Robert Kiyosaki, the best-selling author of â€œRich Dad Poor Dad,â€ says now that bitcoin is â€œcrashing,â€ it is a buying opportunity, especially for those who said that they could not afford it before. Alternatively, he said they can â€œBuy coins that outperform bitcoin for pennies,â€ reiterating that the Fed, Treasury, and Biden are the problems, not bitcoin or Elon Musk.
Robert Kiyosakiâ€™s Bitcoin Advice
Famous author and investor Robert Kiyosaki has once again pushed for investors to buy bitcoin now that the price of the cryptocurrency has fallen sharply from its record highs. He sees the price â€œcrashâ€ as a buying opportunity.
Rich Dad Poor Dad is a 1997 book co-authored by Kiyosaki and Sharon Lechter. It has been on the New York Times Best Seller List for over six years. Over 32 million copies of the book have been sold in over 51 languages across more than 109 countries.
Kiyosaki tweeted last week:
This tweet followed another one of Kiyosakiâ€™s pro-bitcoin tweets which was posted on May 14. The Rich Dad Poor Dad author wrote: â€œBitcoin crashing. Good news. Getting ready to buy more.â€ He continued:
Kiyosaki did not name any cryptocurrencies other than bitcoin in particular and there are thousands of coins to choose from. Investors need to do their own research thoroughly before investing. For example, people who got in early on dogecoin have reported making a substantial amount of money and recently the Shiba Inu coin has made some people millionaires. A Goldman Sachs executive has reportedly quit his job at the investment bank after making a fortune with dogecoin.
The renowned Rich Dad Poor Dad author further explained that the â€œFed wants inflation to pay debt with cheaper $ [money]. Fed will raise interest rates causing stock, bond, real estate & gold crash. Biggest problem: Boomer retirement. Social Security Medicare & America broke. Fed to [print] more fake money. Stick with gold, silver, and bitcoin.â€
Kiyosaki has been recommending bitcoin for quite some time as he believes that the dollar is dying. In April, he predicted that the price of BTC will be $1.2 million â€œin five more years.â€
Do you agree with Robert Kiyosaki? Let us know in the comments section below.
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