TL; DR failed
- Prominent author Rich father, poor father, buys more bitcoin and atrium amid inflation concerns.
- The fearless author has accused the US and Federal Reserve leaders of printing more money.
Robert Kiyosaki, the famous author of The Rich Dad Poor Dad, is buying digital currency. His decision stems from the continuing rise in inflation in the country. This man believes that BTC and ETH are limited and can not lose their value against the US dollar.
Kiyosaki recently criticized the country’s prosperity on Twitter. He feels that prosperity is punishing the most deprived and the lowest class – those around the base of the pyramid. However, superior people enjoy it. It makes them richer.
Robert Kiyosaki points to high inflation and says he is buying digital currency
He added that he buys gold, digital currency and real estate only because of rising costs. The famous expert pointed out that Fiat currency is rapidly losing its credibility.
Kiyosaki is one of the authors of the best-selling novel The Rich Dad of the Poor Dad in 1997. For more than half a decade, this novel has maintained a high position in a leading article. So far, the sales record of this novel has sold nearly 32 million copies. This famous book contains more than 51 translations and is available in nearly 109 states.
When Robert tweeted about buying Bitcoin and Atrium, their market costs were $ 56,257 and $ 4,238, respectively. This is according to coinmarkets.com. However, at present, the BTC market value is $ 57,264.26, while the ether is priced at $ 4,294.
This is not the first time Kiyosaki has warned of inflation. He is steadfast in his warnings of inflation. He has also never shied away from promoting bitcoin and recommending it as an alternative to the dollar.
Robert Kiyosaki targets President in his Twitter slogans
Last month, the popular tweeted targeted US and Federal Reserve leaders. He accused the presidency of destroying the deprived. He also speculated that the United States was having a difficult time with the dollar. Robert also accused the Federal Reserve leader and senior officials of helping inflation to its advantage. In addition, he claimed that the leader and the Federal Reserve are corrupt.
He also pointed to a new wave of inflation that would break the dollar. Then there will be severe depression. As a benchmark, people were asked to buy crypto, silver or gold.
Kiyosaki released another controversial tweet in the second quarter of the year. He accused the Federal Reserve of stimulating inflation to repay less dollar loans. He also said that the Federal Reserve will increase interest rates on loans. As a result, stock markets, bonds, assets and gold will fall.
The author emphasized retirement as a major challenge. He touched on social security, medical care and the state of “failure”. He noted that the Federal Reserve is likely to print some extra counterfeit currency. Therefore, the famous author believes that investors should focus on digital currencies, silver and gold.