It seemed that Robert Kiyosaki, author of the best-selling business motivational book “Rich Dad Poor Dad,” would finish the year 2022 without a definitive position on Bitcoin and cryptocurrencies, but on the last day of the year, he revealed his current stance on the subject.
Kiyosaki is first highly enthusiastic about Bitcoin. He continues to invest in Bitcoin, mostly because it is categorized as a commodity, like an author’s favourite assets: gold, silver, and oil. It is intriguing that the author continues to invest at present prices rather than waiting for the previously projected Bitcoin price of $1,000.
Kiyosaki’s outlook on other cryptocurrencies is dramatically different, with the majority of them expected to be crushed by the U.S. Securities and Exchange Commission’s regulatory actions.
In his worldwide prediction for 2023, the author warns readers to brace themselves for another difficult year. According to his speech, by 2024, the U.S. Federal Reserve’s strategy of increasing interest rates would cause the collapse of several industries, including the real estate market, and a decline in personal income.
Robert Kiyosaki reaffirms in his conclusion that only the intelligent and well-informed would become wealthy under such conditions.
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