A co-founder of the Satoshi Nakamoto Institute, Pierre Rochard, has taken to Twitter to comment on a recent post from Mike Novogratz.
The former hedge fund manager and the Galaxy Digital CEO shared his expectations that despite the economic crisis, household income may actually rise in the US.
Pierre Rochard responded, saying that the best real-estate these days is Bitcoin and that it is easier to invest in.
By bringing up the topics of Bitcoin and real estate he touched upon the two things loved by Robert Kiyosaki – the ‘Rich Dad, Poor Dad’ author.
‘The world’s best real estate: Bitcoin’
Mike Novogratz believes that even with the gloomy possibility of unemployment in the US rising 25 percent due to the massive economic recession, household revenues may still be higher this year in the US.
He also says that the crisis is making people rush into the stock market and Bitcoin.
In response to that, Rochard tweeted that smart house owners should sell their properties and invest in Bitcoin, since he believes it to be the best real estate in the world at the moment. Rochard explains his take by saying that all Bitcoin requires is buying and hodling, while real estate needs to be managed and looked after, including numerous expenses on repairs, renovations, rent strikes, etc.
Smart landlords should be selling their properties and buying the world’s best real estate: #Bitcoin.— Pierre Rochard (@pierre_rochard) May 6, 2020
Holding bitcoins is a lot easier than correctly managing a real estate portfolio (dealing with occupancy, renovations, repairs, lawyers, regulators, bankers, and rent strikers). https://t.co/sLrIwYLouF
World-renowned real estate investor advocates Bitcoin
Robert Kiyosaki, the world famous investor in real estate and precious metals is also known to many as the author of the ‘Rich Dad, Poor Dad’, where Kiyosaki emphasizes the importance of teaching children financial literacy.
He describes his experience with real estate during the crisis of 2009.
BITCOIN vs DEBT. 2009 Bitcoin was born. Did not buy. Did not understand. Instead BORROWED $300 million to purchase 7000 rental units. Made millions tax free BOUGHT gold silver. LESSON it’s NOT the asset. It’s the investor that makes the money. STUDY CHOOSE TEACHERS before asset.— therealkiyosaki (@theRealKiyosaki) April 8, 2020
Kiyosaki also believes that you should invest in what you love but you have to thoroughly study it first.
What he loves seems to be Bitcoin, precious metals (gold, silver) and real estate.
“INVEST FOR FREEDOM. Thanks for questions on how to use crisis to get free. #1. INVEST IN WHAT YOU LOVE. STUDY WHAT YOU LOVE. I love being an entrepreneur. I study entrepreneurs. All friends entrepreneurs. I love gold & silver. I love real estate. I live for freedom not security.”
As the current financial crisis broke out, Robert Kiyosaki seems to be betting more and more on Bitcoin.
GOLD & SILVER Gods money. BITCOIN-Open Source-PEOPLES MONEY. Bitcoin, gold& silver important because not controlled by Fed, Treasury or Wall Street. GET IT? Even if unemployed REAL silver still available at about $25 for US Silver Eagle. Everyone can afford $25. GET IT?— therealkiyosaki (@theRealKiyosaki) April 15, 2020