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Robert Kiyosaki buys more BTC, ETH amidst rising inflation

written by Bella Palmer
btc

When he tweeted about buying more bitcoin (BTC) and ether (ETH), the price of bitcoin was around $56,267 while ether was trading at $4,238 based on data from Bitcoin.com Markets

Robert Kiyosaki, the author of ‘Rich Dad Poor Dad’, has revealed that he is buying more bitcoin (BTC) and ether (ETH) in response to the alarming rise he sees in inflation.

Rich Dad Poor Dad is a 1997 book co-authored by Kiyosaki and Sharon Lechter. It has been on the New York Times Best Seller List for over six years. More than 32 million copies of the book have been sold in over 51 languages across more than 109 countries.

Kiyosaki tweeted last week: Dollar Tree becomes $1.25 Tree. Inflation is a tax on the poor and middle class. Inflation makes the rich richer. Get smart. Get richer. I am buying more gold, silver, bitcoin, ethereum, rental real estate, and oil.

When he tweeted about buying more BTC and ETH, the price of bitcoin was around $56,267 while ether was trading at $4,238 based on data from Bitcoin.com Markets. At one time, the price of bitcoin was $57,264.26 and ether was trading at $4,294.

Kiyosaki has previously warned about inflation on several occasions. He has also been recommending bitcoin for quite some time.

In October, the famous author tweeted that President Joe Biden and the Federal Reserve are ‘ripping off poor people,’ predicting that the U.S. is sliding into a depression. He noted that Biden and the Fed ‘need inflation to prevent new depression,’ claiming that the two are ‘corrupt.’ He warned that a giant crash is coming, followed by a new depression. He then recommended people buy gold, silver, and bitcoin.

In May, Kiyosaki tweeted that the ‘Fed wants inflation to pay debt with cheaper dollars,’ noting that the ‘Fed will raise interest rates causing stock, bond, real estate & gold crash.’

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The opinions expressed by our writers are their own and do not represent the views of UK Investment Guides. The information provided on UK Investment Guides is intended for informational purposes only. UK Investment Guides is not liable for any financial losses incurred. Conduct your own research by contacting financial experts before making any investment decisions.

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