'Rich Dad Poor Dad Author' Urges Buying Bitcoin Before Global Monetary Collapse

Robert Kiyosaki, the author of "Rich Dad Poor Dad," has once again recommended his followers to buy Bitcoin, warning of impending financial doom.

Kiyosaki is convinced that the global financial system that is based on government-issued fiat currencies will eventually crumble under the weight of debt

The popular financial commentator believes that hard assets, such as gold, silver, and Bitcoin, are likely to emerge as potential winners

In the meantime, bondholders and savers of fiat money will end up on the losing side

"Take action and get richer while billions with obsolete ideas about money….become poorer," Kiyosaki warned

As reported by U.Today, the prominent financial commentator previously claimed that the price of Bitcoin could surge to $1 million this year

He sees the cryptocurrency reaching $250,000 as soon as this year.