Robert Kiyosaki is ready for a flurry of deals on low-priced housing and cryptocurrencies. He tweeted this Week that he believes other investors should also take advantage of falling asset prices.
He said that SALE was his favorite 4-letter word. “Asset bubble discovered a pin. Asset prices are falling. Cash position ready to grab bargains, especially in Bitcoin and real estate.
He added, “Do not miss out on the GREATEST SALE ON EARTH,”
S&P 500 and Nasdaq have fallen 20% and 29%, respectively, while bitcoin has plummeted 60%. Rising interest rates have also pushed up mortgage costs, which in turn has cooled housing demand.
Kiyosaki was the author of “Rich Dad Poor Dad” and a personal finance guru who repeatedly raised alarms about a market bubble that exploded during the financial crisis. He foresaw a major crash but saw the downturn as an opportunity to buy gold, silver and bitcoin at a discount price.
He tweeted last summer, “Biggest bubble ever in world history growing bigger.” Coming: The biggest crash in world history. Buy more silver and gold. Waiting for bitcoin’s price to drop to $24k. The best time to become rich is when it crashes. Take care.
Kiyosaki is the founder of Rich Global, Rich Dad Company and Rich Dad Company. He has also recently tweeted some humorous advice. In anticipation of inflation, he recommended people save money on household necessities like toilet paper, trash bags, canned foods, and frozen food.
He also suggested that canned tuna and baked beans could be better investments than gold and silver as they are edible. Furthermore, he believes that rising food prices will make starvation more likely.