Disclaimer: The opinions expressed by our writers are their own and do not represent the views of U.Today. The financial and market information provided on U.Today is for informational purposes only. U.Today is not responsible for any financial losses incurred when trading cryptocurrencies. Do your own research by contacting financial experts before making any investment decisions. We believe all content is accurate as of the date of publication, but some offers mentioned may no longer be available.
Popular financial guru and investor Robert Kiyosaki, famous for his best-selling book “Rich Dad Poor Dad,” who often endorses Bitcoin in his X posts, has taken to social media platform bankruptcy. FTX Sam Bankman-Fried (SBF).
“SBF deceived some of the most famous investors in the world”
The “Rich Dad Poor Dad” author reminded his army of 2.4 million followers that Sam Bankman-Fried had managed to fool stock market investment giants like CNBC’s Mad Money host Jim Cramer , and co-host of the show Shark Tank. Kevin O’Leary, aka Mr. Wonderful. The latter was one of the FTX investors and tried to justify SBF after the FTX exchange collapsed, Bankman-Fried was arrested and the entire financial world branded him a scammer.
Kiyosaki wondered if SBF would be able to “fool the judge and jury” in the same way that, and here Kiyosaki is getting on his hobby horse, the Federal Reserve Chairman and the Treasury Secretary are fooling the world.
Here he refers to the continued money printing undertaken by the US government over the past three years, beginning during the onset of the pandemic, and other measures the Federal Reserve and Treasury have been taking recently, which Kiyosaki criticizes in his X publications.
In today’s X post, he addressed his audience with the need to “wake up and become smart.” He wrote: “Are we a SHIP of FOOLS or is it time we wake up, be smart and say ‘Our world is in financial trouble because of your financial incompetence? Keep your hands off our money.'”
Kiyosaki’s asset list for average investors
Earlier this week, the “Rich Dad Poor Dad” author tweeted that his favorite assets that, as he keeps claiming, are affordable for anyone (gold and silver) had dropped a bit in price. Kiyosaki stated that he does not behave like “Warren Buffett collecting funds”, but rather, as an average investor, he prefers to accumulate the assets that he wants to hold for the long term: for Kiyosaki, these are gold, silver and Bitcoin.
He claimed that he has been accumulating these and real estate for years, purchasing his first gold coin for $50. Today, he pointed out to his followers, the same coin is worth $2,000. “You can get rich by being an average investor, using dollar-cost averaging to get rich,” he wrote.
Kiyosaki’s expectations for the price of Bitcoin
As for Bitcoin, Kiyosaki stated earlier this year that he expected BTC to reach $500,000 by 2025. However, he recently said that the next stop for Bitcoin is $135,000. Between Sunday and Tuesday of this week, the flagship cryptocurrency, BTC, recorded a surprising increase of 15.81%, surpassing the $34,500 level. At the time of writing, digital gold is changing hands at $34,065 after a drop of about 2% over the past two days.
