Robert Kiyosaki steps away from investing in real-estate
Robert Kiyosaki, author of Rich Dad Poor Dad has stepped down from investing in real estate and now opts for Bitcoin alongside precious metals.
Kiyosaki tweeted, “I no longer recommend real-estate, I recommend Bitcoin”.
According to the tweet, the reason for this is explained in his 2020 book, Capitalist Manifesto.
In his book, he explains that it would be much harder to invest in real estate after 2020 as the newly elected US administration intends to raise property taxes and introduce rent regulations.
In addition to this, he said that frequent interest rate hikes this year will reduce real estate values.
In his earlier tweet, he tweeted, “BUYING OPPORTUNITY: if FED continues raising interest rates US $ will get stronger causing gold, silver & Bitcoin prices to go lower”.