Yuri Molchan
The popular author, entrepreneur and Bitcoin supporter sees this as an important reason for buying Bitcoin
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Robert Kiyosaki, author of a popular book on financial self-education “Rich Dad Poor Dad” and financial educator, took to the social network Twitter/X to make an important statement about Bitcoin and call on the community to start buying it.
Recently, Kiyosaki shared that he also bought more BTC after the top US regulator gave approval for a spot-based Bitcoin ETF.
Here is Kiyosaki's Bitcoin statement to the community
The financial guru tweeted that the US national debt has increased dramatically in the last five months – since the start of the last NFL season in early September – adding another $1,000,000,000,000.
“Please buy more gold, silver and Bitcoin,” he tweeted. In his previous social media posts, Kiyosaki criticized the Fed Reserve and the U.S. Treasury Department and said he expects the worst-case scenario to occur and the U.S. dollar to plunge into hyperinflation.
Many economists and financiers sounded the alarm last year when the U.S. government lifted the “ceiling” on U.S. national debt, sending it soaring to over $31.4 trillion. Since then, the country's national debt has risen rapidly, increasing by $1 trillion and now stands at $34 trillion.
Kiyosaki Buys More Bitcoin After ETF Approval
Earlier this week, the “Rich Dad Poor Dad” author tweeted that he had purchased five more Bitcoins to add to his BTC stash due to fears of imminent hyperinflation. This is in line with the US Securities and Exchange Commission (SEC), which last year finally gave the green light to detect Bitcoin exchange-traded fund applications filed by a dozen Wall Street firms.
This list included BlackRock, Ark Invest and Grayscale. However, the new assets managed to attract a total of only $400 million in investor funds on the first day of Bitcoin ETF trading.
As for Bitcoin price, it has declined in line with analysts' predictions of over $49,000. Meanwhile, the world's leading cryptocurrency lost 15.15% (down to $41,590) and then recovered a little to now change hands at $43,043. According to recent analytical reports, traders have sold some of their Bitcoins to lock in profits and also free up some cash to buy the newly launched spot-based Bitcoin ETFs.
Analyst Ali Martinez believes Bitcoin can fall even lower.
About the author
Yuri Molchan
Yuri is interested in technology and technical innovations. He has been writing about DLT and crypto since 2017. He believes that blockchain and cryptocurrencies have the potential to change the world in many aspects of the future. He has written for several crypto media outlets. His articles have been quoted by crypto influencers such as Tyler Winklevoss, John McAfee, CZ Binance, Max Keizer, etc.
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