Bitcoin

Gold

<p class="is-style-lead">Gold’s recent push to an all-time high price is “great news,” according to author Robert Kiyosaki, who once again urged investors to put their money in the precious metal as well as Bitcoin (<a href="https://crypto.news/price/bitcoin/" data-type="link" data-id="https://crypto.news/price/bitcoin/">BTC</a>).</p> 
<p>The Bitcoin proponent and acclaimed author of the popular personal finance book “Rich Dad Poor Dad” took to social media, where he has a following of over 2.4 million, and name-dropped Bitcoin as a worthy investment pathway.</p> 
<figure class="wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter">
 <div class="wp-block-embed__wrapper"> 
  <blockquote class="twitter-tweet" data-width="550" data-dnt="true">
   <p lang="en" dir="ltr">Great News Gold reaches new high. Bad News: Workers and savers are losers. Bad News: been saying the same for 25- years. Don’t be a loser. Get out of FAKE money system. Get into gold, silver, Bitcoin now…. Before it’s too late.</p>— Robert Kiyosaki (@theRealKiyosaki) <a href="https://twitter.com/theRealKiyosaki/status/1728619993213120619?ref_src=twsrc%5Etfw" target="_blank" rel="noopener">November 26, 2023</a>
  </blockquote>
  <script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script> 
 </div>
</figure> 
<p>Kiyosaki’s latest statement aligns with his <a href="https://crypto.news/stock-up-on-tuna-and-bitcoin-what-you-need-to-know-about-robert-kiyosaki/" data-type="link" data-id="https://crypto.news/stock-up-on-tuna-and-bitcoin-what-you-need-to-know-about-robert-kiyosaki/">previous</a> remarks on prioritizing investments in the leading cryptocurrency.&nbsp; </p> 
<p>Recently, concerned by the potential impact of <a href="https://www.imf.org/en/Blogs/Articles/2023/07/27/inflation-remains-risk-confronting-financial-markets" target="_blank" rel="noreferrer noopener">inflationary policies</a>, the financial educator advised traders and investors to consider investing in BTC as a protective measure.</p> 
<p> You might also like: <a href="https://crypto.news/bitcoin-could-rally-to-100000-and-beyond-expert-predicts/"> Bitcoin could rally to $100,000 and beyond, expert predicts </a> </p> 
<p>The bestselling author asserted that inflation, which he associated with Marxist ideologies, drives up prices while true capitalism strives to lower prices.&nbsp;</p> 
<p>He claimed that the current American leadership may lean towards Marxist principles, forcing people to consider securing their wealth in gold, silver, or Bitcoin instead of the rapidly depreciating dollar.</p> 
<figure class="wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter">
 <div class="wp-block-embed__wrapper"> 
  <blockquote class="twitter-tweet" data-width="550" data-dnt="true">
   <p lang="en" dir="ltr">TRUE CAPITALISTS bring prices down causing DEFLATION. MARXISTS raise prices causing INFLATION. Our leaders are Marxists which is why we have inflation. Protect yourself from our Marxist leaders. Save Gold, Silver, Bitcoin not dollars.</p>— Robert Kiyosaki (@theRealKiyosaki) <a href="https://twitter.com/theRealKiyosaki/status/1727192952232100222?ref_src=twsrc%5Etfw" target="_blank" rel="noopener">November 22, 2023</a>
  </blockquote>
  <script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script> 
 </div>
</figure> 
<p>Back in June, Kiyosaki also <a href="https://crypto.news/robert-kiyosaki-sounds-alarm-over-bank-failures/" target="_blank" rel="noreferrer noopener">cautioned</a> that numerous regional banks and mortgage firms were teetering on the brink of failure. He even forecasted a looming crash in the real estate sector, potentially more severe than the 2008 housing crisis.</p> 
<p>Even then, his solution for the disaster was for Americans to accumulate Bitcoin and precious metals.&nbsp;</p> 
<p>Kiyosaki also anticipates that Bitcoin’s value will <a href="https://crypto.news/rich-dad-robert-kiyosaki-says-btc-going-to-100k/" target="_blank" rel="noreferrer noopener">breach</a> the six-figure threshold by 2024. This prediction is based on his belief that the U.S. dollar’s strength will wane following the introduction of a new <a href="https://www.reuters.com/markets/currencies/what-is-brics-currency-could-one-be-adopted-2023-08-23/" target="_blank" rel="noreferrer noopener">currency</a> by the BRICS nations. </p> 
<p>Others, like Warren Buffett, disagree. Earlier this year, the billionaire and legendary investor <a href="https://www.thestreet.com/money/warren-buffett-responds-to-u-s-dollar-doomsayers" data-type="link" data-id="https://www.thestreet.com/money/warren-buffett-responds-to-u-s-dollar-doomsayers" target="_blank" rel="noopener">said</a> he sees “no option for any other currency to be the reserve currency.” </p> 
<p>Kiyosaki’s latest comment comes against a backdrop of Bitcoin maintaining a bullish price outlook. The cryptocurrency is currently trading at $37,453 per <a href="https://www.coingecko.com/en/coins/bitcoin" target="_blank" rel="noreferrer noopener">data</a> from CoinGecko. </p> 
<p>The price represents a 0.6% drop from 24 hours ago but a 2.64% increase in the past seven days. It recorded a 24-hour trading volume of $8.4 billion and boasts a market cap of $732.5 billion.&nbsp;</p> 
<p> Read more: <a href="https://crypto.news/robert-kiyosaki-bullish-on-crypto-analysts-explore-bitcoin-and-viable-altcoins/"> Robert Kiyosaki bullish on crypto, analysts explore Bitcoin and viable altcoins </a> </p>

‘Rich Dad Poor Dad’ author reiterates Bitcoin investment

crypto.news

Other articles published on Nov 26, 2023

Bitcoin Mining Hits Record Difficulty: 5.07% Increase at Block 818,496

Brad Garlinghouse challenges ex-SEC chief’s crypto views

Ripple VP Invites Devs to XRP Ledger DeFi Hackathon

BRICS forms concrete plan to ditch USD in trade

7 New Cryptocurrency Launches to Watch

Crypto’s crucial year: Overcoming 2024’s regulatory and economic challenges

Join our free newsletter for daily crypto updates!