2022 been a bearish one for cryptocurrencies and rest of global markets
Robert KiyosakiThe author of the best-selling investment book “Rich Dad Poor Dad” has once again taken to Twitter to express his interest in bitcoin. This time, Kiyosaki refers to a Forbes article that claimed pension funds were “gambling” on cryptocurrencies.
According to research by the CFA Institute cited in the report, 94% of state and government-sponsored pension funds are invested in one or more cryptocurrencies despite the obvious risks.
As U.Today reports, Kiyosaki gave some reasons to consider buying bitcoin.
The “Rich Dad Poor Dad” author mentioned that a string of actions by the U.S. government, including excessive borrowing, rising inflation and an increase in interest rates, as a result, have contributed to the U.S. dollar “dying.” He predicts that the prices of Bitcoin, gold and silver could significantly increase in the future.
2022 has been a bearish one for cryptocurrencies and the rest of the global markets. Bitcoin has lost 71% of its market peak so far. The author says that the big crash of the markets, which he predicted in 2013, is almost near and it may be time to get rich with the help of crypto.
Michael Saylor reacts to Peter Brandt’s criticism
MicroStrategy Chairman, Michael Saylor, has responded to Peter Brandt’s criticism of the “laser eyes” movement. Peter Brandt stated in a tweet that he would not have predicted Bitcoin’s sub-$20,000 price and has drawn the attention of the MicroStrategy Chairman.
According to Saylor, “Ledger Eyes symbolizes a long-term commitment to bitcoin based on its ethical, technical and economic superiority to alternative assets. All major financial asset classes have been losing trade over the past year. This is why we Don’t trade, we hold.
