Bonds are the ‘big lie’, Bitcoin is the future.
Robert Miyazaki, author of “Rich Dad Poor Dad,” debunks the belief that bonds are generally safe investments. In a recent tweet, Kiyosaki called the notion that “bonds are safe” the “big lie” spread by financial planners to “guy” investors.
He warned that even top-rated AAA bonds could fail, especially because of the looming crisis in the commercial real estate market. Instead, he advocates for Bitcoin as an essential part of a safe investment strategy.
Bonds: The “Biggest Lie” in Investing
Kiasaki, a well-known proponent of Bitcoin, has predicted that financial planners will mislead ordinary investors by promoting bonds as safe investments, and that even top-rated AAA bonds will be at risk, particularly driven by the commercial real estate sector. For high failure.
According to the famous author, this looming disaster will result in huge losses for many, including “sophisticated” investors. Kiyosaki compared bonds to what he considers safe-haven assets such as gold, silver and bitcoin, suggesting that these will rise in value, urging investors to reconsider where they trust and put their capital.
“As they say in Hawaii: Aloha. Better to go into safe real assets like gold, silver etc. Bitcoin before their price explodes. “Aloha.”
Is there a chance that Bitcoin will take a destructive turn?
Last month, Kiyosaki cited financial analyst Harry Dent's prediction of an impending “everything” crash, predicting a major impact on the Baby Boom Generation as their home values plummet and the S&P 500 plunges by 80%.
Dent also predicted that Bitcoin would return to $200 per coin. Meanwhile, Kiasaki saw this decline as an opportunity and was excited by the prospect of getting bitcoin at a lower price, believing that those who own this asset will emerge as multi-millionaires or even billionaires.
Whether Dent's predictions come true or not, Kiasaki reiterated his position that investing in gold, silver and bitcoin will be profitable in the long term, while at the same time dismissing the dollar as “fake money.”
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