Bitcoin Holders Will Get Richer As Big Crash Gets Closer, Says ‘Rich Dad, Poor Dad’ Author

Robert Kiyosaki, former real estate investor who made his fortune from it but then turned to business in financial education, and who is also widely known as the author of the popular financial literacy book “Rich Dad, Poor Dad,” has spoken about Bitcoin on Twitter after a break.

He tweeted that those who hold Bitcoin will become richer, citing the driver that he expects will push the flagship cryptocurrency to new heights.

“People Who Own Bitcoin Will Get Richer”

Kiyosaki compared pensions to a bubble, calling it “the next global Lehman”. Lehman Brothers Holdings financial company emerged in 1847. As time went by, it managed to become the fourth largest investment bank in the United States. But in 2008, when the mortgage crisis hit the US and reverberated around the world, the company filed for bankruptcy.

Still, says the “Rich Dad, Poor Dad” author, as soon as the US Federal Reserve reverses its hawkish policy and starts injecting unbacked USD, printed out of thin air, into the economy, such assets as Bitcoin, silver and gold will rise in price , he believes. He tweeted that holders of these three things will be richer after the Fed, Treasury and Wall Street turn around and start printing “fake dollars.”

Those who save “fake money” will be the “biggest losers”, according to him. Kiyosaki has been making this statement about the “fake USD” and the coming collapse of the USD since the pandemic started in early 2020.

Back then, Bitcoin briefly went below $4,000 and oil crashed below zero. The US government began spreading financial aid to US citizens during the pandemic by giving away so-called “survival checks” worth $1,200.

Banks and large companies were also bailed out. In total, more than 6 trillion USD were printed in that year alone. More were added in 2021 as well.

PENSIONS next global LEHMANN. What are you going to do? Do you want to be richer or poorer? People who own gold, silver, Bitcoin will get richer when the Fed, Treasury, Wall Street pivots and prints trillions of fake dollars. Fake money savers will be the biggest losers. Don’t be a loser.

— therealkiyosaki (@theRealKiyosaki) 9 December 2022

Bitcoin is expected to rise against TSLA

As covered by U.Today earlier this week, Bloomberg Intelligence Senior Commodity Strategist Mike McGlone tweeted that he expects the Bitcoin price to go up in the near future. He considered the chances that BTC and the Tesla giant’s shares could rise as both lost $500 billion from their capitalization this year.

Since Tesla is likely to face serious competition, McGlone stated, it is unlikely to rise. Meanwhile, Bitcoin faces increasing demand and adoption in the context of a shrinking fixed supply.

Moreover, the whole world is rapidly becoming digital. McGlone stated, so this is another driver that is likely to push the BTC price way up. In his previous tweets, he said BTC is likely to reach $100,000 and it’s only a “matter of time.” In his bullish forecasts for Bitcoin, he always refers to increasing demand for BTC and its fixed supply of 21 million, which continues to shrink as coins are constantly minted.

Now more than 18 million BTC have already been mined. The previous halving took place in 2020, meaning miners are now producing half the amount of BTC. The next halving event will take place in mid-2024.