Robert Kiyosaki, author of Rich Dad Poor Dad, explains in a tweet why he is buying Bitcoin. The book Rich Dad Poor Dad was written in 1997 by Kiyosaki and Sharon Lechter. The book has been on the New York Times bestseller list for over six years.
The book has sold over 32 million copies in over 109 countries in over 51 languages. Rich Dad Poor Dad author details why he's using pension funds to buy Bitcoin The author mentions the matter in an article published by Forbes.
He points out why 94% of money is invested in cryptocurrencies. In another tweet, Kiyosaki said he recommends buying gold, silver and bitcoin. Kiyosaki said central banks are unable to fix inflation. As a result, the value of various currencies is changing.
So according to him, it would be wise to invest in Bitcoin, Gold and Silver to combat inflation. The famous author has been recommending buying Bitcoin alongside Gold and Silver for quite some time now. Last month, he urged investors to get into crypto now. I'm waiting for Bitcoin to go to $1,100, he mentioned before Bitcoin's biggest crash.
However, the price of Bitcoin has fallen to the lowest level so far this year at $17,600. A few weeks ago he tweeted that if the Federal Reserve raises interest rates, there will be opportunities to buy gold, silver and bitcoin.
He also predicted in another tweet that the US dollar will crash in January next year. So a dollar crash means the price of cryptocurrencies including Bitcoin will increase.