‘Rich Dad’ Author Robert Kiyosaki Explains Why He Loves Bitcoin
Yesterday (October 15), Robert Kiyosaki, the highly successful author of the “Rich Dad Poor Dad” series of personal finance books, shared his latest thoughts on Bitcoin.
“Rich Dad Poor Dad“, which is one of the top 10 personal finance books of all time, “advocates the importance of financial literacy (financial education), financial independence and building wealth through investing in assets, real estate investing, starting and owning businesses, as well as increasing one’s financial intelligence (financial IQ) to improve one’s business and financial aptitude.”
At various times during the current COVID-19 pandemic, Kiyosaki has been criticizing the Federal Reserve’s response to the resulting economic fallout and strongly urging his large following on social media platforms to protect themselves from what he feels is inevitable high inflation (and possibly hyperinflation) in the future by using their fiat holdings to buy silver, gold, and Bitcoin.
Yesterday, shortly after it had become apparent that the Securities and Exchange Commission (SEC) had tactitly approved the registration request for ProShares’ Bitcoin futures ETF, Kiyosaki tweeted:
He was celebrating the Bitcoin price breaking above the $60,000 level for the first time in six months; however, he did say that he was remaining cautious and wanted to wait for another pullback before buying more $BTC.
The views and opinions expressed by the author, or any people mentioned in this article, are for informational purposes only, and they do not constitute financial, investment, or other advice. Investing in or trading cryptoassets comes with a risk of financial loss.
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