An expert who previously praised the largest cryptocurrency, Bitcoin (BTC), pointed out that he was buying at its current price. Robert Kiyosaki, one of the best-selling authors with his economics/advice book Rich Dad, Poor Dad, shared his latest comments. Here are the details…
Robert Kiyosaki hopeful for biggest cryptocurrency
Rich Dad Poor Dad author Robert Kiyosaki explained that he is focusing on BTC in the depths of the bear market. He says he is buying more Bitcoin (BTC) at current prices as the “king” of crypto trading. The author explained the reason behind investing in Bitcoin in a tweet to his 2.3 million followers. Kiyosaki argues that, unlike altcoins, Bitcoin will have no problems with regulation. He says BTC could escape the “regulators lure”. He also answered himself when asked if he invested in Bitcoin as follows:
Yes, I am investing. I am very excited for Bitcoin. Why is that? Because Bitcoin is classified as a commodity like gold, silver and oil. Most crypto securities and SEC regulations will crush most of them. I buy more BTC.
Rich Dad Poor Dad is a 1997 book co-written 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 over 109 countries in over 51 languages.
Kiyosaki even more optimistic about precious metals
The BTC bull is also optimistic about the precious metals markets. It predicts a rally for both gold and silver in 2023. Moreover, it potentially signals a stock market crash. It calls for an increase of 108 percent and 213 percent in gold and silver, respectively, in the event of such a collapse. Kiyosaki used the following statements:
I became a golden bug in 1972. In Vietnam, I was a naval pilot flying behind enemy lines in hopes of buying discounted gold because the mine was in enemy hands. I learned that the price of gold is the same all over the world. I predict silver will hit $75 and gold $3,800 in 2023… I discovered silver in 1964. I was looking at a coin and saw a copper color around the edges. I was only 17, but I knew we were being ripped off with our money. I didn’t know at the time that the US government violated the Gresham Act, which states that counterfeit money prevents gold and silver.
Kiyosaki’s previous comments
Rich Dad Poor Dad author has been telling investors to buy gold, silver and Bitcoin for a while now. Earlier, cryptocoin.com stressed that it only invests in physical gold and silver, not gold or silver exchange-traded funds (ETFs). Many on Twitter reminded Kiyosaki that he had been making the same warning for years. Some opposed the famous author, expecting the price of gold to fall from its current level.