Robert Kiyosaki, author of “Rich Dad, Poor Dad,” says that people who own Bitcoin (CRYPTO: BTC) will end up wealthier than those he describes as “fake money savers,” and he encourages his Twitter followers to purchase the apex cryptocurrency. Kiyosaki also says that people who own gold will end up wealthier than those who save their money in banks.
In a tweet published on Friday, Kiyosaki predicted that owners of Bitcoin would become wealthier in the event that the Federal Reserve shifted its monetary policy and began printing more money.
In contrast to the practise of saving money, he suggested that investing in precious metals such as gold and silver, in addition to Bitcoin, is more likely to yield positive returns.
Earlier, he mentioned that he is a long-term investor in BTC rather than a trader, and that he will be excited rather than nervous if the price of Bitcoin drops even further.
Kiyosaki also issued a warning that the crisis surrounding pensions in the United States could become the “next global Lehman.”
Recently, the pension funds in England came dangerously close to collapsing, and Kiyosaki issued a warning that the same thing could happen in the United States.
Kiyosaki stated earlier in the month of October that he has a bullish outlook on Bitcoin due to the fact that state-sponsored pension funds are beginning to invest in Bitcoin.
Kiyosaki has issued numerous warnings indicating that the United States economy is on the verge of collapsing. In a tweet, he suggested that investors could protect their wealth from a collapse in the financial system by purchasing precious metals and cryptocurrencies such as Bitcoin, gold, and silver.
At the time of this writing, the price of Bitcoin was trading at $17,156, marking an increase of approximately 1% over the course of the previous week. The market capitalization of the leading cryptocurrency was near $330 billion at the time.
Source: Yahoofinance.com
