Bitcoin Is Very Exciting, Says Rich Dad Poor Dad Author

Key Points:

• Kiyosaki is buying more Bitcoin because Bitcoin is classified as a commodity much like gold, silver, and oil.
• The rise in interest rates pursued by the Federal Reserve would cause several industries to fail and reduce individual income.

2022 would finish without a definitive stance on Bitcoin and cryptocurrencies from Robert Kiyosaki, author of the best-selling business motivational book “Rich Dad Poor Dad,” but on the last day of the year, the author disclosed his current position on this subject.

According to his statement on Twitter, Kiyosaki is really enthusiastic about BTC. The main reason he continues to invest in bitcoin is that it is categorized as a commodity, much like the other investments the author adores, such as gold, silver, and oil. It’s intriguing that the author seems to have kept investing at present prices rather than waiting for the previously forecast price of $1,000 per Bitcoin.

However, Kiyosaki has a very different perspective on other cryptocurrencies, the majority of which he believes will be destroyed by regulatory actions taken by the U.S. Securities and Exchange Commission.

The author cautions readers to get ready for another wild year in his global forecast for 2023. His rhetoric suggested that by 2024, the U.S. The rise in interest rates pursued by the Federal Reserve would cause several industries, including real estate, to fail and reduce individual income.

As Coincu previously reported, on the first day of 2023, Bitcoin recorded positive numbers. In particular, Glassnode data shows that the number of addresses holding more than 0.1 Bitcoin reached 11,426,629, a record high.

Having said that, Coincu also indicated that not everyone is optimistic about Bitcoin. Lightspark’s Founder and CEO, David Marcus, said that until at least 2024, BTC and other cryptocurrencies would not be able to recover from the effects of “unscrupulous players” conduct.

At the time of writing, BTC is trading at $16,548, seeing a decrease of 0,12% in the last 24 hours.

DISCLAIMER: The Information on this website is provided as general market commentary and does not constitute investment advice. We encourage you to do your own research before investing.

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Thana

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