Category: Forex News, News

‘Rich Dad Poor Dad’ Author Says ‘Bet on Bitcoin,’ Naming This Astonishing Reason

Cover image via www.youtube.com

Disclaimer: The opinions expressed by our writers are their own and do not represent the views of U.Today. The financial and market information provided on U.Today is intended for informational purposes only. U.Today is not liable for any financial losses incurred while trading cryptocurrencies. Conduct your own research by contacting financial experts before making any investment decisions. We believe that all content is accurate as of the date of publication, but certain offers mentioned may no longer be available.

Contents

Bitcoin believer, financial expert and entrepreneur Robert Kiyosaki, famous for his classic book on personal finance management “Rich Dad Poor Dad,” has published a tweet about the current situation dominating the U.S. economy.

He has named another reason for betting on Bitcoin and has urged the millions of his Twitter/X followers to do that.

Bitcoin and Roman Empire

Kiyosaki tweeted that this week many Americans “will bet $68 billion on a game,” likely referring to Super Bowl LVIII. In the meantime, the financial guru reminded all Americans that the U.S. currently has the highest national debt in the global history — $34 trillion. This is a debt that the U.S. will never be able to back with anything, Kiyosaki believes.

At this point, the entrepreneur likened the U.S. to the Roman Empire, which was the major dominating power in the world and eventually collapsed. Kiyosaki is certain that the current U.S. government is debasing the U.S. dollar by printing more of those banknotes in billions regularly as of late, while increasing the debt. The $31.4 trillion ceiling was removed in 2023 by the U.S. political leader.

He wrote: “The Roman Empire ended in the same way with massive gladiators entertaining chubby Romans while their bankers debased their currency to pay soldiers and bills.”

History repeats now, Kiyosaki tweeted as he urged his followers to be smart and “bet on gold, silver, Bitcoin,” rather than games or the U.S. dollar.

Kiyosaki owns Bitcoin. Recently, he admitted that he buys Bitcoin as “protection against the theft of our wealth via our money.”

Market crash predicted by Kiyosaki

Quite frequently, Kiyosaki publishes predictions of market crashes on his X page. A week ago, he tweeted that the stock and bond markets would collapse soon despite the fact that they are showing a rise at the moment.

One of the major factors for the stock market going up has been the January jobs report, which surpassed the figures expected by financial market analysts. But Kiyosaki stated that this increase is thanks to the Magnificent Seven — the companies supported by the U.S. government, which include Microsoft, Google’s parental company Alphabet, Amazon, Meta and Elon Musk’s Tesla.




Source link

Written by : Editorial team of BIPNs

Main team of content of bipns.com. Any type of content should be approved by us.

Share this article:

Leave A Comment

Forex Network accounts:

Latest articles