The crypto community is abuzz after a renowned financial author predicted an imminent bullish outcome for Bitcoin. The respected financial figure’s comments raised questions and discussions within the crypto community.
Author of Rich Dad, Poor Dad Sees Bitcoin Rising
Japanese-American entrepreneur and author of the famous book Rich Dad Poor Dad, Robert T. Kiyosaki recently said in an X (formerly Twitter) job on Thursday, that Bitcoin was on the verge of hitting $135,000 after hitting a The $30,000 mark at some point Friday following rumors that BlackRock Bitcoin ETF Approved.
Gold will soon cross $2,100 and then take off. You may wish you had purchased gold for less than $2,000. Next stop for gold at $3,700. Bitcoin tests $30,000. Next stop Bitcoin $135,000. Silver from $23 to $68 per ounce. Fake Dollar Savers F’d. Please tell your friends to “Wake up”.…
– Robert Kiyosaki (@theRealKiyosaki) October 20, 2023
With recent predictions suggesting that Bitcoin could regain its bullish momentum if it passes the crucial $30,000 mark, the crypto community finds itself filled with hope that the $30,000 could be maintained. However, later on Friday, Bitcoin fell back below $30,000 and is currently trading at $29,714 according to CoinMarketCap.
BTC market cap currently at $581 billion on the weekly chart: TradingView.com
In his post, Kiyosaki also mentioned other investment assets like gold and silver which he believed would soon break resistance and gain value. He urged people who hold or save “fake” US dollars to become more aware, which could mean a negative outcome for such investments.
“Gold will soon cross $2,100 and then take off. You may wish you had purchased gold for less than $2,000. Next stop for gold at $3,700. Bitcoin tests $30,000. Next stop Bitcoin $135,000. Silver from $23 to $68 an ounce,” Kiyosaki said.
He added: “Fake Dollar Savers F’d. Please tell your friends to “Wake up”. Take care of yourself.”
Kiyosaki explains inflationary pressure on the lower classes
In another job On Wednesday, Kiyosaki spoke on the subject of inflation. He said inflation has a significant effect on the wealth gap, that is, the economic disparity between the rich and the rest of the population.
INfLATION makes the POOR AND MIDDLE CLASS poorer because they work and save money. Yet INFLATION makes the RICH RICHER. For what? Because today’s rich people work and save gold, silver and Bitcoin.
– Robert Kiyosaki (@theRealKiyosaki) October 18, 2023
Kiyosaki said inflation had a crippling effect on the poor and middle class because they work and save U.S. dollars, making them poorer and unable to accumulate wealth without difficulty.
In contrast, he said that the rich become even richer during times of inflation because they save valuable investment assets like gold, silver and silver. Bitcoin. This theory carries some weight given that the wealthy generally have more access to financial instruments and assets that appreciate in times of inflation.
“INfLATION makes the POOR AND MIDDLE CLASS poorer because they work and save money. Yet INFLATION makes the RICH RICHER. For what? Because today’s rich people work and save gold, silver and Bitcoin,” Kiyosaki said.
Featured image from Daily Hodl
