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“Rich Dad Poor Dad” author urges investors to consider Bitcoin as an investment option

Robert Toru Kiyosaki, an American entrepreneur and author, has once again voiced his support for cryptocurrency. In a recent tweet, he made the assertion that the United States’ primary financial institution, the Federal Reserve, would doom the economy of the United States of America by increasing interest rates. In addition to that, he recommended to the investors that they place their money into “real money,” specifically mentioning Bitcoin.

Robert Kiyosaki reminded his audience that “savers are losers” once again by bringing up his most well-known book, “Rich Dad, Poor Dad,” via a tweet. In the book, he wrote that “savers are losers,” and he reiterated this point to his audience.

He tweeted: 

Today, US debt is in 100s of trillions. REAL INFLATION is 16% not 7%. Fed raising interest rates will destroy the US economy. Savers will be the biggest losers. Invest in REAL MONEY. Gold, silver & Bitcoin.

Robert Kiyosaki's advice to crypto community
Robert Kiyosaki’s advice to crypto community

Kiyosaki has been quite vocal about his concerns on the impending market meltdown. In a prior statement, he said that the greatest crisis in the history of markets is about to occur and that they would all collapse in April. Recently, he advised people to immediately invest in cryptocurrency by stating that “now is the moment you need to go into crypto,” which was part of his recent call to action.

In addition, it is generally predicted that the Federal Reserve will raise interest rates by a total of 75 basis points (bps) at the forthcoming meeting of the Federal Open Market Committee (FOMC), which is scheduled to take place on September 20 and 21. despite the fact that a significant rise in the rate of one hundred basis points, or one percentage point, is another option. The Federal Reserve has made it quite apparent that it is intent on controlling the raging inflation in the United States, even if this means sacrificing economic development, which kills demand. As a direct consequence of this, the vast majority of economists are preparing for a large increase in the interest rate.

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Reporter
Jeewan Singh is CryptoShrypto’s content writer and a seasoned writer with over two years of experience in writing about Indian Securities Market. Jeewan's participation in Blockchain and Cryptocurrency started in late 2020, and he hasn't looked back since. The technical and economic outcomes of cryptocurrency are what spark his curiosity, and he keeps one eye on the market.
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