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The author of Rich Dad, Poor Dad explains why he loves Bitcoin
Robert Kiyosaki, an accomplished American investor, businessman, motivational speaker and author of the bestselling book “Rich Dad, Poor Dad,” recently expressed his admiration for Bitcoin (BTC) and praised its ability to withstand the test of time. According to Kiyosaki, Bitcoin's success is due to its decentralized nature as it is driven by people rather than the Federal Reserve Board or the US government for support. Here's Why Kiyosaki Loves Bitcoin Tweeting on a Friday, Kiyosaki said he watched BTC climb to $20,000 and then lose almost all of its value when it dipped below $4,000 a few years ago...
The author of Rich Dad, Poor Dad explains why he loves Bitcoin
Robert Kiyosaki, an accomplished American investor, businessman, motivational speaker and author of the bestselling book “Rich Dad, Poor Dad,” recently expressed his admiration for Bitcoin (BTC) and praised its ability to withstand the test of time.
According to Kiyosaki, Bitcoin's success is due to its decentralized nature as it is driven by people rather than the Federal Reserve Board or the US government for support.
Here's why Kiyosaki loves Bitcoin
On a Fridaytweet, Kiyosaki said he watched BTC climb to $20,000 and then lose almost all of its value when it fell below $4,000 a few years ago. The author noted that he bought more of the asset as it climbed to $6,000.
WHY I ❤️BITCOIN: Years ago I saw BC go up to $20,000 and then fall to 0. I thought BC was done. Slowly I watched BC climb to $6,000 and I bought tickets. WHY? Because the people of BC don't support Fed or Govt. BC didn't need a bailout from the Fed or government because the BC people's money. BC to $100,000. Long live BC.
– Robert Kiyosaki (@theRealKiyosaki) April 21, 2023
As a strong advocate for financial education, Kiyosaki emphasized the importance of understanding Bitcoin's potential and its role in the future of finance.
The investor sees BTC, gold and silver through the same lens and continually encourages people to acquire more to prepare for an impending US dollar market crash. AsCryptoPotatolatelyreportedKiyosaki intends to increase his exposure to digital assets and precious metals because the Fed, the US Treasury and President Joe Bideon are “liars”.
Kiyosaki believes BTC will reach $100,000
It is noteworthy that Kiyosaki believes that Bitcoin is the only worthwhile investment in the cryptocurrency space because it is recognized as a commodity, unlike most alternative coins (altcoins), which are considered securities. Heinsiststhat once U.S. regulators like the Securities and Exchange Commission (SEC) classify them as securities, the watchdogs will crack down on them.
Meanwhile, the author sees BTC trading at $100,000 soon. Hepredictedin February that the leading cryptocurrency would be worth $500,000 by 2025, while gold and silver would trade at $5,000 and $500, respectively.
Featured image courtesy of Kitco
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