The author of the best-selling book Rich Dad Poor Dad, Robert Kiyosaki, has revealed that he is buying more bitcoin and ether amid rising inflation concerns. “Inflation is a tax on the poor and middle class. Inflation makes the rich richer,” he stressed.
Robert Kiyosaki warns of inflation, reveals he is buying more Bitcoin and Ether
Robert Kiyosaki, the author of Rich Dad Poor Dad, has revealed he is buying more bitcoin and ether in response to the alarming rise in inflation.
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 over 51 languages across more than 109 countries.
Kiyosaki tweeted last week:
Dollar Tree becomes $1.25 Tree. Inflation is a tax on the poor and middle class. Inflation makes the rich richer. Get smart. Get richer. I am buying more gold, silver, bitcoin, ethereum, rental real estate, and oil.
When he tweeted about buying more BTC and ETH, the price of bitcoin was around $ 56,267 while Ether traded at $ 4,238 based on data from Bitcoin.com Markets . At the time of writing, the price of bitcoin is $ 57,264.26 and Ether is trading at $ 4,294.
Kiyosaki has previously warned about inflation on several occasions. He has also been recommending bitcoin for quite some time.
In October, acclaimed author Rich Dad Poor Dad tweeted that President Joe Biden and the Federal Reserve are “rip off the poor,” predicting the United States was slipping into a depression. He noted that Biden and the Fed “need inflation to avoid another depression,” saying both are “corrupt.” He warned that a giant crash was ahead, followed by another depression. He then recommended people buy gold, silver, and bitcoin.
In May, Kiyosaki tweeted that the “Fed wants inflation to pay debt with cheaper dollars,” noting that the “Fed will raise interest rates causing stock, bond, real estate & gold crash.” The famous author added that the “biggest problem” is “boomer retirement,” emphasizing that social security, medicare, and America are “broke.” Noting that the Fed will print “more fake money,” he recommended investors “Stick with gold, silver, and bitcoin.”
