The author of Rich Dad Poor Dad Sees ‘Very Bright’ Future for Bitcoin

After forecasting a “giant stock market crash” that might potentially sink the crypto market, best-selling author Robert Kiyosaki now thinks bitcoin’s future is “very bright.” He also stated that he is waiting for the next price drop before investing further in bitcoin.

Last week, well-known author and investor Robert Kiyosaki stated that bitcoin’s future is “very bright.” Kiyosaki and Sharon Lechter co-wrote Rich Dad Poor Dad in 1997. For almost six years, it has been on the New York Times Best Seller List. More than 32 million copies of the book have been sold in 51 languages and 109 countries.

Kiyosaki tweeted Friday:

Hooray. Bitcoin rising above $60,000. Future very bright. Celebrate yet be cautious. I am waiting for a pullback before investing more.

Robert says that he doest not trust the government.

While the well-known investor has been advocating bitcoin to investors for quite some time, he anticipated a “giant stock market crash” in October, adding that gold, silver, and bitcoin may all crash. In July, he issued a warning:  “Biggest bubble in world history getting bigger. Biggest crash in the world history coming.”

Nonetheless, he saw bitcoin as the investment with the most potential, saying that with the dollar falling, bitcoin and silver are the best investments.” In August, he tweeted that the United States was “going bankrupt,” advising investors to “keep purchasing gold, silver, and bitcoin.

Furthermore, Kiyosaki reaffirmed his motivation for investing in bitcoin on Friday, tweeting:

I love bitcoin because I do not trust the Fed, Treasury, or Wall Street.

His remark repeated his August speech, in which he stated that he invested in bitcoin, gold, and silver “because I do not trust our leaders, the Fed, Treasury, or the stock market.”