“Rich Dad, Poor Dad” author says that Bitcoin will stay, while stocks and real-estate will crash
Noted investor and entrepreneur, Robert Kiyosaki, who is also famous as the author of books on financial literacy (“Rich Dad, Poor Dad” being the most famous of them) has again posted a tweet praising bitcoin. It has been said that the Fed Reserve is slowly killing the US economy.
So it is a good time to “buy Bitcoin, silver and gold”, per his tweet.
Raising interest rates will kill the economy
He insists that stocks, bonds and real estate will crash. This is because the Fed continues to raise interest rates and it will “kill the economy”, Kiyosaki tweeted.
The prices of gold and silver are plunging, he pointed out. Silver is out of stock, so the “Rich Dad, Poor Dad” author is purchasing physical gold coins. One day, Kiyosaki is sure, Fed will pivot, and before than gold, silver and Bitcoin are good to buy, he stated.
In a tweet published a week ago, Kiyosaki warned bitcoin investors not to waste time on skeptics and buy BTC as he expects the USD to expire soon, thanks to the regular dollar printing, which the USD Government 2020 performing since the pandemic struck. World.
Back in that year, more than $6 trillion USD were printed and injected into the economy in the form of survival cheques worth $1,200.
Bitcoin recovers to $20,800, CEX outflows increase
According to data shared by CoinMarketCap, over the past 24 hours, the leading cryptocurrency has managed to rise from the $20,200 level to $20,882 at the time of writing.
In the meantime, traders continue to withdraw staggering amounts of Bitcoin from centralized exchanges. The balances on those platforms at the moment are down to 8.3 percent – this low Bitcoin supply on exchanges was last seen four years ago, according to a recent tweet of Santiment data aggregator.
As reported by IntoTheBlock, on Friday, October 28, the largest single amount of bitcoin – over 70,000 BTC – was withdrawn. It was valued at $1.53 billion and was the largest single outflow in the past half year.
Crypto blogger Colin Wu tweeted a day earlier that 51,000 Bitcoins were moved from Binance. However, he assumed that was likely to be an internal Binance move of funds.
