Rich Dad Poor Dad’s Robert Kiyosaki Says He’s Buying Bitcoin and Ether as Inflation Escalates

http://motleybloggers.com/wp-content/uploads/2021/11/rich-dad-poor-dads-robert-kiyosaki-says-hes-buying-bitcoin-and-ether-as-inflation-escalates.jpg

Rich Dad Poor Dad's Robert Kiyosaki Says He's Buying More Bitcoin and Ether as Inflation Escalates

The author of the best-selling book Rich Dad Poor Dad, Robert Kiyosaki, has revealed that he is buying more bitcoin and ether amid rising inflation concerns. “Inflation is a tax on the poor and middle class. Inflation makes the rich richer,” he stressed.

Robert Kiyosaki Warns About Inflation, Reveals He’s Buying More Bitcoin and Ether

Robert Kiyosaki, the author of Rich Dad Poor Dad, has revealed that he is buying more bitcoin and ether in response to the alarming rise he sees in inflation.

Rich Dad Poor Dad is a 1997 book co-authored by Kiyosaki and Sharon Lechter. It has been on the New York Times Best Seller List for over six years. More than 32 million copies of the book have been sold in over 51 languages across more than 109 countries.

Kiyosaki tweeted last week:

Dollar Tree becomes $1.25 Tree. Inflation is a tax on the poor and middle class. Inflation makes the rich richer. Get smart. Get richer. I am buying more gold, silver, bitcoin, ethereum, rental real estate, and oil.

When he tweeted about buying more BTC and ETH, the price of bitcoin was about $56,267 while ether was trading at $4,238 based on data from MotleyBloggers.com Markets. At the time of writing, the price of bitcoin is $57,264.26 and ether is trading at $4,294.

Kiyosaki has previously warned about inflation on several occasions. He has also been recommending bitcoin for quite some time.

In October, the famous Rich Dad Poor Dad author tweeted that President Joe Biden and the Federal Reserve are “ripping off poor people,” predicting that the U.S. is sliding into a depression. He noted that Biden and the Fed “need inflation to prevent new depression,” claiming that the two are “corrupt.” He warned that a giant crash is coming, followed by a new depression. He then recommended people buy gold, silver, and bitcoin.

In May, Kiyosaki tweeted that the “Fed wants inflation to pay debt with cheaper dollars,” noting that the “Fed will raise interest rates causing stock, bond, real estate & gold crash.” The famous author added that the “biggest problem” is “boomer retirement,” emphasizing that social security, medicare, and America are “broke.” Noting that the Fed will print “more fake money,” he recommended investors “Stick with gold, silver, and bitcoin.”

What do you think about Robert Kiyosaki’s comments and investment choices? Let us know in the comments section below.

Origina post from
http://motleybloggers.com/rich-dad-poor-dads-robert-kiyosaki-says-hes-buying-bitcoin-and-ether-as-inflation-escalates/

Comments

P2P Bitcoin Traders in Nigeria Think Outside the Box in the Wake of CBN Restrictions

After the Central Bank of Nigeria issued a directive targeting the country’s cryptocurrency industry, bitcoin and altcoin trade volumes on centralized exchanges immediately plunged. Nevertheless, the new regulations seem to have succeeded in boosting crypto trade volumes on informal markets or on peer-to-peer trading platforms. Nigerian Crypto Traders Get Creative Still, the increasing trades on informal platforms have also led to increased reports of users losing money to con artists. Moreover, with the CBN seemingly eager to see volumes of crypto trades plummet, Nigerian users had to find ingenious but legal ways of getting around the central bank’s imposed restrictions. As shown in one local report , one such legal way is through an app created by one local crypto start-up, Patricia. According to the report, this application is already enabling Nigerian users to buy or sell their crypto assets securely and without running afoul of CBN regulations. Therefore, in this repor...

A Jacobin Podcast Review: Critiques on Crypto and Sterlin’s Response

https://motleybloggers.com/wp-content/uploads/2022/01/a-jacobin-podcast-review-critiques-on-crypto-and-sterlins-response.jpg The following opinion editorial is a Jacobin Podcast review written by the author Sterlin Lujan , the chief risk officer with Cryptospace. The Jacobin Podcast episode called: “ Dig: Cryptocurrency w/ Edward Ongweso Jr & Jacob Silverman, ” touches upon “cryptocurrency, NFTs, Elon Musk, the metaverse, meme stocks, and techno-utopianism amid the crushing reality of our neoliberal hellscape.” Cryptocurrency isn’t fringe technology anymore. Over the last decade, it has become embedded into finance, culture, and even our social life. It’s drastically changing the way we think about money, economics, and human action. However, some people, primarily on the left, are skeptical of cryptocurrency. Many of them hate it, regardless of how much of a godsend it has been for many. My friend, thought leader, author, and psychedelic visionar...

Bitcoin, Ethereum Technical Analysis: ETH Back Under $2,000 as Balenciaga Gains Lose Steam

https://motleybloggers.com/wp-content/uploads/2022/05/bitcoin-ethereum-technical-analysis-eth-back-under-2000-as-balenciaga-gains-lose-steam.jpg Following strong gains to start the week, BTC once again fell under $30,000, as crypto prices moved lower on Tuesday. The downturn follows up from yesterday’s rally, which came as Balenciaga announced it would be accepting crypto payments. ETH also dropped, falling under $2,000 today. Bitcoin Bitcoin fell under $30,000 on Tuesday, as bears returned to action following a green start to the week. Following a high of $30,547.50 during Monday’s session, BTC /USD fell to an intraday low of $28,975.56 earlier today. Today’s drop saw BTC fall by over 5% in the day, as bullish sentiment following the Balenciaga crypto announcement faded. BTC /USD – Daily Chart Since then, bears have now pushed prices closer to support at $28,800, which is an area where BTC has resided over the past few weeks. Looking at the chart, the 14-da...

motleybloggers

Search This Blog