Why Robert Kiyosaki considers Bitcoin as ‘people’s money’?
There is so much to know about the cryptocurrency world today with topics like a rainbow currency exchange or doing a rainbow currency review to know whether it is legit or not. Besides these, you can stay abreast with the ongoing price movement of cryptocurrencies including not just Bitcoin but other altcoins as well. Robert Kiyosaki is a well-known author of best selling book Rich Dad Poor Dad. According to a crypto news update, he has expressed his likeliness about the foremost cryptocurrency, Bitcoin, and has termed it as people’s money. He has also admitted to not being so familiar with the latter crypto coin but is happy to purchase it at 6.
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The book Rich Dad Poor Dad became a best seller in New York in 1997. It was co-authored by Robert Kiyosaki and Sharon Lechter. It has remained on the New York Best Seller list for 6 years. More than 32 million copies got sold in over 51 languages across 109+ countries.
Bitcoin is a people’s money”: says Robert Kiyosaki
The author of best selling book Rich Dad Poor Dad, Robert Kiyosaki expressed his view on Bitcoin while discussing Why cash is trash in 2023 during his published podcast show on Wednesday. The book Rich Dad Poor Dad became a best seller in New York in 1997. It was co-authored by Robert Kiyosaki and Sharon Lechter. It has remained on the New York Best Seller list for 6 years. More than 32 million copies got sold in over 51 languages across 109+ countries.
During the podcast, Kiyosaki termed gold, silver, and BTC, the top current hot subjects in the market today. He also noted that real estate no longer remains a hot topic. He even emphasized the United States dollar and termed it as fake money. He mentioned his admiration for the foremost cryptocurrency Bitcoin and even called it people’s money. But now he says he is not much aware of the latter crypto but is happy to buy it at six currently.
Earlier, he mentioned his BTC purchase at $9K and the reason why he bought it. According to Kiyosaki, he took this step when the world economy got hampered due to Covid. He predicted crypto to reach $1.2 million in more than 5 years. The Rich Dad Poor Dad author has also said about his current purchase of BTC. In 2021, he stated his reason for investing in BTC and called himself an investor, not a trader. It makes him happy when the BTC price sweeps to a new low.
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Robert Kiyosaki has been in support of Bitcoin and is recommends it besides silver and gold for some time. He has even made a discussion on the reason behind the rise of these 3 investments. The authors expect investors to get richer with Bitcoin when the Federal Reserve prints trillions of dollars.
Cautions investors
Last year in September, he advised investors to explore crypto now, before the emergence of the economic crash in world history. But at the same time, he also gave a warning about the crushing of most cryptocurrencies by the U.S. SEC. Kiyosaki has also cautioned about the global recession that would bring unemployment, homelessness, and a rise in bankruptcies.
