypto money market and the financial world, recently cited gold, Bitcoin (BTC) and these assets in his words on Twitter, and believes that these assets will save investors from a great collapse in the coming periods! Here are those assets that Kiyosaki conveyed…

The famous financial expert explained: Buy Gold, BTC and these assets!

cryptocoin.com Robert Kiyosaki, the famous financial expert, whose words we have mentioned before, states that valuable assets such as gold, silver and BTC will save investors in the coming periods in his recent statements. However, the famous name attracted attention with another asset he quoted.

Robert Kiyosaki, known for his criticism of fiat currencies such as the US dollar, invests in assets such as the leading cryptocurrency Bitcoin (BTC), gold and silver, as well as the extremely expensive Wagyu meat, an unexpected commodity. Indeed, the author of the best-selling personal finance book ‘Rich Dad Poor Dad’ is devoted to this Japanese breed of beef, raised in a stress-free environment and known for its uniquely soft and buttery flavor, whose meat is rich in healthy omega-3 and omega-6 acids. is investing. The Wagyu cow in Japan, as it is known, has a very expensive value and appears as an investment tool of the famous financial expert.

Expert explains why he invested in Wagyu

As you may recall, Kiyosaki, in an interview with Kitco News on February 22, 2023, stated that he preferred assets such as gold, silver, Bitcoin and Wagyu cattle to stocks, exchange-traded funds (ETFs) and paper money, and he described them as ‘fake dollars’. He warned that the US dollar is eroding the dominance of the US in the global economy.

I invest in cattle, you know, in Wagyu cattle. Do you know why? Because I get semen from every cattle the Wagyu bull produces, so cash flow. I trust Wagyu cattle more than Joe Biden.

Earlier, in July 2022, the author of the book ‘Rich Dad Poor Dad’ talked about how he got the idea to invest in Wagyu beef. According to the cited data, it all started with a friend who moved to Wyoming and bought a large farm. The name, who started investing in Wagyu, a very expensive cattle, through his friend, stated that he had studied them for a while, and then announced that he had invested on Twitter.

End of cash?

Many times before, Kiyosaki predicted the end of the US dollar’s dominance as the world’s reserve currency, describing it as ‘toilet paper’, ‘fake money’ and ‘trash’ and declaring that the US is no longer the ‘bully’ on the global financial ‘game’ has warned of the possibility of hyperinflation, dictators and murder as large amounts of US dollars flow back into America as an ‘economic tsunami’.

Alternatively, in the scenario predicted by financial and investment advisor Steven Van Meter, he has long advocated buying Bitcoin, silver and gold even if Bitcoin drops to $1,000 an ounce, arguing that markets are tired of waiting for the precious metal to rise.