Robert Kiyosaki Explains Why He Buys Bitcoin Citing Pension Funds and Inflation – Economics Bitcoin News

Robert Kiyosaki (the famous author Rich Dad Poor Dad) has revealed why he purchases bitcoin. Citing inflation, he detailed that pension funds are investing in cryptocurrency, adding that they know “fake” money, stocks, and bonds “are toast.”

Robert Kiyosaki – Why He Buys Bitcoin

Robert Kiyosaki shared the reasons he purchases bitcoin Friday as part of Rich Dad Poor Dad in two tweets.

Rich Dad Poor Dad, a book by Sharon Lechter (1997). For six consecutive years, it has been a New York Times Best Seller List. The book has been translated into more than 51 languages in more than 109 different countries.

Rich Dad Poor Dad’s author explained that he purchases bitcoin because his pension funds have bought the cryptocurrency. He referenced an article published by Forbes, titled “Your State Pension Is Now Gambling On Cryptocurrency,” which features a survey showing that 94% of America’s state and local government pensions are investing in cryptocurrencies. Kiyosaki shared the article via Twitter to his over 1.2million followers.

Why should I invest in bitcoin. The largest investment business in the world is pension funds.

The latest Investor Trust Study was released in April by CFA Institute (the global association for investment professionals). It was revealed that institutional investors use cryptocurrency more frequently, with nearly two thirds of those surveyed saying they have invested in the product. Additionally, the government-sponsored pension plans have the highest likelihood of investing in crypto assets.

Kiyosaki also explained why he recommends buying bitcoin, gold and silver in another tweet. Famous author Kiyosaki explained how central banks could not fix inflation after pensions almost collapsed. He observed that the pension funds have been investing in gold and silver for years, but now they’re investing in bitcoin.

Robert Kiyosaki Explains Why He Buys Bitcoin Citing Pension Funds and Inflation

The Bank of England informed lawmakers last week that many pension funds were within hours of collapse after it intervened in the British bond markets following a huge U.K. bond sale.

Kiyosaki also stated in his tweet that pension funds know that fake money, stocks, and bonds “are toast.” The famous author recently warned that the end of fake money is here, urging investors to invest in “real money,” naming gold, silver, and bitcoin.

For a long time, the renowned author recommended buying bitcoin along with gold and silver. He advised investors that they invest in crypto before the world’s worst economic crisis. He stated in June that bitcoin prices have not yet reached $1,100.

According to him, as long as the Federal Reserve keeps raising interest rates there will be purchasing opportunities for gold, silver and bitcoin. He said that the U.S. will see a crash of the dollar by January 2020 after Fed pivots.

What do you think about Rich Dad Poor Dad author Robert Kiyosaki’s reason for investing in bitcoin? Please comment below.

Kevin Helms

Kevin is a graduate of Austrian Economics. He discovered Bitcoin in 2011, and has been an advocate ever since. His main interests are in Bitcoin security, open source systems, network effects, cryptography, and intersections between economics, cryptography, and Cryptography.

Image creditShutterstock. Pixabay. Wiki Commons

DisclaimerThis article serves informational purposes. It does not constitute an offer, solicitation, or recommendation of any company, products or services. is not a provider of investment, tax, legal or accounting advice. The author and the company are not responsible for any loss or damage caused or alleged caused by the content or use of any goods, services, or information mentioned in the article.

Get more Crypto News at CFX Magazine