For Kiyosaki, the cryptocurrency market plunge is good news

He’s often heard talking about personal finance and his influential book “Rich Dad, Poor Dad” has sold millions and is still in the top 10 bestselling and bestselling personal finance books to this day. He is also known for his position on many issues of financial and political economy (public debt, taxation, money and banking). On Thursday, May 12, Robert Kiyosaki shared his latest thoughts on Bitcoin. For him, what is happening to bitcoin and cryptocurrency in general is just good news.

On several occasions during the current COVID-19 pandemic, Kiyosaki has criticized the Federal Reserve’s response to the resulting economic fallout and strongly urged his followers on social media platforms to protect themselves from what he believes to be inevitable high inflation (and possibly hyperinflation) in the future by using their fiat holdings to buy silver Gold and Bitcoin.

Always a good opinion on Bitcoin

If the investment he believes in most is real estate, then Robert Kiyosaki, who we know to be quite frank at times, has not failed to say all the good things he thinks about bitcoin and cryptocurrency. True, you wouldn’t expect him to be a strong crypto preacher, but at least he doesn’t literally hate bitcoin like Warren Buffett. For example, episode 263 of Anthony Pompano’s “Pomp Podcast,” which was released on April 7, 2021, contained an interview with Kiyosaki. During this interview, Pompliano asked Kiyosaki what he thought of the assets for a “traditional inflation hedge.” Kiyosaki replied:Gold and silver are God’s currency. Bitcoin is people’s open source money..

As for the current crisis, Robert Kiyosaki already warned in a tweet on April 25 that markets could be headed for the largest economic depression in history. Its text is as follows: Whatever is a bubble always ends up bursting. Could this be the beginning of the greatest depression in history? I’m concerned. A world of debts and wars run by false leaders. […] »

It’s time to invest in Bitcoin

in another place tweetOn May 12, Kiyosaki explained why accidents are beneficial to wealth: “ Bitcoin is collapsing. good news. As mentioned in previous tweets, I expect Bitcoin crashes to 20k. I’ll then wait for the bottom test which might be $17,000, and as soon as I know the bottom has hit me I’ll put the truck back together. Malfunctions are the best times to get rich. Take care of yourself. »

The next day, he will reaffirm his position in another tweet: Why Crash Is Good: A Rich Dad Taught His Son “You win when you buy…not when you sell. Bitcoin is the future of money. That’s why I’m going to truck up when I hit the bottom. It could be $17,000 or even minus $11,000. It’s time Time to get rich. Take care of yourself. »

Long before his tweets on the 12th and 13th, the author of Rich Dad, Poor Dad posted on May 11 first tweetdeliberately provocative and even insulting: Q: Why would BITCOIN win? A: BITCOIN will win because America is ruled by the Three Goofs. […] I trust BITCOIN, not 3 idiots. »

Since we’ve quoted several tweets in this article, let’s end with a note Posted under Robert Kiyosaki’s May 11 tweet: This guy knows how to make money, so trust him. »

source : cryptoglobe

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