“Rich Dad Poor Dad” author Robert Kiyosaki had been warning against “fake money” for a long time and the recent market crash led to him issuing another stark reminder of the risks of printing money.
In a recent X post, the best-selling author said he isn’t going to sell his holdings despite what he calls the “everything bubbles” beginning to burst across global markets.
He explained that it’s liquidity stress that is driving fear across the markets.
“The cause of all markets crashing is the world is in need of cash.”
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Kiyosaki said his belief comes from the expected policy response of the governments in the face of rising global debt. Playfully referring to “The Big Print” as “The Bug Print,” he said that governments will print more money. As the fiat currency gets devalued due to unlimited printing, assets like gold, silver, Bitcoin (BTC), and Ethereum (ETH) will become more valuable.
He acknowledged that his thesis could be wrong but said he was sharing with his followers what he had been doing. Those short of cash may go ahead and liquidate their assets, he added.
Kiyosaki has repeatedly said that he trusts the bullion, BTC, and ETH, and unlike Warren Buffett, doesn’t trust stocks or bonds. He added that it’s only human to make mistakes, and this is how one learns how to manage money.
In another X post, Kiyosaki said he will buy more Bitcoin once the crash is over because its supply of 21 million coins isn’t unlimited.
This isn’t the first time the personal finance author has talked about Bitcoin in a bullish manner. In fact, he regularly talks about the asset having a long-term value in the face of devaluating fiat currency.
