Robert Kiyosaki, the best-selling author of Rich Dad Becher Dad, now says that Bitcoin’s future is “very bright”, after predicting “a huge stock market crash” that could tank the crypto market as well. He further revealed that he is waiting for the next pullback before investing more in Bitcoin.
Kiyosaki says Bitcoin’s future is ‘very bright’
Renowned author and investor Robert Kiyosaki said last week that the future of Bitcoin is “very bright”. Rich Dad Poor Dad 1997 book co-authors Kiosaki and Sharon Lecher. It has been on the New York Times list of best sellers for more than six years. The book has sold more than 32 million copies in more than 51 languages in more than 109 countries.
Kiyosaki tweeted on Friday:
Hooray. Bitcoin is rising above 60,000. The future is very bright. Celebrate yet be careful. I am waiting for a pullback before investing more.
Although the famous investor has been recommending Bitcoin to investors for some time, he predicted that a “huge stock market crash” was coming in October, adding that gold, silver and Bitcoin could also crash. In July, he warned: “The biggest bubble in the history of the world is growing. The biggest accident in the history of the world is coming.”
Nonetheless, he sees Bitcoin as the biggest reversal investment, noting that “Bitcoin and silver are the best investments as the dollar depreciates.” In August, he tweeted that America was “going bankrupt”, recommending investors to “buy gold, silver, bitcoin”.
At the time of writing, the price of Bitcoin is $ 62,362 based on data from the Bitcoin.com market.
Moreover, Kiyosaki reiterated his reasons for investing in Bitcoin on Friday, tweeting:
I like Bitcoin because I don’t trust the Fed, the Treasury or Wall Street.
Echoing his remarks, he said in August that he had the primary reason for investing in bitcoin, gold and silver “because I don’t trust our leaders, the Fed, the Treasury or the stock market.”
What do you think of Robert Kiyosaki’s comments? Let us know in the comments section below.
Image credit: Shutterstock, Pixabay, WikiCommons
Denial: This article is for informational purposes only. It is not a direct offer or request for a purchase or sale offer, nor is it a recommendation or approval of a product, service or company. Bitcoin.com does not offer investment, tax, legal or accounting advice. The Company or the Author is not directly or indirectly responsible for any loss or damage caused by or in connection with the use or reliance on any content, product or service referred to in this article.