Early on Wednesday, November 4, the prominent finance writer and investor Robert Kiyosaki took to X to celebrate the recent cryptocurrency and commodity market sell-off.
Specifically, the author of the best-selling ‘Rich Dad Poor Dad’ book explained that, while other traders panicked in the wake of Bitcoin (BTC), Gold, and Silver’s recent plummet, he used the opportunity to buy more of these assets.
Kiyosaki underlined that he does not become worried about such market moves because he views the spiraling U.S. national debt and the incompetence of the country’s leaders as the actual problems.
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The investor has, in recent years, repeatedly positioned the two precious metals as something of an antidote to the wider economic woes, and has taken to calling Bitcoin ‘people’s money’ and gold ‘God’s money’.
Notably, Kiyosaki underlined his favored dichotomy by stating that fiat currencies such as the American dollar (USD) represent ‘fake money’ designed ‘to steal the wealth of the people who work for money, and save fake money.’
Finally, the prominent investor briefly reflected on his opinion that the U.S. suffers from an ‘education that teaches nothing, zero, nada about money, and the initial purpose of any fiat money’, before emphasizing he is excited for the next gold, silver, and Bitcoin plummet.
Bitcoin, Gold, and Silver record sudden bullish reversal after Midterms
Elsewhere, Robert Kiyosaki’s latest X post – and simultaneously his first since October 21 – came as the three of his favored assets entered a recovery from the previous protracted selloffs.
Bitcoin crashed from $87,412 a month ago to lows close to $75,000 early in November and has, following the Democratic sweep in the midterm elections, rallied to $80,240.
Gold and silver followed a similar trajectory, collapsing from $4,140 and $60.75 to $3,880 and $48.67, respectively, before recording a recovery on November 3 and 4. By press time on Thursday, November 5, the yellow metal is changing hands at $4,134, and its smaller peer is trading at $52.81.
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Despite this latest reversal, none of Robert Kiyosaki’s three most favored investments are in the green year-to-date (YTD).
Featured image via RichDad.com
