Robert Kiyosaki, the best-selling author of Rich Dad Poor Dad, now says bitcoin’s future is “very bright,” after predicting a “giant stock market crash” that could also tank the crypto market. He further revealed that he was waiting for the next withdrawal before investing further in bitcoin.
Bitcoin’s Future Is ‘Very Bright,’ Says Kiyosaki
Famous author and investor Robert Kiyosaki said last week that bitcoin’s future is “very bright.” Rich Dad Poor Dad is a 1997 book co-authored by Kiyosaki and Sharon Lechter. It has been on the New York Times bestseller 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 on Friday:
Hooray. Bitcoin exceeding $ 60,000. Very bright future. Celebrate but be careful. I am waiting for a step back before investing more.
While the famous investor has been recommending bitcoin to investors for quite some time, he predicted that a “giant stock market crash” was coming in October, adding that gold, silver, and bitcoin may crash as well. In July, he warned: “The biggest bubble in the history of the world is getting bigger. The biggest crash in the history of the world to come.
Nonetheless, he saw bitcoin as the investment with the greatest upside, noting that “With dollar dropping, bitcoin and silver are the best investments.” In August, he tweeted that America was “going bankrupt,” urging investors to “keep buying gold, silver, bitcoin.”
At the time of writing, the price of bitcoin is $62,362 based on data from Bitcoin.com Markets.
In fact, Kiyosaki reiterated his reason for investing in bitcoin on Friday, tweeting:
I love bitcoin because I do not trust the Fed, Treasury, or Wall Street.
His statement echoed the comment he made in August, stating that the main reason he invested in bitcoin, gold and silver was “because I don’t trust our leaders, the Fed, Treasury or Stock Market “.
