The well-known financial educator and author of “Rich Dad Poor Dad,” Robert Kiyosaki, made a significant announcement about Bitcoin and urged people to start purchasing it on the Twitter/X social media network.
After the leading U.S. regulator approved a spot-based Bitcoin ETF, Kiyosaki recently disclosed that he also bought additional Bitcoin.
Here’s Kiyosaki’s Bitcoin statement to community
The financial expert stated that the U.S. national debt has climbed dramatically over the last five months, adding an additional $1,000,000,000 since the start of the most recent NFL season in early September.
https://x.com/theRealKiyosaki/status/1746011184690606241?s=20
He tweeted, “Please buy more Bitcoin, silver, and gold.” In previous social media posts, Kiyosaki expressed his disapproval of the U.S. Treasury and the Federal Reserve, stating that he anticipates the worst case scenario—namely, hyperinflation of the U.S. currency.
The removal of the “ceiling” on the U.S. national debt last year, which allowed it to surpass $31.4 trillion, alarmed a number of economists and financiers. Since then, the nation’s national debt has been quickly growing, adding trillions of dollars every year to reach $34 trillion today.
Kiyosaki buys more Bitcoin after ETF approval
The author of “Rich Dad Poor Dad” tweeted earlier this week that he had added five more Bitcoins to his collection out of concern that a hyperinflation was imminent. This was in line with the U.S. Securities and Exchange Commission’s (SEC) decision to approve the exchange-traded fund applications for Bitcoin that were submitted by twelve Wall Street firms last year.
Grayscale, Ark Invest, and BlackRock were on this list. But just $400 million in total in investor money were drawn to the new assets on the first day of trading for Bitcoin ETFs.
According to analysts’ expectations, the price of Bitcoin has declined from over $49,000. The world’s most popular cryptocurrency has now dropped to $41,590 after losing 15.15 percent, rebounded somewhat, and is currently trading at $43,043. According to recent analytics reports, traders have been selling some of their Bitcoin to lock in profits and free up funds for the recently introduced spot-based Bitcoin exchange-traded funds (ETFs).
Analyst Ali Martinez thinks there is still more room for Bitcoin to fall.
