'Rich Dad Poor Dad' Author: I’m Saving Bitcoin – Inflation Is Winning
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Robert Kiyosaki, a popular expert in finance management and the author of the classic book on financial literacy “Rich Dad Poor Dad,” has sent another important message to his audience on the X social media app.
Kiyosaki has highlighted the importance of Bitcoin after the recent announcement made by the U.S. Fed Reserve.
"Inflation is winning," Fed chairman admits
In his tweet, Kiyosaki referred to the recent statement made by the head of the U.S. Federal Reserve Jerome Powell. According to him, inflation continues, and rather than going down, it remains high, having a negative impact on the U.S. economy. The promises about inflation being transitory are no longer valid, Kiyosaki stressed.
The financial expert believes that the majority of people are not aware what this statement made by Powell means to them, their families and for the global economy. The layman’s explanation for this given by Kiyosaki sounds like “we’re screwed.”
Kiyosaki has cited his “Rich Dad Poor Dad” book that was published 27 years ago and remains popular now that “savers are losers,” adding in his tweet that since 1913, the U.S. dollar has lost 95% of its purchasing power. The year 1913 was when the Federal Reserve was formed.
Kiyosaki saves up Bitcoin
Robert Kiyosaki tweeted that in light of the aforementioned Powell-made statement, he feels it is especially important now to save “real gold, silver and Bitcoin,” and this is what he has been doing: “I am a hard, real money, advocate, and I only save real gold, silver, and Bitcoin.”
Issuing a call to his 2.1 million followers, Kiyosaki warned them: “Please wake up and take control of your money and your information.”
Yuri MolchanKiyosaki's plan should Bitcoin crash to $200
Earlier this week, Kiyosaki talked about recent statements made by financial expert Harry Dent. The latter expects "the biggest 'everything' crash” to hit the U.S. economy soon, with the S&P Index in particular to crash 80% and Bitcoin to collapse to $200 per coin.
The biggest losers, he believes, will be the baby boom generation, with their real-estate property in danger of losing most of its market value.
Should Bitcoin crash, Kiyosaki says he will just buy as much as he can afford to match that price collapse.
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