The author of "Rich Dad Poor Dad" said that Moody's downgrade may be a precursor to economic crisis, and suggested holding assets such as Bitcoin, gold and silver

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MarsBit
05-20
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Mars Finance News: Robert Kiyosaki posted on X platform, stating that Moody's downgrade of the U.S. debt rating suggests a potential economic recession in the United States, with interest rates likely to rise, leading to increased unemployment rates, and risks in markets such as bonds, real estate, and banking, potentially even repeating the 1929 economic depression. He advises people to become entrepreneurs, invest in real estate that generates cash flow, and hold assets like gold, silver, and Bitcoin. He believes that economic crises also contain opportunities, and that starting a business and buying assets at low prices may become easier.

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Disclaimer: The content above is only the author's opinion which does not represent any position of Followin, and is not intended as, and shall not be understood or construed as, investment advice from Followin.
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