Robert Kiyosaki, author of a popular financial self-education book “Rich Dad Poor Dad” and financial educator, took to the social network Twitter/X to issue an important statement about Bitcoin and a call to the community to start buying. he.
Robert Kiyosaki, author of a popular financial self-education book “Rich Dad Poor Dad” and financial educator, took to the social network Twitter/X to issue an important statement about Bitcoin and a call to the community to start buying. he.
Recently, Kiyosaki shared that he also bought more BTC after the top US regulator approved a spot Bitcoin ETF.
Here is Kiyosaki’s Bitcoin statement to the community
The financial guru tweeted that in the last five months (since the last NFL season began in early September) the US national debt has increased dramatically, adding another $1,000,000,000,000.
“Please buy more gold, silver and Bitcoin,” he tweeted. In his previous social media posts, Kiyosaki criticized the Federal Reserve and the US Treasury and stated that he expects the worst-case scenario to occur and the US dollar to fall into hyperinflation.
Many economists and financiers sounded the alarm last year when the US government removed the “ceiling” on the US national debt, allowing it to grow above $31.4 trillion. Since then, the country’s national debt began to rise rapidly, adding up to trillions upon trillions of dollars and now stands at $34 trillion.
Kiyosaki buys more Bitcoin after ETF approval
Earlier this week, the “Rich Dad Poor Dad” author tweeted that he had acquired five more Bitcoins to add to his BTC stash for fear of upcoming hyperinflation. This aligned with the US Securities and Exchange Commission (SEC) finally giving the green light to detect Bitcoin exchange-traded fund applications filed by a dozen Wall Street firms last year.
This list included BlackRock, Ark Invest and Grayscale. However, on the first day of Bitcoin ETF trading, the new assets managed to attract only $400 million in investor funds in total.
As for the price of Bitcoin, according to analyst predictions, it has retreated from more than $49,000. At this point, the world’s flagship cryptocurrency lost 15.15% (fell to $41,590) and then recovered a bit, now changing hands at $43,043. Recent analytical reports indicated that traders have been selling some of their Bitcoin to lock in profits and also to free up some cash to purchase the recently launched spot Bitcoin ETFs.
Analyst Ali Martínez believes that Bitcoin may sink further.
