Main navigation

'Rich Dad Poor Dad' Author Says Time to Buy Bitcoin, Not Stocks and Bonds

Advertisement
Thu, 21/03/2024 - 12:47
'Rich Dad Poor Dad' Author Says Time to Buy Bitcoin, Not Stocks and Bonds
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

Renowned investor and book author (famous for his book on financial literacy “Rich Dad Poor Dad,” published in the late 1990s and several books on financial markets that followed) Robert Kiyosaki has taken to the social media platform X (formerly popular as Twitter) with a warning about the current state of the financial markets and the role of Bitcoin in the current economic situation.

Kiyosaki is known as a vocal Bitcoin investor, however, he also favors gold and silver for long-term holding.

Time to buy "as many Bitcoin as you can afford"

Kiyosaki published a tweet speaking about a major problem that the global economy faces now – “consumers of the world have stopped buying.” Besides, he mentioned serious trouble with the world’s second largest economy, China.

The renowned investor believes that stocks and bonds are the wrong assets to buy in these conditions. Instead, Kiyosaki thinks that it is time to buy physical gold and silver and also “as many Bitcoin as you can afford.”

Earlier this week, the writer and investor also

Bitcoin heading for $300,000 thanks to halving - Kiyosaki

Earlier this year, Kiyosaki, like many other Bitcoin believers, spoke about the approaching Bitcoin halving event on Twitter/X, emphasizing its massive importance. Similarly to many Bitcoiners, the author of “Rich Dad Poor Dad,” Kiyosaki, expects the Bitcoin price to skyrocket after this significant milestone since it will push BTC closer to its ultimate scarcity.

After the halving scheduled for late April, the amount of BTC mined per block will be cut from 6.25 to 3.125 BTC and, therefore, the overall amount of Bitcoin produced daily will fall from 900 to 450 BTC. Kiyosaki believes that powered by the halving and the current Bitcoin ETF inflows, BTC will soar to $300,000 by the end of the year.

Advertisement
TopCryptoNewsinYourMailbox
TopCryptoNewsinYourMailbox
Advertisement

Latest Press Releases

Our social media
There's a lot to see there, too

Popular articles

Advertisement
AD