Leading Bitcoin advocate and educational entrepreneur, also famous for his popular financial education book “Rich Dad Poor Dad,” Robert Kiyosaki, has issued an important statement regarding the Federal Reserve and the world’s flagship cryptocurrency.
Leading Bitcoin advocate and educational entrepreneur, also famous for his popular financial education book “Rich Dad Poor Dad,” Robert Kiyosaki, has issued an important statement regarding the Federal Reserve and the world’s flagship cryptocurrency.
Kiyosaki shares his opinion
The investor shared his disapproval of the US Federal Reserve in his recent tweet while ironically criticizing it (contrary to popular advice to “not fight the Fed”) and urging his community of 2 million people on X to buy Bitcoin as well as silver and gold.
This tweet comes after another recent message from Kiyosaki posted this week. On February 15, the financial guru (as many refer to Kiyosaki) tweeted that he believes it is much more prudent to trust Bitcoin than the Federal Reserve.
He explained the reasons for his discontent with the US central bank. Kiyosaki believes that the Federal Reserve is a major problem for the American economy because it has destroyed it. He has also “impoverished the poor and middle class, and bailed out his rich banking friends,” according to his tweet posted Thursday.
Robert Kiyosaki asks his followers to pay less attention to what the Federal Reserve says or does and instead rely on Bitcoin as a safe haven asset.
“Bitcoin will take off, gold will collapse”: Kiyosaki
Earlier this week, the investor made a prediction that Bitcoin will take off as banks are not buying US Treasuries and preferring to stock up on gold. Kiyosaki believes that gold will fall back below the $1,200 level in the near future; This was another reason he gave for his expectations that the price of Bitcoin would rise soon.
Over the past week, “digital gold,” as Bitcoin is often referred to by its maximalists, has demonstrated an impressive rise of over 8%, rising from the $47,953 level to $51,802, where it is changing hands at the time of writing. this article. .
Bitcoin’s rapid price growth this week has been largely spurred by massive Bitcoin inflows into spot ETFs over the past three days. They have accumulated almost $3 billion in Bitcoin, with BlackRock and Fidelity spot ETFs leading the way. On Friday, cumulative admissions reached $701 million, the largest single-day admission ever.
