The author of the bestselling book Rich Dad Poor Dad, Robert Kiyosaki, has revealed that he is buying more bitcoin and ether amid rising inflation. “Inflation is a tax on the poor and the middle class. Inflation makes the rich richer, ”he said.
Robert Kiyosaki warns of inflation, reveals he is buying more Bitcoin and Ether
Robert Kiyosaki, the author of Rich Dad Poor Dad, has revealed he is buying more bitcoin and ether in response to the alarming rise in inflation.
Rich Dad Poor Dad is a 1997 book co-authored by Kiyosaki and Sharon Lechter. It has been on the New York Times bestseller list for over six years. More than 32 million copies of the book have been sold in more than 51 languages in more than 109 countries.
Kiyosaki tweeted last week:
Dollar Tree becomes $ 1.25 Tree. Inflation is a tax on the poor and the middle class. Inflation makes the rich richer. Get smart. Become richer. I buy more gold, silver, bitcoin, ethereum, rental real estate, and oil.
When he tweeted about buying more BTC and ETH, the price of bitcoin was around $ 56,267 while Ether traded at $ 4,238 based on data from Bitcoin.com Markets . At the time of writing, the price of bitcoin is $ 57,264.26 and Ether is trading at $ 4,294.
Kiyosaki has warned against inflation on several occasions. He has also been recommending bitcoin for some time.
In October, acclaimed author Rich Dad Poor Dad tweeted that President Joe Biden and the Federal Reserve are “rip off the poor,” predicting the United States was slipping into a depression. He noted that Biden and the Fed “need inflation to avoid another depression,” saying both are “corrupt.” He warned that a giant crash was ahead, followed by another depression. He then recommended people buy gold, silver, and bitcoin.
In May, Kiyosaki tweeted that the “Fed wants inflation to pay the debt with cheaper dollars”, noting that “the Fed will raise interest rates causing a crash in stock markets, bonds, real estate and gold”. The famous author added that the “biggest problem” is “the retirement of the baby boomers”, pointing out that Social Security, Medicare and America are “bankrupt”. Noting that the Fed will print “more fake notes”, he recommended investors “stick with gold, silver and bitcoin”.
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