Best-selling author Robert Kiyosaki names significant reasons for buying Bitcoin right now
Former real estate investor and now financial education writer and entrepreneur Robert Kiyosaki, best known for his book “Rich Dad Poor Dad,” has tweeted why buying Bitcoin and other big assets is worthwhile.
Kiyosaki tweeted about “retail pricing decreasing.” He added that “wealthy brands are on sale,” urging the population to begin purchasing before the US government regains control of systemic inflation. Kiyosaki emphasized his point, emphasizing that the current inflation is systemic and not ephemeral, as government officials and Fed representatives claimed, given that it only began in 2020 with the spread of the epidemic.
100% for buying gold, silver , & BC (Bitcoin) but why the fuck would I buy Prada, Polo?
— Fetty.DOT ⭕️+⚛️ (@dotboiclique) March 29, 2023
Consequently, Kiyosaki recommends his followers purchase “expensive brands,” listing Prada and Polo as examples. Hence, Kiyosaki now recommends his followers start buying “wealthy brands,” such as Prada and Polo shares, gold, silver, and Bitcoin before they become more expensive. Kiyosaki has been recommending gold, silver, and Bitcoin as his “regular package” since the beginning of 2020 when he frequently announced on Twitter that the USD was “nearly dead.” His point of view was predicated on the Federal Reserve producing money to help the economy. Around 6 trillion Dollars were printed “out of thin air” in 2020 alone.
One of his fans told Kiyosaki that he agreed with the advice to acquire Bitcoin and the precious metals indicated above. But he was perplexed about why he should invest in Prada and Polo. The financial expert did not respond to the query.
Kiyosaki stated on Twitter earlier this month that the global financial crisis was deteriorating. Once big US banks began to fail, he predicted that “more and more dominoes” would fall.
Silvergate Bank, Silicon Valley Bank, and Signature Bank are among them. Numerous additional financial institutions followed suit. Surprisingly, after Silicon Valley Bank failed, Kiyosaki tweeted that “the third major bank” was on its way down. He didn’t name any names, but Signature Bank was declared bankrupt just a few days after his forecast. Signature Bank’s stock price began to fall once SVB was shut down.
Early this year, Kiyosaki discussed his forecasts for Bitcoin, gold, and silver if the Fed keeps the money printer going. Kiyosaki believes that Bitcoin will be worth half a billion dollars in just two years, gold will reach $5,000 per ounce, and silver will reach $500 per ounce.
He tweeted that such a big increase in the price of safe-haven assets is likely because the US dollar will be destroyed by “fake money” – the trillions of dollars the Fed continues producing. The US government is bailing out failing US banks, causing additional newly minted USD to circulate throughout the US economy.
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