Robert Kiyosaki, an American businessman and novelist, best known for his 1997 best-seller book Rich Dad Poor Dad shared his take on the recent announcements of more financial stimulus by the US government.
Kiyosaki has been a vocal proponent of Bitcoin for quite some time. Unlike other prominent Bitcoiners, he does not dismiss traditional safe-haven assets such as gold, and he recently tweeted that he was buying additional gold, silver, and Bitcoin.
However, this is not the first time Kiyosaki has referred to Bitcoin’s falling price as “great news.” he previously asserted that he might start buying the primary cryptocurrency when the price falls to $27,000. He even recommended people to invest in it and other safe-haven assets such as gold and silver.
In May, Kiyosaki tweeted that
Bitcoin crashing. Good news. Getting ready to buy more. Remember the problem is not Elon Musk or Bitcoin. The problems are the Fed, Treasury, and Biden. Gold, silver and Bitcoin are the solutions. Take care.
He further explains that “fed wants inflation to pay debt with cheaper rates. Fed will raise interest rates causing stock, bond, real estate & gold to crash the biggest problem boomer retirement. Social Security Medicare & America broke. Fed to more fake money. Stick with gold, silver, and Bitcoin.”
Kiyosaki has been pushing bitcoin for a long time because he believes the dollar is on its way out. In April, he forecasted that the price of Bitcoin will reach $1.2 million “in five years.”
Bitcoin to demonstrate it’s worth
Kiyosaki is now a supporter of BTC, although this was not always the case. He has supported the idea of buying precious metals for a long time and said BTC might not survive the next global crisis in January 2020. He claimed that the cryptocurrency has to demonstrate its worth.
And, indeed, such a crisis occurred very soon following his statement. The COVID-19 pandemic shook the world, and governments responded by printing massive sums of fiat currency to alleviate the financial suffering. Bitcoin not only survived but thrived in the aftermath of the financial catastrophe.
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