Advertisement
AD

Main navigation

New Crucial Reasons for Bitcoin Purchasing Named by Legendary "Rich Dad, Poor Dad" Author

Advertisement
Mon, 19/09/2022 - 13:19
New Crucial Reasons for Bitcoin Purchasing Named by Legendary "Rich Dad, Poor Dad" Author
Cover image via www.youtube.com

Disclaimer: The opinions expressed by our writers are their own and do not represent the views of U.Today. The financial and market information provided on U.Today is intended for informational purposes only. U.Today is not liable for any financial losses incurred while trading cryptocurrencies. Conduct your own research by contacting financial experts before making any investment decisions. We believe that all content is accurate as of the date of publication, but certain offers mentioned may no longer be available.

Read U.TODAY on
Google News
Contents
Advertisement

Prominent investor and author of books on financial literacy, such as "Rich Dad, Poor Dad," Robert Kiyosaki, has taken to Twitter to name a few reasons why it is worth buying the flagship cryptocurrency Bitcoin, among other assets.

"US dollar is dying," Bitcoin, silver, gold are relevant

Kiyosaki has tweeted that a chain of U.S. government actions has led to a dying U.S. dollar, including the U.S. borrowing too much money, rising inflation and the spike of interest rates as a consequence.

He believes that, in the future, Bitcoin, gold and silver are going to rise in price substantially. Over the past two years, the entrepreneur and financial guru Kiyosaki has been talking about these three assets as the key ones.

On Saturday, Kiyosaki shared the same thought, stating that Bitcoin has now become as relevant as ever, as the real inflation has soared 16%, rather than the announced 7%.

In that tweet, he also said that the U.S. debt is skyrocketing and that the recent interest rate rises by the Federal Reserve are going to destroy the American economy.

Related
Ethereum and Its Forks Lose Massively as ETHPoW Drops 80%: Details

Kiyosaki praises BTC's programmed stability

One of the reasons why Kiyosaki got into Bitcoin in the first place, as he told VC investor and Bitcoiner Anthony Pompliano in an interview two years ago, is BTC's computer-programmed certainty.

He mentioned Bitcoin halving, which takes place every four years and cuts miners' rewards for solving computer problems in two. Besides, Bitcoin has a fixed supply of 21 million coins, and it cannot be changed unless more than half of miners agree to that, but they never will, Pomp believes.

Advertisement
TopCryptoNewsinYourMailbox
TopCryptoNewsinYourMailbox
Advertisement

Latest Press Releases

Is Bitcoin Mining Legal? Regions in the World Where Mining Is Legally Permissible
Zircuit, New ZK-Rollup Focused on Security, Launches Staking Program
AI Analysis Launches The AIA Mastercard – The Future of Crypto-Fiat Transactions
VAP Group hosts the majestic Global Blockchain Show 2024 in Dubai
Digital Transformation Week Is Returning to Santa Clara This Summer
Arab Financial Services (AFS) Enter Strategic Alliance with Xpence to Innovate SME Financial Management in Bahrain
Breaking Records: UXLINK Attracts 978,000 New Web3 Wallet Registration with $78,000,000 Deposit asset from February 01 to February 22, 2024
What To Expect from The Bitcoin Halving in April 2024
Testnet Launch for dWallet Network - Composable Modular Signature Network
ETH Denver Top Builders Base by Supermoon, Cointelegraph, NDC, Horizen, & Conflux
Citrea, Bitcoin’s First ZK Rollup, Announces $2.7M Seed Funding
Chromia’s Flagship Game ‘My Neighbor Alice’ Unveils 2024 Roadmap
First-Ever ICO on Bitcoin Blockchain: $3.1M Raised in Under 6 Days
CoinList to Host the MASA Token Public Sale as it Unleashes the World’s Personal Data Network
Sui Reveals Initial Wave of Speakers, Famed Venue for First Annual Basecamp Event
Vitalik Buterin Comes to Taiwan as Keynote Speaker at ETHTaipei 2024
Elevating Europe’s Crypto Hub: Next Block Expo Returns to Poland
Bridging the Data Trust Gap: 2024 RegTech Confab Set to Unlock Africa’s Economic Potential
ApeX Protocol Partners with Alertatron to Enhance Automated Trading Capabilities
TeachMeCode Institute Announces Grand Opening of Cutting-Edge Dubai School
Our social media
There's a lot to see there, too

Popular articles