A few hours ago, Robert Kiyosaki, author of the bestselling book on finance and investment, Rich Dad Poor Dad, advised his over a million followers via a post published on Twitter, the American microblogging platform. Kiyosaki had called a bitcoin boom, admonishing his followers to buy more bitcoin because of the crashing US dollars. Here is how the prominent bitcoin protagonist puts it:
Bitcoin boom beating gold and silver. What does that mean? It means you better buy as much as you can now. Train is moving. Dollar dying. Silver still affordable for everyone. As dollar crashes what counts is not price but how many coins of gold, silver, or Bitcoin you own.
Kiyosaki believes that the bitcoin train is moving, moving quite fast against the US dollars and other precious metals such as gold and silver. Kiyosaki does not pretend not to have some affection for gold and silver, but he opines that, perhaps because this is an halving year and the historical start of a bull market, bitcoin has more chance for growth at the moment. Also, Kiyosaki expects that the US dollar will decline further in the coming days, which makes bitcoin, gold, and silver fine hedges.
Today's tweet is not the first time Robert Kiyosaki would be advocating bitcoin and predicting a promising future for the king of cryptocurrencies. In a period when most countries of the world were implementing lockdowns to quell the outbreak of Covid-19, Kiyosaki predicted that bitcoin would hit $75,000 within the next three years. In the month which followed, Kiyosaki also cautioned the world about a looming bank crises and a collapse of the global economy.
Presently trading at $16,337, bitcoin is showing sign of life and only time will tell if this current price is a good entry point following the words of Robert Kiyosaki, the investment guru.
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He had done that on youtube previously as well. I will go comment to advise them to buy HIVE and LEO.
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I agree and don't agree. I'm also holding a lot of cryptos, silver, and gold miner stocks. I also think dollar will fall - but not crash. That would cause such a deception by American people, voters, politicians can't afford that. The Fed has methods to limit dollar depreciation. Can rise interests if necessary, or stop asset buying programs.
And, if cryptos surge, I prefer to sell some. because of the incredible jumps and falls, volatility. (I never sell all of it.) I sold bitcoin at 3,000, 6,000 and 17,000 in 2017. (Bought back some of it later, at lower level.) I sold 0,1 BTC at 16,400 this year. I will buy it back if it falls again.