Robert Kiyosaki Just Did A 180...Not Exactly
Robert Kiyosaki is the author of Rich Dad Poor Dad. The book has sold over 30 million copies and written in 51 languages. The book is a staple and should be in everyone’s library because it talks about financial literacy, something lacking in American.
The book is about Robert and his two dads, his real father (poor dad) and the father of his best friend (rich dad) and how the poor dad worked for money, but the rich dad made money work for him. Concepts from the book include:
You must know the difference between an asset and a liability, and buy assets. An asset puts money in your pocket. A liability takes money out of your pocket.
Once you understand the difference between assets and liabilities, concentrate your efforts on buying income-generating assets. “The rich buy assets. The poor only have expenses. The middle class buy liabilities they think are assets.”
Six months ago Robert made headlines when he said to not save your money, spend it on the ‘best buy for future security.’ Robert later went on to say, buy Bitcoin, Gold and Silver as the US dollar will continue to lose value over time due to all the printing of fiat taking place around the world as of result of COVID-19. Now it appears Robert is doing a complete 180...well not exactly.
Robert Kiyosaki calls the United States “bankrupt” as national debt bears $27 trillion, listing Bitcoin among the three “best” long-term investments.
Bitcoin (BTC) will “crash” when the world finds a coronavirus vaccine that works, popular author Robert Kiyosaki claims.
In a tweet on Sep. 15, Kiyosaki, famous for his book, “Rich Dad Poor Dad,” warned that a functional solution to Covid-19 would send safe-haven assets plummeting.
“What happens when vaccine is proven? Gold silver Bitcoin will CRASH. Buying opportunity,” he wrote.
I'm convinced more than that Bitcoin is going higher. Years ago, the Smart Money was bad-mouthing Bitcoin. That's not the case any longer.
Just this past week, MicroStrategy CEO Michael Saylor said that the firm had bought another 16,796 BTC, adding to the 21,454 it purchased earlier this summer. And Jim Cramer, host of Mad Money said he is "fixated" on needing to own bitcoin because he fears a "massive amount of inflation. Take cues from the Smart Money, they tend to be right more often than not.
This post is my personal opinion. I’m not a financial advisor, this isn't financial advise. Do your own research before making investment decisions.
Posted Using LeoFinance
