Coinfomania: Where blockchain and cryptos live.

Rich Dad Poor Dad Author Says “Buy as Much Bitcoin as You Can Now” 

Robert Kiyosaki, the author of the best-selling book “Rich Dad, Poor Dad,” has urged his followers to purchase more bitcoin in the wake of the cryptocurrency breaking through $16k for the first time since January 2017.   

Kiyosaki said this in a tweet today while applauding Bitcoin’s growth over traditional assets like Gold and Silver. 

He opined that people should immediately join the Bitcoin bandwagon by buying more of it because the “[BTC] Train is moving.”

Since the value of the US dollar against these assets keeps depreciating due to recent events like the coronavirus (COVID-19) pandemic, Kiyosaki told his followers to buy more bitcoin to shield themselves from the current financial crisis. 

“As the dollar (USD) crashes, what counts is not the price, but how many coins of gold, silver, or Bitcoin you own,” Kiyosaki added. 

The author, who once called Bitcoin the “People’s Money” is known for airing his views on personal finance and educating his followers about real estate, investing, cash flow, and starting a business. 

He has also lashed out at governments across the world, especially the United States, condemning the act of constantly printing fiat currencies, which has negatively affected these banknotes’ value. 

Not being able to do much about the current global financial system, Kiyosaki has called on his followers on several occasions to shun fiat currencies and adopt bitcoin in their savings, as he believes the popular cryptocurrency will outlast banknotes. 

Interestingly, institutional investors seem to be working in line with Kiyosaki’s financial advice, as the crypto industry has seen a record number of BTC whales adopting the asset, which is evident in MicroStrategy BTC acquisition spree

Meanwhile, Coinfomania reported last month that popular investment fund company Grayscale published its groundbreaking Q3 2020 financial report, with Bitcoin accounting for $719.3 million of the total $1.05 billion.  

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