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- Robert Kiyosaki has cash ready to snap up cheap bitcoin and real estate, he tweeted.
- The “Rich Dead Poor Dad” author trumpeted the market downturn as a massive sale on assets.
- Kiyosaki recently touted cans of tuna, toilet paper, and trash bags as great bets during inflation.
Robert Kiyosaki is ready to pounce on cut-price housing and cryptocurrencies, and believes other investors should capitalize on tumbling asset prices too, he tweeted this week.
“Favorite 4-letter word is SALE,” he said. “Asset bubble found a pin. Asset prices crashing. In cash position waiting to pick up bargains especially in real estate and Bitcoin.”
“Do not miss the GREATEST SALE on EARTH,” he added.
The S&P 500 and Nasdaq indices have slumped 20% and 29% respectively this year, bitcoin has tumbled 60%, and rising interest rates have started to drive up mortgage costs and cool housing demand.
Kiyosaki, the author of “Rich Dad Poor Dad” and a personal-finance guru, repeatedly sounded the alarm on a sprawling market bubble during the pandemic. He predicted a historic crash, but framed the downturn as a chance to scoop up gold, silver, bitcoin, real estate, and other assets at discount prices.
“Biggest bubble in world history getting bigger,” he tweeted last summer. “Biggest crash in world history coming. Buying more gold and silver. Waiting for bitcoin to drop to $24k. Crashes best time to get rich. Take care.”
Kiyosaki, the founder of Rich Global and Rich Dad Company, has also tweeted some offbeat advice recently. He suggested people invest in household essentials such as toilet paper, trash bags, canned goods, and frozen foods, in anticipation of inflation making them more expensive.
Moreover, he proposed that cans of tuna and baked beans might be better investments than gold, silver, or bitcoin as they’re edible, and he sees surging food prices making starvation a problem.
Read more: A Michael Burry expert breaks down what makes the ‘Big Short’ investor special. He also revisits Burry’s iconic bet against the housing bubble, and his GameStop, Tesla, and Ark wagers.