Bitcoin Has Been Abandoned by the Author of the Rich Dad, Poor Dad Book.
Robert Kiyosaki, the author of Rich Dad, Poor Dad, changed his investing advice in light of this week’s steep decline in the crypto market. Gold, silver, and Bitcoin are no longer the greatest choices for the author at this time.
His latest Twitter post is “Best INVESTMENT: Cans of Tuna Fish. Inflation is about to take off. Best investments are cans of tuna & baked beans. You can’t eat gold, silver, or Bitcoin. You can eat cans of tuna and baked beans. Food is most important. Starvation next problem. Invest in the solution. Take care.”
Best INVESTMENT: Cans of Tuna Fish. Inflation about to take off. Best investments are cans of tuna & baked beans. You can’t eat gold, silver, or Bitcoin. You can eat cans of tuna and baked beans. Food most important. Starvation next problem. Invest in the solution. Take care.
— therealkiyosaki (@theRealKiyosaki) June 13, 2022
For a long time, Kiyosaki has been a proponent of Bitcoin. He advised his fans to purchase Bitcoin in 2021 as a hedge against a possible economic downturn.
The author predicted a huge collapse and new slump” at the time. Inflation in the United States is on the rise, and the Federal Reserve (FED) in the United States has raised interest rates.
For those who follow Kiyosaki, his current investment recommendation is nothing new. Even if it is difficult to fathom his thoughts; he abandons Bitcoin one day and endorses it the next.
The high rate of inflation in the United States — 8.6 percent over the last year — is a major factor in his decision. Despite the fact that interest rates have already been hiked by the Federal Reserve, this is the highest level in four decades.
Also The high inflation we are experiencing after the Covid-19 pandemic and the war between Russia and Ukraine is worrying even the richest, regardless of the country where they live.
Though Robert Kiyosaki had urged investors to purchase Bitcoin after the International Monetary Fund (IMF) warned of a worldwide currency crisis, the dramatic decrease in BTC these last few days has clearly made him a little nervous. It’s important to remember that Kiyosaki has said that the greatest moments to make money in crypto are when Bitcoin drops.
DisClamier: This content is informational and should not be considered financial advice. The views expressed in this article may include the author's personal opinions and do not reflect The Crypto Basic opinion. Readers are encouraged to do thorough research before making any investment decisions. The Crypto Basic is not responsible for any financial losses.
