Bestselling author Robert Kiyosaki is putting all his hope and dreams into bitcoin.
Robert Kiyosaki: Invest in Bitcoin Now!
In a recent series of tweets, the bestselling author of “Rich Dad, Poor Dad” announced that the release of trillions back into the economy – aka, the recent stimulus package designed to hit back against the coronavirus pandemic – was a huge mistake. He explained that the dollar is on the verge of dying out, and he’s advising everyone to put their money into assets like gold, silver, and of course, bitcoin.
One tweet graphically explains:
DEATH OF DOLLAR. People desperate for money. It’s sad. If government gives you free money, take it, yet spend it wisely. DO NOT SAVE. Buy gold, silver, bitcoin. Dollar is dying. Silver $20. Best buy for future security. Everyone can afford $20, especially with free fake money.
It seems like people have already begun taking his advice. In fact, people were buying bitcoin long before Kiyosaki even gave the currency its newfound support. Recently, many cryptocurrency exchanges from Coinbase to Binance reported that sales of bitcoin and other forms of crypto had gone up, and that many of these transactions came out to around $1,200, which was the amount of money many Americans received via their stimulus checks.
It appears that many citizens are with Kiyosaki on this one. They believe that inflation and other economic problems could arise soon thanks to the ongoing COVID-related bailouts and stimulus checks. Bitcoin, gold, and other assets are now being looked at as valid tools to potentially hedge wealth and keep money safe during times of economic strife.
The reason I endorse bitcoin is just for one freaking reason – you’re not part of the system.
In other words, bitcoin is not centralized the way traditional finance is. It’s not part of any financial system, and thus cannot be regulated or controlled by any governing body. The people who use bitcoin are in control, and thus are free from any harmful decisions the government or the Treasury might want to make.
Kiyosaki is on the same plain as many other wealthy investors, one being Elon Musk, the CEO of SpaceX and Tesla. In a recent interview, Musk commented that the stimulus checks were a huge mistake, and that the government cannot simply print money out of thin air the way it did. Overall, while the stimulus package may have aided the economy in the short term, it looks like many businessmen and analysts alike are not convinced it will edge out any serious problems.
Will the U.S. Dollar Last?
Kiyosaki also believes that bitcoin could reach as high as $75K in the coming years. He stated in a follow-up tweet:
ECONOMY dying. FED incompetent. Next BAILOUT trillions in pensions. HOPE fading. Bought more gold, silver, bitcoin. GOLD @$1700. Predict $3000 in 1 year. Silver @ $17. Predict $40 in 5 years. Bitcoin @$9800. Predict $75000 in 3 years. PRAY for the BEST-PREPARE for the WORST.