Robert Kiyosaki, author of a personal finance book published more than 20 years ago, is diversifying his crypto portfolio as he predicts a major market crash to come.
In a recent interview with Stansberry Research, Rich Dad Poor Dad author Robert Kiyosaki was asked why he recently added Solana (SOL) to his portfolio.
"The best deals are always made early. When people say, 'Do you invest in Bitcoin?, my answer is yes. Yes, I was investing at $6,000 and it's still early for Solana (SOL), it's a possibility and I think so."
A rival to Ethereum (ETH), the smart contract platform Solana (SOL) is a blockchain known for its scalability, speed, and low transaction fees. The seventh largest cryptocurrency by market cap, SOL is Solana's token.
When asked about inflation in the United States, Robert Kiyosaki made a big claim. Robert Kiyosaki claimed that the average United States citizen doesn't even have $1,000, and suggested that this is evidence that inflation will irreparably alter American life as we know it.
"Inflation is rising and the average American doesn't have $1,000. Forty percent of Americans don't have $1,000. So when inflation rises, we're going to wipe out 50% of the population and that's when the revolution will begin."
In September 2021, the author predicted a major stock market crash for October. Robert Kiyosaki has since doubled his forecasts and says he expects "the biggest stock market crash in world history." As of today, no such collapse has occurred, but Robert Kiyosaki seems confident that this disaster will soon hit investors. Bitcoin (BTC) continues to find buyers above $ 39,500 at the time of writing. Uncertainty in the markets still continues.