Renowned financial author Robert Kiyosaki has never been shy about his support for Bitcoin and he continues to push for more adoption of this asset. Kiyosaki, who wrote the infamous book ‘Rich Dad Poor Dad’, is back again with a piece of advice and a warning for investors regarding Bitcoin.
Buy Bitcoin Now, Kiyosaki Says
In normal fashion, Kiyosaki took to Twitter sound the warning about rising prices due to inflation. This tweet was made on November 23, where the author lamented the reality of individuals living paycheck to paycheck and unable to hedge their wealth against inflation by purchasing Bitcoin, in addition to gold and silver.
Then, in a November 26 post, Kiyosaki reiterated the importance of owning Bitcoin. As the financial author explained, it will be good news if the price of gold reaches a new high. However, those who will suffer are the workers and the savers.
Instead of just saving directly in dollars, the best-selling author recommends that individuals put their money into assets such as gold, silver and Bitcoin. Kiyosaki calls the monetary system a “FAKE money system” and advises people to get out before it’s too late.
Great news Gold reaches new high. Bad news: workers and savers are losers. Bad news: I’ve been saying the same thing for 25 years. Don’t be a loser. Get out of the FAKE money system. Get into gold, silver, Bitcoin now…. Before it is too late.
— Robert Kiyosaki (@theRealKiyosaki) November 26, 2023
This is a Kiyosaki brand, whose message has not changed over the years. Instead of saving dollars that are expected to continue depreciating, the author lobbies for better ways to store wealth, with Bitcoin always leading the way.
BTC price will rise to 6 figures
Kiyosaki’s optimism about Bitcoin and why he advises investors to use this asset is reflected in his predictions for its future price. In October, Kiyosaki predicted that the price of Bitcoin would rise to $135,000 each, especially as the price of gold started to climb higher.
This prediction reinforces his previous prediction from August 2023 where the author said the BTC price could reach 7 figures. He said the asset, which he refers to as “God’s money,” could cross the $1 million mark, and at the same time, the price of gold could cross $75,000, while silver will rally to $60,000.
Bitcoin, gold and silver aren’t the only assets Kiyosaki is bullish on, however, now that tech giant Apple has caught his eye. This comes after Apple CEO Tim Cook sold his shares in the company. When the price dropped, Kiyosaki put forward that Apple stock could be a good buy if the price were to fall below $150. However, Apple shares failed to break this mark and have since risen back above $189 per share.
BTC bulls hold above $37,000 | Source: BTCUSD on Tradingview.com
Featured image from Bitcoin.com, chart from Tradingview.com