American businessman and author of the best-selling personal finance series “Rich Dad Poor Dad” Robert Kiyosaki said that Bitcoin (BTC) is the road to what he calls “financial paradise.”
Earlier this week, Robert Kiyosaki, author of the best-selling personal finance series “Rich Dad Poor Dad” spoke about the impact of cryptocurrencies, such as When it comes to financial intelligence, Bitcoin has been used by the current generation.
Kiyosaki, 74, put gold and silver in the same heavenly realm in a social media post earlier this week:
“There are a million roads to financial heaven and a billion roads to financial hell,” he said Tell His 1.8 million Twitter followers.
Are our financial institutions destroying the dollar?
In his speech to the Federal Reserve, Kiyosaki described the current nature of our financial system as “financial hell.”
He went on to say that as the U.S. central bank, the Federal Reserve and the U.S. Treasury “destroy the dollar,” they are sending “billions of unwitting savers into financial hell.”
While Kiyosaki didn’t explain how the dollar was destroyed, he did point to an example where investors would be more appropriate — encouraging investors to save bitcoin as well as gold and silver so they could “go to financial heaven.”
Both BTC and gold are considered a hedge against monetary inflation, which hit 7 percent in the U.S. last December, the highest level in decades. The Fed is now gearing up to raise interest rates to fight inflation and said it could raise rates three times in 2022, possibly starting as early as March.
Is Bitcoin a veritable inflation hedge?
Kiyosaki’s speech was made against this backdrop of declining purchasing power. However, back in January, Kiyosaki shared that he planned to buy more BTC once the price fell back to $20,000.
According to earlier tweets by Kiyosaki, who allegedly bought Bitcoin at $6,000 and $9,000 and thought it was “time to get richer,” BTC itself provided a better understanding of the U.S. financial system Educational opportunities for what’s going on.
In the past few months, Kiyosaki, whose 1997 book “Rich Dad Poor Dad” sold more than 32 million copies worldwide, predicted “the biggest stock market crash in the history of the world.” [is] Coming soon”, which could affect crypto assets such as BTC.
But not everyone agrees with his predictions.a twitter user respond To Kiyosaki’s latest post, which includes a chart of eight of the author’s past predictions, all missed, warning: “Don’t take investment advice from Robert Kiyosaki.”
Bitcoin reaches $40,000
Bitcoin topped $40,000 for the first time in two weeks on Friday, after a recent report from the U.S. Labor Department showed that investors continued to show signs of indecision after the U.S. added 467,000 jobs in January.
In the past 24 hours, bitcoin prices rose 8.9% to just over $40,219, surpassing the $40,000 mark for the first time since Jan. 22. Clearly, with bitcoin trading significantly slowing in recent weeks, fears of a more aggressive response from the Federal Reserve are not surprising — especially with interest rates expected to rise in March.
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