Robert Kiyosaki, author of the book “Rich Dad Poor Dad”, commented on the recent movements of Bitcoin price yesterday. Investment legend says these, along with BTC, are ideal.
Robert Kiyosaki buys Bitcoin, gold and this crypto
At various times over the past three years, Kiyosaki has been critical of the Fed’s response to the resulting economic crashes and urged his broad followers on social media platforms to shield themselves from the high inflation he felt was inevitable. The famous writer used silver, gold, Bitcoin Solana as a cure for inflation. cryptocoin.comWe have included the details in this article.
Kiyosaki featured an interview on episode 263 of Anthony Pompliano’s “Pomp Podcast,” which aired on April 7, 2021. During this interview, Pompliano asked Kiyosaki’s thoughts on “traditional hedging” assets. Kiyosaki said, “Gold and silver are God’s money. “Bitcoin is open source people’s money,” he says.
Q: Are you investing in Bitcoin?
A: Yes I am. I am very excited about Bitcoin. Why? Because Bitcoin is classified as a commodity much like gold, silver, and oil. Most crypto tokens are classifed as a security and SEC regulations will crush most of them. I am buying more BC— Robert Kiyosaki (@theRealKiyosaki) December 31, 2022
On December 30, 2022, Kiyosaki told his more than 2.3 million followers that he views Bitcoin positively as unlike most other cryptocurrencies Bitcoin is a commodity and therefore unaffected by the future actions of the SEC:
Question: Do you invest in Bitcoin?
Answer: Yes, I do. I am very excited for Bitcoin. Why is that? Why? Because Bitcoin is classified as a commodity like gold, silver and oil. Most crypto tokens are classified as securities and SEC regulations will crush most of them. I’m getting more BTC.
Robert Kiyosaki points to BTC and these
Earlier yesterday, Kiyosaki described Bitcoin’s recent price spike as “good news for those who know inflation is permanent.” On January 14, he wrote again on Twitter:
Bitcoin, Gold, Silver and oil prices are on the rise. Good news for those who know that inflation is permanent… it is no longer systemic… it is temporary. Bad news for the ignorant, poor, middle class… anyone who believes Biden cares about them and their families. Biden doesn’t care about you.
Bitcoin, Gold, Silver, and oil moving up in price. Good news for those that know inflation is permanent…now systemic…not transitory. Bad news for the uninformed, poor, middle class… anyone who believes Biden cares about them and their families. Biden does not care about you.
— Robert Kiyosaki (@theRealKiyosaki) January 14, 2023
What awaits Bitcoin, Cardano and Shiba Inu
According to data from CoinGecko, the global cryptocurrency market cap has increased by over 5% in the last 24 hours. According to data from CoinMarketCap, Bitcoin was trading above $21,000 for the first time after the FTX crash, while Ethereum climbed to $1,600.
In addition, Cardano and Shiba Inu, which share a statistically significant positive correlation with BTC, also recorded price increases of 4% and 6%, respectively, over the same time frame. According to data from crypto analytics platform Coinglass, liquidations in the cryptocurrency market in the last 24 hours totaled $719.05 million with 131,575 investors liquidated.
However, the recent rally has had a negative impact, especially on short-term traders. According to data from Coinglass, short positions liquidated in the last 24 hours accounted for 62% of total market liquidations.
