Recommended investment in Bitcoin etc.
On the 26th, Robert Kiyosaki, author of the best-selling book “Rich Dad, Poor Dad,” once again urged people to invest in gold, silver, and the crypto asset Bitcoin (BTC) before it’s too late.
Mr. Kiyosaki has long recommended investing in these three assets. One of the reasons for this renewed call for investment appears to be the recent boom in the gold market, with the price of gold approaching an all-time high in US dollar terms, and in some cases hitting new all-time highs.
Great News Gold reaches new high. Bad News: Workers and savers are losers. Bad News: been saying the same for 25- years. Don’t be a loser. Get out of FAKE money system. Get into gold, silver, Bitcoin now …. Before it’s too late.
— Robert Kiyosaki (@theRealKiyosaki) November 26, 2023
connection:Author of Rich Dad: “When the dollar collapses, what matters is how much Bitcoin, gold, and silver you have.”
In the above post on X (formerly Twitter), Kiyosaki described the boom in the gold market as “great news.” On the other hand, he said, “Workers and savers are the losers,” calling it “bad news.” And he says:
I’ve been saying the same thing for 25 years, but I hope you don’t become a loser.
Get out of the fake financial system and invest in gold, silver and Bitcoin before it’s too late.
The “fake financial system” refers to legal currencies such as the US dollar.
connection: Founder of Pantera Capital: “Berkshire Hathaway Vice Chairman’s criticism of Bitcoin is laughable”
Looking at Mr. Kiyosaki’s past claims, it seems that inflation is also behind his recommendation of assets such as Bitcoin. In the past, it has been cautioned that “inflation is not a temporary phenomenon, as stated by Federal Reserve Chairman Jerome Powell, and it is likely that prices will continue to rise for several years.” I’m calling out.
What is inflation?
An abbreviation for “inflation,” which refers to an increase in the prices of goods and services. On the other hand, it also means that the value of money will decrease relatively.
▶️Virtual currency glossary
He also pointed out that blockchain technology, which is the basis of things like Bitcoin, could be an alternative to the Fed’s monetary policy.
connection: Bank deposits of US commercial banks decreased by 13 trillion yen from the previous week due to financial instability
Mr. Kiyosaki also made comments regarding these three assets to X in August of this year.Post. At that time, he expressed the view that “As I have said for years, gold and silver are God’s money, and Bitcoin is the people’s dollar.”
He also predicts that if the world economy collapses at this time, the prices of these three assets will skyrocket. He also expressed an extremely bullish view that the price of Bitcoin could rise to $1 million (approximately 140 million yen).
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