Robert Kiyosaki, a venture investor and entrepreneur who is most renowned for his book “Rich Dad Poor Dad,” has addressed his followers on the X platform to discuss Bitcoin.
He responded to a frequently posed query in the form of a brief “question and answer” session on Twitter, thereby disclosing a significant aspect of Bitcoin and his perspective on the subject.
Kiyosaki criticizes the United States currency in relation to Bitcoin
Kiyosaki, a financial expert, recently disclosed that he has recently increased his investments in Bitcoin and gold, which are considered safe haven assets. He believes that the accumulation of these two assets is significantly more secure than the accumulation of fiat currencies, such as US dollars.
Nevertheless, certain commentators refuted Kiyosaki’s arguments. According to numerous tweets from Kiyosaki, Litecoin is also a viable investment due to its status as “digital silver.”
Another user of X claimed that Bitcoin has a significant issue: it is denominated in US dollars, a currency that Kiyosaki strongly dislikes.
Bitcoin, the world’s first cryptocurrency, has experienced a substantial decline in the past 24 hours, with an approximate 4.25% loss. On Friday, it was able to regain the $100,000 level following the release of the non-farm payrolls report. It displayed values that were less than anticipated. Nevertheless, it has since plummeted to a trading price of $96,145 per coin.
Nevertheless, Robert Kiyosaki consistently endorses price declines in all commodities, including gold, silver, and Bitcoin. On February 3, he announced that the “brutal market crisis” had arrived and that the stock, bond, real estate, gold, silver, and Bitcoin markets were in a state of collapse in a tweet. He intended to acquire additional Bitcoin, silver, and gold prior to the transfer of the most desirable assets.
“This is the optimal moment to accumulate wealth,” he declared. Bitcoin experienced a decline from $98,000 to the $92,200 range on that particular day.
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