Robert Kiyosaki, a former real estate investor who made his fortune but later turned to financial education, and who is also known as the author of the popular financial education book “Rich Dad, Poor Dad” , talked about bitcoin on Twitter.
He tweeted that those who hold bitcoin will get richer, naming the engine he believes will push the flagship cryptocurrency to new heights.
“People who own bitcoins will get richer”
Robert Kiyosaki has compared the US pension system to a bubble, calling them “next global Lehman“. The financial services company Lehman Brothers Holdings was born in 1847. Over time, it managed to become the fourth largest investment bank in the United States. However, in 2008 when the mortgage crisis hit the United States the company filed for bankruptcy.
However, according to the author ofRich Dad, Poor Dad“, as soon as the US Federal Reserve reverses its hawkish policy and begins pumping unsecured dollars, printed out of thin air, into the economy, assets such as bitcoin, silver and gold will see their prices soar. sharply. He tweeted that the holders of these three things will become richer after the Fedthe Treasury and Wall Street will have pivoted and started printing “faux dollars“.
Those who save “counterfeit money“will be the”biggest losers“, according to him. Robert Kiyosaki said this thing about the “faux dollars” and the coming collapse of the dollar since the pandemic began in early 2020.
At the time, bitcoin briefly dipped below $4,000. The US government has started distributing financial aid to US citizens during the pandemic lockdown by giving out so-called “survival checks” worth $1,200.
Banks and large corporations were also bailed out. In total, more than US$6 trillion was printed in that year alone. More have been added in 2021 as well.
PENSIONS next global LEHMANN. What are you going to do? Will you get richer or poorer? People who own gold, silver, Bitcoin will get richer when Fed, Treasury, Wall Street pivot & print trillions of fake dollars. Fake money savers will be biggest losers. Don’t be a loser.
— therealkiyosaki (@theRealKiyosaki) December 9, 2022
Bitcoin Expected to Rise Against Tesla
Bloomberg Intelligence Commodity Analyst Mike McGlone tweeted that he expects Bitcoin price to rise in the near future. He assessed the chances of a rise in BTC and the shares of the giant Tesla both of which have lost $500 billion of their capitalization this year.
Since Tesla is likely to face a tough rivalry, Mike McGlone said, it’s unlikely to see a rise. Meanwhile, bitcoin is facing growing demand and adoption amid a dwindling fixed supply.
Also, the whole world is rapidly going digital. said Mike McGlone, which is another factor that could drive the price of BTC higher. In his previous tweets, he said that BTC is likely to hit $100,000 and that’s just a “a matter of time“. In his bullish forecast for bitcoin, he always refers to the rising demand for BTC and its fixed supply of 21 million, which keeps decreasing as the coins are minted.
As of now, over 18 million BTC have already been minted. The previous halving was in 2020, which means miners are now producing half the amount of BTC. The next halving will take place in mid-2024.
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