Robert Kiyosaki is back at it again. Well, to be more accurate, he never left.
Kiyosaki is the best-selling, uber-successful author of Rich Dad Poor Dad–a work that has been sold over 32 million times in more than 50 languages and 100 countries. A general synopsis of the book is about how to achieve financial independence.
Robert Kiyosaki is also very active on Twitter. And he has taken to the platform to voice his thoughts and opinions many a time. On Friday, however, he voiced why he buys and believes in bitcoin.
“Why I buy bitcoin,” he begins. “Pension funds are biggest investment businesses in the world.”
In the same tweet, Kiyosaki referenced an Oct. 3 article from Forbes dubbed, “Your State Pension Is Now Gambling On Cryptocurrency.” The article states that 94% of state and local government pensions are investing in cryptocurrencies.
Referencing inflation, he states that pension funds have always invested in gold and silver, but are now investing in crypto. He adds that “they know fake money, stocks and bonds are toast.”
Kiyosaki’s advice? Invest in “real money.” Gold, silver and bitcoin.
This isn’t the first time the author has made his affinity for bitcoin known. He has been an advocate for quite some time–despite Warren Buffett stating “cryptocurrencies basically have no value and don’t produce anything.”
“Why buy gold, silver, Bitcoin?” asks Kiyosaki. “Bank of England pivot means buy more GSBC.”
He is referencing the recent crash of the British pound in late September. The Bank of England said that many pensions were hours away from collapse. Kiyosaki believes the same thing will happen to the USD by January 2023.
“Will US dollar follow English Pound Sterling?” he asks. “I believe it will.”
In an Oct. 2 tweet, Kiyosaki urged his followers to buy more bitcoin as the Federal Reserve continues to raise interest rates. His logic is the USD will become stronger and bitcoin prices will go lower. Kiyosaki’s advice is simple: “Buy more.”
