Here’s why Robert Kiyosaki is buying more Bitcoin right now
The bestselling author of the motivational business book “Rich Dad Poor Dad,” Robert Kiyosaki, initially looked to have no definitive thoughts on Bitcoin and cryptocurrencies for 2022. Still, on the year’s final day, he revealed his current point of view in this area.
“Rich Dad Poor Dad” author very happy with Bitcoin and pessimistic about altcoins
First and foremost, Kiyosaki is enthusiastic about Bitcoin. The main reason he continues to invest in bitcoin is that it is categorized as a commodity, just like the other investments the author adores, such as gold, silver, and oil. Intriguingly, the author seems to have kept investing at present prices rather than waiting for the previously forecast price of $1,000 per Bitcoin.
Q: Are you investing in Bitcoin?
A: Yes I am. I am very excited about Bitcoin. Why? Because Bitcoin is classified as a commodity much like gold, silver, and oil. Most crypto tokens are classifed as a security and SEC regulations will crush most of them. I am buying more BC
— therealkiyosaki (@theRealKiyosaki) December 31, 2022
However, Kiyosaki has a very different perspective on other cryptocurrencies, the majority of which he believes will be destroyed by regulatory actions taken by the U.S. Securities and Exchange Commission.
The author cautions readers to get ready for another wild year in his global forecast for 2023. By 2024, numerous sectors, including real estate, will collapse as a result of the U.S. Federal Reserve’s policy of hiking interest rates, he claims, and personal income would decline.
Robert Kiyosaki emphasizes once more in his conclusion that under such situations, only the intelligent and knowledgeable will become wealthy.
- Here’s Why MicroStrategy Sold 704 Bitcoin For 1st Time Since It Started Accumulating In 2020
- MicroStrategy Increased Bitcoin Holdings By 2,500 & Also Made Its 1st Sale For An Average Of $16,776