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Vocal Bitcoin advocate, entrepreneur and financial guru famous for his book “Rich Dad Poor Dad,” Robert Kiyosaki, has taken to social media app continues to print and which, according to him, can lead to a massive economic crisis. He plans to discuss it in a new podcast this week.
Robert Kiyosaki will share his warning in a new podcast
Kiyosaki tweeted that he was a guest on a new podcast run by Daniella Cambone, a former employee of Kitco and Stansberry Research, who decided to leave these companies and start her own podcast.
Kiyosaki will be the guest in the first episode that will air this Friday. He promised that in that podcast he will talk about “how to prosper” and about “the lies America is telling about the failing economy and printing fake money.”
The Fed buys gold but Bitcoin is better: Kiyosaki
In a tweet posted earlier this week, Robert Kiyosaki addressed the fact that central banks in several countries (he used the US Federal Reserve as an example) have started buying gold. The financial guru stated that this in no way suggests that fiat money is safe now. Central banks are buying gold, he claims, to save themselves from their own incompetence.
Safe haven assets that can protect ordinary investors from “central bankers” are gold, silver and Bitcoin. In the comment thread, some members of the crypto community also suggested that Litecoin and XRP could be good options when it comes to cryptocurrencies. However, Kiyosaki does not talk about altcoins, not even Ethereum; He only talks about Bitcoin in his tweets and urges his army of followers to buy it.
On November 10, he posted a tweet saying that he continues to buy more Bitcoin, silver and gold, as the US government (“the leaders”) is pushing average people into poverty. He also urged his followers to take care of themselves and therefore save the aforementioned assets, including BTC.
Cathie Wood predicts Bitcoin will reach $600,000
This week, Ark Invest CEO Cathie Wood, a Bitcoin supporter, made a surprising Bitcoin price prediction, expecting the leading digital currency to skyrocket to $600,000 per coin.
The well-known investor made that statement during her interview with Yahoo! Finance. Wood believes that BTC will eventually reach this predicted price, as its power stems from its scarcity and the large interest that financial institutions have recently developed in BTC.
Ark Invest was among the institutions that filed for a Bitcoin spot ETF this year with the SEC. In fact, Ark Invest was the first to do this, and the regulator extended the deadline for making a decision on the matter until next year. However, some experts believe that the SEC could issue an approval for a BTC spot ETF as early as this year or in early January. The regulator currently has about a dozen filings on its desk, including one from Ark Invest, BlackRock, VanEck, Grayscale and other institutions.
Once a Bitcoin spot ETF gets the green light, the price of Bitcoin will see a massive rally, the crypto community expects.
