The famous author of the best-selling book Rich Dad Poor Dad, Robert Kiyosaki, says he likes bitcoin and calls the cryptocurrency “people’s money.” While he admitted that he doesn’t know much about bitcoin, he said, “I’m glad I bought it at six.”
Robert Kiyosaki says that Bitcoin is the “money of the people”
Rich Dad Poor Dad author Robert Kiyosaki spoke about bitcoin while discussing “Why Cash is Garbage in 2023” during his Rich Dad Radio Show podcast posted Wednesday. Rich Dad Poor Dad is a 1997 book co-authored by Kiyosaki and Sharon Lechter. It has been on the New York Times Best Seller list for over six years. More than 32 million copies of the book have been sold in more than 51 languages in more than 109 countries.
During the podcast, Kiyosaki called gold, silver and bitcoin “the hottest topic on the market today,” noting that real estate is no longer a hot topic. Emphasizing that the US dollar is “counterfeit money”, the famous author said:
I like Bitcoin. I call it people’s money. Now I don’t know much about Bitcoin, but I’m glad I bought it at six. That’s all I know now.
Kiyosaki previously said that he bought bitcoin at $9K. “I bought bitcoin at $9,000 and I thought I was being ripped off, but the reason I bought it at $9,000 was because Covid shut down the world economy,” he told Kitco News in April 2021. “I think it’s going to $1.2 million in five more years,” he predicted at the time.
The author of Rich Dad, Poor Dad recently said that he is buying more BTC. Last year, he explained why he invests in bitcoin, noting that he’s an investor, not a trader, which is why he gets excited when the bitcoin price hits a new low.
Kiyosaki has been recommending bitcoin alongside gold and silver for quite some time. Last week, he discussed why all three investments are rising the most.
He expects bitcoin investors to get rich when the Federal Reserve spins up and prints trillions of dollars. In September of last year, he urged investors to get into crypto now before the biggest economic collapse in world history occurs. However, he also warned that the US Securities and Exchange Commission (SEC) will crush most cryptocurrencies.
Meanwhile, the renowned author said that “we are in a global recession,” warning of rising bankruptcies, unemployment and homelessness.
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