Rich Dad Poor Dad’s Robert Kiyosaki Says He’s Buying Bitcoin and Ether as Inflation Escalates – Economics Bitcoin News
The author of the best-selling book Rich Dad Poor Dad, Robert Kiyosaki, has revealed that he is buying more bitcoin and ether amid rising inflation concerns. “Inflation is a tax on the poor and middle class. Inflation makes the rich richer,” he stressed.
Robert Kiyosaki Warns About Inflation, Reveals He’s Buying More Bitcoin and Ether
Robert Kiyosaki, the author of Rich Dad Poor Dad, has revealed that he is buying more bitcoin and ether in response to the alarming rise he sees in inflation.
Rich Dad Poor Dad is a 1997 book co-authored by Kiyosaki and Sharon Lechter. It has been on the New York Times Best Seller List for over six years. More than 32 million copies of the book have been sold in over 51 languages across more than 109 countries.
Kiyosaki tweeted last week:
Dollar Tree becomes $1.25 Tree. Inflation is a tax on the poor and middle class. Inflation makes the rich richer. Get smart. Get richer. I am buying more gold, silver, bitcoin, ethereum, rental real estate, and oil.
When he tweeted about buying more BTC and ETH, the price of bitcoin was about $56,267 while ether was trading at $4,238 based on data from Bitcoin.com Markets. At the time of writing, the price of bitcoin is $57,264.26 and ether is trading at $4,294.
Kiyosaki has previously warned about inflation on several occasions. He has also been recommending bitcoin for quite some time.
In October, the famous Rich Dad Poor Dad author tweeted that President Joe Biden and the Federal Reserve are “ripping off poor people,” predicting that the U.S. is sliding into a depression. He noted that Biden and the Fed “need inflation to prevent new depression,” claiming that the two are “corrupt.” He warned that a giant crash is coming, followed by a new depression. He then recommended people buy gold, silver, and bitcoin.
In May, Kiyosaki tweeted that the “Fed wants inflation to pay debt with cheaper dollars,” noting that the “Fed will raise interest rates causing stock, bond, real estate & gold crash.” The famous author added that the “biggest problem” is “boomer retirement,” emphasizing that social security, medicare, and America are “broke.” Noting that the Fed will print “more fake money,” he recommended investors “Stick with gold, silver, and bitcoin.”
What do you think about Robert Kiyosaki’s comments and investment choices? Let us know in the comments section below.
Image Credits: Shutterstock, Pixabay, Wiki Commons
Disclaimer: This article is for informational purposes only. It is not a direct offer or solicitation of an offer to buy or sell, or a recommendation or endorsement of any products, services, or companies. Bitcoin.com does not provide investment, tax, legal, or accounting advice. Neither the company nor the author is responsible, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with the use of or reliance on any content, goods or services mentioned in this article.