Robert Kiyosaki announced the proximity of a recession and urged to buy bitcoins

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The bestselling author of "Rich Dad, Poor Dad" told his 2.4 million Twitter followers that the sharp increase in one-month Treasury bill yields indicatesthat recession times are probably ahead.

Robert Kiyosaki believes that Bitcoin and precious metals are the best salvation from such instability.

“One-month Treasury bills have risen in priceby 100 basis points. Does this mean that the global banking system is collapsing?.. So much for the experts who recommended one-month Treasury bills… So now stop at gold, silver, bitcoins,” the crypto enthusiast wrote.

The writer and economist regularly speaks atsupport for the world's first cryptocurrency. In April, he explained why he loves Bitcoin so much and why he believes Bitcoin will soon be worth $100,000. Kiyosaki often repeats that the American and global economies have difficult times ahead. Therefore, an experienced investor encourages people to invest in precious metals and Bitcoin to protect against inflation and preserve savings.