Robert Kiyosaki Hypes Solana, Predicts Market Crash

The author of Rich Dad, Poor Dad, Robert Kiyosaki said that the best crypto investments are those that were done early. He highlighted that he invested in Bitcoin when it was worth $6000, adding that this is the right time for people to invest in the Solana token, SOL.

During an interview with Stansberry Research reported by DailyHodl, Kiyosaki said that the network is the next big challenge to the Ethereum blockchain. He added that with the high rate of inflation, that most Americans cannot boast of $1000 due to the effects of the spiraling cost of living.

Solana is presently the seventh most capitalized cryptocurrency. With a market price of $105.77, the best-selling author maintained that it is a good deal for investors. Solana has been praised for its scalability, speed and low transaction rate. These are features that Ethereum is still struggling with after 6 years of the launch of its blockchain.

SOL reached an ATH of $258 last November. Market charts show that the coin may be consolidating after dropping to $78 on March 13.

In March, the US inflation rate climbed to 8.5%, its highest since 1981 when Ronald Reagan’s economic policies left the poorest Americans poorer, widening the gap between the rich and the poor.

According to Kiyosaki,

“Inflation goes up and the average American doesn’t have $1000 bucks. Forty percent of Americans don’t have $1000 bucks. So when inflation goes up, we’re going to wipe out 50% of the population, and that is when revolution starts.”

An Imminent Market Crash

Even though Kiyosaki didn’t back his assertions with data, he maintained that the economy is heading to the rocks. This is not the first time the author has predicted a market crash. Last September, he postulated that such a crash was imminent. However, such a massive stock market crash has not yet happened 7 months down the line.

On the regulation of crypto space, Kiyosaki said that hostile government take-over is a possibility. He said that the move by many central banks to establish national digital currencies (CBDC) may be a prelude to such centralized control of digital assets.

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Author: Jofor Humani

Jofor is a crypto journalist with passion for investigative review of projects with the aim to determine the authenticity of their claims.