Source: The Rich Dad Channel On Friday night (December 30/31, 2022), Robert Kiyosaki, the highly successful author of the Rich Dad Poor Dad series of personal finance books, explained why he remains “very excited” Bitcoin and increasing their BTC holdings despite the ongoing bear market. The BTC/USD rate consolidates on the last day of this year around USD 16,600.
Kiyosaki consistently believes in Bitcoin (BTC) in the long term
Rich Dad Poor Dad is one of the top 10 personal finance books of all time, it focuses on financial literacy (financial education), financial independence, and building wealth by investing in assets, real estate, starting and owning businesses, and increasing your financial intelligence (financial IQ) to improve business and financial abilities. At various times during the pandemic, Kiyosaki has been critical of the Federal Reserve’s response to the ensuing economic crisis, and strongly urged his many fans on social media platforms to protect themselves from what he considers inevitable, high inflation (and possibly hyperinflation) in the future. He recommended using his fiat holdings to buy silver, gold and Bitcoin.
Do you want to buy or sell Bitcoin (BTC)? Take advantage of the offer of cashify, a network of exchange offices that allows you to exchange over 460 cryptocurrencies. CHECK US >> Episode #263 of Anthony Pompliano’s “Pomp Podcast”, which was released on April 7, 2021, featured an interview with Kiyosaki. During this conversation, the host asked Kiyosaki for his thoughts on traditional “inflation hedge” assets. Kiyosaki said, “Gold and silver are God’s money. Bitcoin is people’s open money.” Then on May 13, 2022, he wrote that crashes are the best time to get rich:
Why CRAHES are GOOD: Rich dad taught his son and me “Your profit is made when you buy…not when you sell.” Bitcoin is the future of money. That is why I will back up the truck when the bottom is in. It may be $17k or even lower $11k. Time to get richer is coming. take care. — therealkiyosaki (@theRealKiyosaki) May 13, 2022
On November 11, 2022, Kiyosaki stated that he is not worried about the fall in the price of Bitcoin because he is an investor rather than a trader, and that if the price of BTC drops even to $10,000, instead of worrying, he would be excited (probably because he wants to buy even more BTC to keep them in the long term).
BITCOIN? WORRIED? Yeah. I am a Bitcoin investor as I am an investor in physical gold, silver, & real estate. I am NOT A TRADER or flipper. When BITCOIN hits new bottom, $10 to $12 k? I will get EXCITED, not worried. I bet against the Fed,Treasury, Biden, & bet on G,S, & Bitcoin. — therealkiyosaki (@theRealKiyosaki) November 11, 2022
In turn, on the night of Friday to Saturday (December 30/31, 2022), Kiyosaki told his 2.3 million followers that he was optimistic about Bitcoin because, unlike most other cryptocurrencies, it is a commodity and therefore future actions of the US Securities and Exchange Commission Securities and Exchanges (“SEC”) will not be affected by:
Q: Are you investing in Bitcoin?
A: Yes I am. I am very excited about Bitcoin. Why? Because Bitcoin is classified as a commodity much like gold, silver, and oil. Most crypto tokens are classified as a security and SEC regulations will crush most of them. I am buying more BC — therealkiyosaki (@theRealKiyosaki) December 31, 2022
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