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‘Rich Dad, Poor Dad’ Author Says Bitcoin Will Survive While Stocks And Real Estate Crash
Renowned investor and entrepreneur Robert KiyosakiThe famous author of books on financial literacy (best known for Rich Dad, Poor Dad) has once again posted a tweet, in which he praises Bitcoin and how the Fed is slowly killing America. It says it’s coming. Economy.
So, according to his tweet, it’s a good time to “buy bitcoin, silver and gold.”
Stocks, bonds and real estate will crash, he argues. Kiyosaki tweeted that the reason is that the Fed continues to raise rates, which “will kill the economy.”
Gold and silver prices are plummeting, he noted. Silver is out of stock, so the author of Rich Dad Poor Dad buys physical gold coins. Kiyosaki said he is confident the Fed will change course one day and would be better off buying gold, silver and bitcoin before that happens.
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Gold and silver prices are plummeting as the Fed continues to raise rates. I am buying physical gold coins because silver is out of stock. If interest rates rise, the economy will die. Stocks, bonds and real estate crash. The Federal Reserve Pivots. Buy gold, silver and bitcoin before the FED pivots. Be careful.
therealkiyosaki (@theRealKiyosaki) October 29, 2022
In a tweet published a week ago, Kiyosaki warned Bitcoin investors to waste no time on skeptics and buy BTC. Because we expect the US dollar to end soon, thanks to the usual dollar printing that the US government has been doing since 2020 when the pandemic hit the world. world.
That year, over $6 trillion was printed and put into the economy in the form of $1,200 worth of survival checks.
Over the past 24 hours, the flagship cryptocurrency has surged from $20,200 levels to $20,882 at the time of this writing, according to data shared by CoinMarketCap.
Meanwhile, traders continue to withdraw staggering amounts of Bitcoin from centralized exchanges. Now his balance on these platforms is down to 8.3% of his. According to a recent tweet from the Santiment data aggregator, the last time Bitcoin supply on exchanges was this low was four years ago.
As Reported by IntoTheBlockBitcoin’s single highest amount (over 70,000 BTC) was withdrawn on Friday, October 28th. Valuation him at $1.53 billion, the largest outflow in the last six months.
Cryptocurrency blogger Colin Wu tweeted a day ago that 51,000 bitcoins were moved out of Binance. However, he believed it was likely an internal Binance move.
