Robert Kiyosaki is the author of Rich Dad Poor Dad. He revealed to us that he has been buying bitcoins and other ether in response to rising inflation fears. “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 is the author of Rich Dad Poor Dad. He revealed to us that he has been buying more bitcoins and ether as a response to inflation’s alarming rise.
Rich Dad Poor Dad, a book by Sharon Lechter (1997). The New York Times Best Seller List has had it for six years. It has been read in more 51 languages and sold in over 109 countries.
Last week, Kiyosaki tweets:
The Dollar Tree is now $1.25 Tree. Inflation is a tax that hits the middle- and poor classes. Inflation can make the wealthy rich richer. Learn to be smart. Get richer. I have more gold, silver and bitcoin.
Tweeting about purchasing more BTC/ETH, the bitcoin price was approximately $56,267, while ether traded at $4,238 according to data from Bitcoin.com Markets. Bitcoin is currently trading at $57,264.26, while ether trades at $4,294.
Kiyosaki warned of inflation several times before. For a long time, he has been advocating bitcoin.
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. Then he suggested that people purchase gold, silver and bitcoin.
Kiyosaki was born in May 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.”
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