Robert Kiyosaki of Rich Dad Poor Dad Says He’s Buying Bitcoin and Ether as Inflation Rises
Robert Kiyosaki of Rich Dad Poor Dad Says He’s Increasing His Bitcoin and Ether Purchases as Inflation Rises
Robert Kiyosaki, author of the best-selling book Rich Dad Poor Dad, has stated that he is increasing his holdings in bitcoin and ether in response to rising inflation fears. “Inflation is a levy on the working class and the poor. “Inflation enriches the wealthy,” he said.
Robert Kiyosaki, author of Rich Dad Poor Dad, has stated that he is increasing his holdings in bitcoin and ether in reaction to the worrisome rise in inflation that he has seen.
Kiyosaki and Sharon Lechter co-authored the 1997 book Rich Dad Poor Dad. It has spent nearly six years on the New York Times Best Seller List. The book has been translated into over 51 languages and sold in over 109 countries.
Last week, Kiyosaki tweeted: The Dollar Tree is renamed the $1.25 Tree. Inflation is a burden on the working class and the poor. Inflation enriches the wealthy. Develop intelligence. Increase your wealth. I’m increasing my holdings of gold, silver, bitcoin, ethereum, rental property, and oil.
When he tweeted about purchasing further BTC and ETH, bitcoin was trading at about $56,267 and ether was trading at $4,238 according to data from Bitcoin.com Markets. At the time of writing, bitcoin is worth $57,264.26 and ether is at $4,294.
Several times in the past, Kiyosaki has warned against inflation. He has also been a proponent of bitcoin for a long period of time.
In October, the renowned Rich Dad Poor Dad author tweeted that President Joe Biden and the Federal Reserve are “robbing poor people,” forecasting that the United States is on the verge of a depression. He said that Biden and the Fed “need inflation to avert a fresh depression,” implying that both are “corrupt.” He warned of an impending massive collapse, followed by a new slump. He then advised people to purchase gold, silver, and bitcoin.
In May, Kiyosaki tweeted that the “Fed wants inflation in order to pay debt with cheaper dollars,” adding that the “Fed will hike interest rates, resulting in a stock, bond, real estate, and gold collapse.” The renowned author said that the “most serious issue” is “boomer retirement,” adding that social security, Medicare, and America are all “broken.” Noting that the Federal Reserve would continue to generate “false money,” he advised investors to “stick with gold, silver, and bitcoin.”
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