Kevin Helms
A student of Austrian economics, Kevin found Bitcoin in 2011 and has been an evangelist ever since. His interests lie in Bitcoin security, open source systems, network effects and the intersection of economics and cryptography.
Robert Kiyosaki Says He Likes Bitcoin – Calls BTC ‘People’s Money’ – Featured Bitcoin News
The famous author of the best-selling book Rich Dad Poor Dad, Robert Kiyosaki, says he likes bitcoin, calling the cryptocurrency “the people’s money”. While admitting he doesn’t know much about bitcoin, he said: “I’m just glad I bought it at six o’clock.”
Robert Kiyosaki Says Bitcoin Is ‘People’s Money’
Rich Dad Poor Dad author Robert Kiyosaki talked about bitcoin while discussing “Why Cash is Trash in 2023” during his Rich Dad Radio Show podcast published on Wednesday. Rich Dad Poor Dad is a 1997 book co-authored by Kiyosaki and Sharon Lechter. It has been on the New York Times bestseller list for over six years. More than 32 million copies of the book have been sold in over 51 languages in more than 109 countries.
During the podcast, Kiyosaki called gold, silver and bitcoin “the hottest topic in the market today,” noting that real estate is no longer a hot topic. The famous author emphasized that the US dollar is “fake money”:
I like Bitcoin. I call it people’s money. Now, I don’t know much about Bitcoin, but I’m just glad I bought it at six o’clock. That’s all I know right now.
Kiyosaki previously said he bought bitcoin for $9K. “I bought bitcoin for $9,000 and I thought I was getting ripped off, but the reason I bought it for $9,000 was because Covid shut down the world economy,” he told Kitco News in April 2021. “I think it’s going to cost $1.2 million in five more years,” he predicted at the time.
The author of Rich Dad Poor Dad recently said that he is buying more BTC. Last year, he explained why he invests in bitcoin, noting that he is an investor, not a trader, so he gets excited when the price of bitcoin hits a new low.
Kiyosaki has been recommending bitcoin alongside gold and silver for some time. Last week he discussed why the three investments are rising higher.
He expects bitcoin investors to get richer as the Federal Reserve swings and prints trillions of dollars. Last September, he urged investors to get into crypto now before the biggest financial crash in world history happens. However, he also warned that the US Securities and Exchange Commission (SEC) will crack down on most cryptocurrencies.
Meanwhile, the renowned author said that “we are in a global recession,” and warned of skyrocketing bankruptcies, unemployment and homelessness.
What do you think about Robert Kiyosaki saying he likes bitcoin and calls the cryptocurrency “people’s money”? Let us know in the comments section below.
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