Rich Dad Poor Dad author Robert Kiyosaki says the hottest investments in the markets today are Bitcoin (BTC) along with the precious metals gold and silver.
In a tweet to his 2.3 million followers, the best-selling author says the only way to build wealth and reduce debt is to invest in the strongest appreciating assets as the US dollar weakens in value.
“Q: Why are gold, silver, Bitcoin going higher?
A: Because US poor and middle class getting poorer and deeper in bad debt. Please don’t get poorer. At least buy one silver coin. Only $30 and start to get richer.”
Kiyosaki tells his 2.89 million Youtube subscribers of his Rich Dad Radio Show that the US dollar stopped being real money back in 1971 when US President Richard Nixon ended the dollar’s peg to gold.
“Today we’re going to be talking about the hottest subject on the market today, and it’s not real estate. What it is here is this is gold. And this is silver. And of course, there’s Bitcoin. So those are the three things. And the reason they’re the hottest subjects on the earth right now is because our money is fake.
I’ve been saying this for years, this is God’s money [silver]. This is fake money [dollar bill]. I like Bitcoin. I call it people’s money.”
The Bitcoin bull recently said he was accumulating more of the king crypto during the depths of the bear market, despite the concerns of a federal crackdown on cryptocurrencies in response to the FTX implosion. He said regulators would view Bitcoin as a commodity like gold, silver, and oil, and not as securities as they would other tokens.
He also predicted silver’s price tripling and gold’s price doubling in 2023.
In November, Kiyosaki warned Bitcoin could drop as low as $10,000 before rallying, but it never dipped below the upper $15,000 range before making a strong move to the upside. Bitcoin is trading for $23,869 at time of writing, up more than 44% from the start of the year.
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The post Rich Dad Poor Dad Author Details Why Bitcoin Is Exploding, Says Top Crypto Is One of the ‘Hottest Subjects’ on Earth appeared first on The Daily Hodl.
