The author of the personal finance book ‘Rich Dad, Poor Dad’ Robert Kiyosaki, believes that the ongoing Federal Reserve policies to contain inflation are acting as a catalyst for an economic crash.

According to Kiyosaki, interest rate hikes are detrimental to the economy while citing that stocks, bonds, and real estate will be the main casualties, he said in a tweet on October 29.

However, as a safety measure, Kiyosaki pointed out that Bitcoin (BTC) and precious metals can offer a cushion to investors.