Robert Kiyosaki Advocates Bitcoin Amid Economic Concerns

Despite a dip in Bitcoin’s price, Robert Kiyosaki remains bullish, emphasizing the need for diversification with gold and silver.

Robert Kiyosaki, a financial educator and author of the critically acclaimed book “Rich Dad, Poor Dad” on the subject of financial self-education, has taken to the social media network Twitter/X to release an essential remark regarding Bitcoin and to make a personal appeal to the community to start acquiring it. Kiyosaki’s book is about the subject of financial self-education.

Robert Kiyosaki recently announced that he had also purchased further Bitcoin after the chief regulator in the United States approved a spot-based Bitcoin exchange-traded fund (ETF).

The Following is Robert Kiyosaki’s Community Statement on Bitcoin

Kiyosaki explained that he had done this after the ETF received approval. As of the commencement of the most recent National Football League season, which took place at the beginning of September, the financial guru tweeted that the national debt of the United States of America had significantly increased over the course of the previous five months, adding an additional one billion dollars.

“I would like it if you could purchase additional gold, silver, and Bitcoin,” he tweeted. Robert Kiyosaki has made previous statements on social media in which he has expressed his dislike of the Federal Reserve and the United States Treasury.

He has also stated that he believes the worst conceivable scenario will occur, which would lead to hyperinflation of the United States dollar. The removal of the “ceiling” for the national debt of the United States by the government of the United States in the previous year caused a number of economists and bankers to raise the alarm.

This allowed the national debt to expand to a more significant level than $31.4 trillion. The national debt of the country has been continuously increasing ever since that time, adding trillion after trillion of United States dollars, and it is currently at a total of $34 trillion.

Robert Kiyosaki Purchases Additional Bitcoin Following ETF Approval

This growth has occurred since the time when the debt was first accumulated.

At the beginning of this week, the author of “Rich Dad, Poor Dad” tweeted that he had recently acquired five more bitcoins to add to the ones that he already had in his possession.

Robert Kiyosaki took this action because he was worried that hyperinflation would take place in the not-too-distant future. The United States Securities and Exchange Commission (SEC) eventually granted authorization to identify Bitcoin exchange-traded fund applications that a dozen Wall Street corporations submitted in the previous year.

This occurred at the same time as the event mentioned above.

Among the businesses that were included on this list were BlackRock, Ark Invest, and Grayscale Finance. On the very first day of trading for the Bitcoin exchange-traded fund (ETF), the new assets were only able to attract a total of $400 million in investor money. This is even though the new assets were able to attract a total of $400 million.

The price of Bitcoin has dropped from more than $49,000, as predicted by market analysts, and it is currently trading at a lower level. It is clear that this is in line with what was anticipated.

The most renowned cryptocurrency in the world has subsequently experienced a minor rebound and is currently trading at $43,043. This comes after it experienced a loss of 15.15 percent, which culminated in a collapse to $41,590.

Recent analytics reports indicate that traders have been selling a portion of their Bitcoin holdings in order to lock in profits and also to free up some cash in order to purchase the spot-based Bitcoin exchange-traded funds that have just been established. For both of these reasons, traders have been selling their Bitcoin holdings.

According to the perspective of a market analyst named Ali Martinez, Bitcoin could experience an even more significant decline.