Robert Kiyosaki, the best-selling author of “Rich Dad Poor Dad,” said that now that Bitcoin is “crashing,” it’s a buying opportunity, especially for those who said they couldn’t afford it before. Alternatively, he said they could “spend pennies on a coin that outperformed Bitcoin,” reiterating that the Fed, Treasury and Biden were the problem, not Bitcoin or Elon Musk.
Bitcoin Advice from Robert Kiyosaki
Given that the cryptocurrency’s price has fallen sharply from its all-time highs, renowned author and investor Robert Kiyosaki is again pushing investors to buy Bitcoin. He sees the price “crash” as a buying opportunity.
Rich Dad Poor Dad is a 1997 book by Kiyosaki and Sharon Lechter. It has been on the New York Times bestseller list for over six years. The book has sold over 32 million copies in over 51 languages in over 109 countries.
Kiyosaki tweeted last week:
I heard “I can’t afford bitcoin”. Bitcoin crashed, good news. Now is your chance. Get an education. Buy coins that outperform Bitcoin for a few cents. Stop complaining and take action.
This tweet follows another pro-Bitcoin tweet from Kiyosaki on May 14. The Rich Dad Poor Dad author wrote: “Bitcoin crashes. Good news. Ready to buy more.” He continued:
Remember, the problem is not with Elon Musk or Bitcoin. The problem lies with the Fed, Treasury and Biden. Gold, silver and bitcoin are the solutions.
Kiyosaki doesn’t specifically mention any cryptocurrencies other than Bitcoin, and there are thousands of coins to choose from. Investors need to conduct their own research thoroughly before investing. For example, early users of Dogecoin reported making a lot of money, and recently the Shiba Inu coin has made some people millionaires. A Goldman Sachs executive reportedly quit his investment banking job after making his fortune with Dogecoin.
The famous Rich Dad Poor Dad author further explained, “The Fed wants inflation to pay off debt in cheaper dollars [money]. The Fed will raise rates causing stocks, bonds, real estate and gold to crash. Biggest problem: baby boomers retiring. Social Security Medicare and America went bankrupt.feed [print] More fake money. Stick with gold, silver and bitcoin. “
Kiyosaki has been recommending Bitcoin because he thinks the dollar is dying. In April, he predicted that the price of BTC would hit $1.2 million in “five years.”
Do you agree with Robert Kiyosaki? Let us know in the comments section below.
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