Kiyosaki’s recommendations on Bitcoin are not new, as he has repeatedly repeated that the dollar “is dying.”
Guru Robert Kiyosaki, investor and author of the best-seller “Rich Dad Poor Dad,” has long been a supporter of cryptocurrencies. And now, after the collapse of the price of Bitcoin, he believes that it is time to invest.
In a message he posted on Twitter, he explained: “I heard: ‘I can’t afford bitcoins.’ Bitcoin is falling, good news. Now is your chance. Educate yourself. Buy coins that beat bitcoin for pennies. Stop whining and take action.”
Kiyosaki did not comment on another cryptocurrency other than Bitcoin, although he clarified that each investor must evaluate which one to bet on. For example, there is the case of Dogecoin that when it was launched its value was negligible, much less than a penny on the dollar, and rose 20,000%.
Kiyosaki’s recommendations on Bitcoin are not new, as he has repeatedly repeated that the dollar “is dying.” Last April, he predicted that the price of Bitcoin could reach as high as $ 1.2 million in the next five years.
Kiyosaki also stressed that in addition “the FED wants inflation to pay the debt with cheaper money.” The Fed will raise interest rates which would bring down stocks, bonds, real estate and the value of gold.
Robert Kiyosaki, the author of “Rich Dad Poor Dad,” in 1997 co-authored with Sharon Lechtet, has kept his publications on the New York Times best-seller list for more than five years. 32 million copies of the book have been sold in 109 countries translated into at least 50 languages.