Robert Kiyosaki, prominent investor and entrepreneur, famous for his classic non-fiction book on personal finance management “Rich Dad Poor Dad”, posted a bullish tweet on Bitcoin after his recent astonishing move, which took BTC by above the $62,000 level.
Robert Kiyosaki, prominent investor and entrepreneur, famous for his classic non-fiction book on personal finance management “Rich Dad Poor Dad”, posted a bullish tweet on Bitcoin after his recent astonishing move, which took BTC by above the $62,000 level.
Over the past 24 hours, the world’s flagship cryptocurrency, Bitcoin, soared more than 11%, briefly jumping above the $63,000 level.
Robert Kiyosaki praises Bitcoin against the US dollar
Finance and investment expert Kiyosaki posted a tweet to comment on the mind-blowing rise that Bitcoin has experienced in the last 24 hours, going from the $57,140 area to the $63,650 level. That massive rise was followed by a pullback, causing BTC to drop a bit and put it at the $62,770 level, where it is exchanging hands at the time of this publication.
Earlier this week, the financial expert took to social media platform X to inform his 2.1 million followers that he was purchasing Bitcoin. The main reason for this was that Kiyosaki believes that the banking crisis is worsening and that risks are also increasing in the geopolitical sphere.
The financial guru also highlighted that central banks around the world are preparing to launch their own centralized cryptocurrencies (CBDC) in order to spy on the population. For these reasons, the “Rich Dad Poor Dad” author tweeted, he was buying more Bitcoin and also silver coins to use instead of “fake US dollars” as money.
However, if Bitcoin were to crash, Kiyosaki recently stated, he would be happy with that and simply acquire more of the leading digital currency. “Sell” is his favorite word about financial markets, as it presents an opportunity to buy falling assets.
Kiyosaki recently criticized the Federal Reserve, claiming that it has ruined the American economy and made the middle and lower classes poorer than they were.
This is what is driving Bitcoin up
Bitcoin has been rising stubbornly recently due to growing interest from spot exchange-traded funds and the overall increase in bullish sentiment thanks to it. Spot ETFs were approved by the SEC on January 11, and since then, these companies led by BlackRock and Fidelity have been raking in 12 times the Bitcoin miners can mint per day.
