Robert Kiyosaki, the celebrated author of the international best-seller “Rich Dad Poor Dad,” has recently increased his Bitcoin holdings. This decision comes in the wake of the U.S. Securities and Exchange Commission’s (SEC) approval of 11 spot Bitcoin exchange-traded funds (ETFs), a landmark event in the world of cryptocurrency.
Kiyosaki’s book, “Rich Dad Poor Dad,” has had a significant global impact, selling over 32 million copies, being translated into more than 51 languages, and remaining on the New York Times Best Seller List for over six years. The book’s success underscores Kiyosaki’s influence and reach, making his views on economic matters highly sought after.
In a recent post on a social media platform, Kiyosaki expressed concern about the potential for hyperinflation. In this situation, the prices of goods and services increase rapidly while the value of the currency plummets. He questioned the economic decisions made by the White House, Treasury, and Federal Reserve, pondering, “What if our leaders F’up, the dollar collapses, and we have hyperinflation?” In anticipation of such a scenario, Kiyosaki revealed his strategy: “That’s why I bought 5 more bitcoin today.”
The SEC’s approval of 11 spot Bitcoin ETFs is a historic move allowing for mainstream Bitcoin trading on major platforms like NYSE Arca, Nasdaq, and Cboe BZX Exchange. This development has significant implications for the accessibility and liquidity of Bitcoin, potentially leading to increased adoption and acceptance of the cryptocurrency.
Kiyosaki, who has long advocated for investments in gold, silver, and Bitcoin as hedges against economic instability, reaffirmed his bullish stance on Bitcoin. He predicts that the price of Bitcoin could soon reach $150,000, a significant increase from its current value.
Kiyosaki’s bullish predictions about Bitcoin extend even further. He has previously suggested that Bitcoin could rise to $500,000 by 2025, reflecting his deep concern about America’s financial future. He has warned of hyperinflation and the potential demise of the U.S. dollar, urging investors to consider Bitcoin a safeguard against such economic upheavals.
In conclusion, Robert Kiyosaki’s recent Bitcoin purchase and bullish predictions underscore his belief in the cryptocurrency as a viable and valuable asset. His views, coupled with the current SEC approval of Bitcoin ETFs, highlight the growing acceptance and potential of Bitcoin in the financial landscape.