Rich Dad Poor Dad’s Robert Kiyosaki Says the Fed and Treasury Are Destroying the Dollar, Advises Saving Bitcoin
The famous author of the best-selling book Rich Dad Poor Dad, Robert Kiyosaki, has warned that the Federal Reserve and the Treasury are destroying the U.S. dollar. Noting that they are sending billions of dollar savers a...
The famous author of the best-selling book Rich Dad Poor Dad, Robert Kiyosaki, has warned that the Federal Reserve and the Treasury are destroying the U.S. dollar. Noting that they are sending billions of dollar savers and uninformed investors to “financial hell,” he advised, “Save gold, silver, and bitcoin.”
Robert Kiyosaki’s Warning and AdviceRobert Kiyosaki, the author of Rich Dad Poor Dad, tweeted this week that the Federal Reserve and the U.S. Treasury Department are “destroying the dollar.”
Rich Dad Poor Dad is a 1997 book co-authored by Kiyosaki and Sharon Lechter. It has been on the New York Times Best Seller List for over six years. More than 32 million copies of the book have been sold in over 51 languages across more than 109 countries.
Kiyosaki wrote, “There are a million paths to financial heaven and a billion paths to financial hell,” adding:
Fed and Treasury [are] destroying the dollar sending billions of dollar savers and uninformed to financial hell. Go to financial heaven. Save gold, silver, and bitcoin.
This is not the first time the famous author has warned about the Fed and the Treasury hurting the economy and individual investors.
In December last year, Kiyosaki tweeted a warning that the Fed and U.S. President Joe Biden are “pushing fake inflation.” He predicted an imminent, massive crash that will be followed by a depression.
Kiyosaki also said in October last year that Biden and the Fed are “ripping off poor people,” reiterating that the U.S. is sliding into a depression. “Inflation rips off the poor. Inflation makes [the] rich richer,” he stressed. The famous author also tweeted in the same month:
I love bitcoin because I do not trust [the] Fed, Treasury, or Wall Street.
Kiyosaki has been recommending that investors buy gold, silver, and bitcoin for quite some time.
In January, the famous author said it was great news that the price of bitcoin was crashing. He added that he will buy more BTC when the price of the cryptocurrency tests $20K. In November, he said he will also buy ether as inflation fears escalated.
What do you think about Robert Kiyosaki’s advice? Let us know in the comments section below.
Original source
Read on Bitcoin NewsRelated market context
Metaplanet Acquires Siiibo Securities in Push to Build Bitcoin Financial Ecosystem
Bitcoin Magazine Metaplanet Acquires Siiibo Securities in Push to Build Bitcoin Financial Ecosystem Metaplanet Inc., Japan’s large...
Banks are buying Bitcoin vaults, but a quantum problem may be waiting inside
The banks are finally buying the vaults. In May, BNY, the world's largest custodian with $59.4 trillion in assets under custody an...
Neymar guides Brazil’s equalizer from the bench, but his crypto playbook tells a different story
Neymar's dual role highlights the volatility of sports-crypto ventures, underscoring the risks for investors in athlete-linked dig...
Bitcoin treasury stock volume collapses 49% to $17B daily average
The decline in Bitcoin treasury stock volume highlights shifting investor preferences towards ETFs, potentially impacting Bitcoin'...
Crypto Markets Rally as Dollar Weakens on Fed Rate Cut Bets
Bitcoin tops $70,000 as dollar falls on Fed rate cut expectations. Ethereum, altcoins gain. Institutional inflows surge. Regulator...
Jason Yanowitz: Transparency and trust are vital for crypto growth, tokenization is reshaping financial markets, and regulation is necessary for industry maturity | Bell Curve
Tokenizing assets could revolutionize financial markets by bringing infrastructure on-chain and enhancing transparency. The post J...