The famous author of the best-selling book Rich Dad Poor Dad, Robert Kiyosaki, has warned that the U.S. dollar is “about to implode.” Among the investments he suggested are cryptocurrencies bitcoin, ethereum, and solana.
Robert Kiyosaki predicts dollar implosion, blames Biden for inflation
Rich Dad Poor Dad author Robert Kiyosaki is back with more warnings about the impending collapse of the US dollar. He also suggested investors buy cryptocurrencies, naming three in particular: bitcoin, ether, and solana.
Rich Dad Poor Dad is a 1997 book co-authored 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 51 languages across more than 109 countries.
Kiyosaki tweeted Monday warning that the world is in trouble. “The national debt will explode,” he wrote, noting that the dollar is “on the verge of imploding.” The famous author insisted that President Joe Biden is the cause of inflation. He then suggested investors buy more gold, silver, bitcoin, ethereum, and solana before World War III breaks out.
Kiyosaki has repeatedly warned about the end of the U.S. dollar. He also recently said that we are in the biggest bubble in world history.
Kiyosaki recommends Bitcoin, Ethereum and Solana
While Kiyosaki has recommended bitcoin (BTC) many times in the past, and ethereum (ETH) occasionally, he has not recommended solana (SOL) until now. In November last year, he said he was buying more bitcoin and ethereum as inflation rose.
Many people questioned why he is advising investors to buy solana. SOL supporters see the Rich Dad Poor Dad author’s recommendation as very bullish for the price of the cryptocurrency while others disagree about it being a good investment. One person suspected that Kiyosaki is being paid to promote solana, stressing that the famous author “likes hard money.”
Kevin O’Leary is another famous investor who recently took an interest in Solana. The Shark Tank star, aka Mr. Wonderful, appeared on Kiyosaki’s Rich Dad show and Kiyosaki previously said O’Leary “knows what he’s talking about.”
In January, O’Leary said that Solana and Polygon will be two of the most successful projects. However, O’Leary, being a paid spokesperson for crypto exchange FTX, may have been influenced by FTX CEO Sam Bankman-Fried, who said solana could be the next bitcoin. Bankman-Fried and his team have been working on projects built on Solana. “Who’s working on that? Sam Bankman Fried and his team. Why wouldn’t ya bet that horse?” O’Leary said.
Despite his crypto recommendations, Kiyosaki warned earlier this month that the government would seize all cryptocurrencies after launching a “crypto Fed.” Nonetheless, he later said that the Russian-Ukrainian war made crypto a safer haven than fiat currency.
