Robert Kiyosaki Explains Why He Buys Bitcoin Citing Pension Funds And Inflation - Bitcoin News Economics

Robert Kiyosaki Explains Why He Buys Bitcoin Citing Pension Funds And Inflation – Bitcoin News Economics

Robert Kiyosaki, famous author of the bestselling Rich Dad Poor Dad, explained why he bought Bitcoin. Citing inflation, he explained that pension funds invest in cryptocurrencies, adding that they know that “fake” money, stocks and bonds are “toast.”

Robert Kiyosaki on why he buys Bitcoin

Rich Dad Poor Dad author Robert Kiyosaki shared why he’s buying bitcoin in a few tweets on Friday.

Rich Dad Poor Dad is a 1997 book co-authored by Kiyosaki and Sharon Lechter. It has been on the New York Times Best Seller list for over six years. More than 32 million copies of the book have been sold in more than 51 languages ​​in more than 109 countries.

In one tweet, the author of Rich Dad Poor Dad explained that he is buying bitcoin because pension funds are buying cryptocurrency. pointed to Article – Commodity Published by Forbes with the title “Your State Pension Is Now Gambling With Cryptocurrency,” which includes a survey showing that 94% of US and local state and local pensions invest in cryptocurrency. On Twitter, Kiyosaki wrote the article to his 1.2 million followers:

Why do I buy Bitcoin? Pension funds are the largest investment companies in the world.

Scanning is part of the latest Investor confidence study, published in April by the CFA Institute, the global association of investment professionals. The study showed that institutional investors are becoming larger users of cryptocurrencies, with two-thirds of them saying they are currently investing in these products. Additionally, government-sponsored retirement plans are likely to be invested in crypto assets.

In another tweet, Kiyosaki explained why he is proposing to buy gold, silver and bitcoin. The famous author explained that when pensions almost collapsed, she revealed that central banks could not fix inflation. He noted that pensioners have always invested in gold and silver, and now they are investing in bitcoin.

Robert Kiyosaki explains why he buys bitcoin citing pension funds and inflation

Last week, the Bank of England told lawmakers that a number of pension funds were hours of collapse When I decided to intervene in the British bond market after a huge sale of British government bonds.

Kiyosaki also mentioned in his tweet that pension funds know that fake money, stocks, and bonds are “toast.” The famous author recently warned that the end of fake money is here, urging investors to invest in “real money,” naming gold, silver and bitcoin.

The famous author has been recommending buying bitcoin along with gold and silver for some time. Last month, he urged investors to get into cryptocurrencies now, before the biggest crash in world history occurred. He indicated in June that he was waiting for the bitcoin price to test $1,100.

Last week, he said that as the Federal Reserve continues to raise interest rates, there will be buying opportunities in gold, silver and bitcoin. He also predicted that the US dollar would collapse by January next year following the Fed pivots.

What do you think of Rich Dad Poor Dad author Robert Kiyosaki’s reason to invest in Bitcoin? Let us know in the comments section below.

Kevin Helms

Kevin, an Austrian economics student, found Bitcoin in 2011 and has been a missionary ever since. His interests lie in Bitcoin security, open source systems, network effects, and the intersection of economics and cryptography.

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