‘Rich Dad Poor Dad’ Author Gives Crucial Reason For Saving Bitcoin

Robert Kiyosaki, a prominent investor and entrepreneur, author of the classic book on finance management called “Rich Dad Poor Dad” and a Bitcoin supporter, has taken to his account on the X platform (widely famous as Twitter in the past) to engage his followers in a talk about money and Bitcoin.

Big reason for saving Bitcoin from Kiyosaki

The subject of Robert Kiyosaki’s tweet is money. He called it an interesting subject since everyone in the world uses it constantly. Going back into his own history, the financial guru said that he began making his own coins when he was a child by melting down old empty toothpaste tubes – when Kiyosaki was a child, they were made out of lead.

That game taught him about “counterfeiting”. Kiyosaki here gradually is getting closer to the subject of Bitcoin as he mentioned that in 1971, US president Nixon removed the gold standard that had had stood behind the US dollar for decades. This is exactly, Kiyosaki stressed, when the Federal Reserve bank and the US Treasury began “counterfeiting money.”

The “Rich Dad Poor Dad” author shared his regrets about schools never teaching children about money or taxes, therefore, he emphasised “90% of the people today work for and save counterfeit…a.k.a. Fiat….a.k.a. FAKE money.”

At this point Robert Kiyosaki urged people to start saving Bitcoin, silver and gold.

Bitcoin to $350,000 by August – Kiyosaki

Earlier this year, Bitcoin enthusiast Robert Kiyosaki tweeted that he expects the world’s flagship cryptocurrency, BTC, to skyrocket and hit a whopping $350,000 price level in August.

He underscored that this is not so much a prediction, but rather what he just wishes to happen. Still, he again gave his traditional arguments for the Bitcoin price surge that he expects – dollar not backed by anything and the Fed together with the US Treasury printing trillions of USD. Besides, the national debt of the country continues to grow at an alarming rate, he pointed out.

As August is drawing close, the world’s largest cryptocurrency has added roughly 3.30% in the course of the past 24 hours and almost reclaimed the $70,000 level. That constitutes an 8.91% increase since Thursday last week, when Bitcoin rose from $64,000 level. At the time of writing this material, BTC is changing hands at $69,410.

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