Rich Dad Poor Dad Author Robert Kiyosaki Recommends Buying Bitcoin ETFs On Tuesday,
Kiyosaki posted on social media platform X, expressing concern
about the Cardboard Box Index, an indicator used byhttps://static.news.bitcoin.com/wp-content/uploads/2023/11/kiyosaki-bitcoin-etf-768x432.jpg some investors to assess consumer goods production, which he claims is crashing.
Kiyosaki stated that shoppers have ceased shopping, indicating a potential global economic downturn that could result in a depression. He anticipates that the Treasury and Federal Reserve will respond by printing trillions in fake dollars.
This isn’t the first instance of Kiyosaki warning about a potential depression. In July, he predicted that a
depression is coming. In February, he cautioned about an impending giant crash, stating that a depression is possible.
He projected that by 2025, gold would be valued at $5,000, silver at $500, and bitcoin at $500,000. Kiyosaki did not specify the type of bitcoin ETFs he recommends. In the U.S., there are futures bitcoin ETFs
but the U.S. Securities and Exchange Commission (SEC) has yet to approve a spot bitcoin ETF. SEC Chairman Gary Gensler recently revealed that the securities regulator is considering between eight and 10 spot bitcoin ETF applications.
