The famous author of the best-selling book Rich Dad Poor Dad, Robert Kiyosaki, has given some advice on how to profit from inflation. Bitcoin is part of his strategy. He also praised the Ukrainian government for standing up to Russian President Vladimir Putin.
Robert Kiyosaki on Profiting from Inflation
Rich Dad Poor Dad author Robert Kiyosaki advised his 1.8 million Twitter followers how to profit from 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 on Friday:
How to profit from inflation. Biden wants inflation. I thwart his criminal actions by investing in the oil of Texas and North Dakota. I just bought a gold mine in Utah. Invest in apartments, houses in Texas. Save gold, silver, bitcoin… Invest like a capitalist.
Kiyosaki has previously warned about inflation on several occasions. He blames President Joe Biden, his administration, and the Fed for destroying the dollar. Last year, he also warned about an imminent depression.
In November, he also said he was buying more gold, silver, bitcoin, ethereum, rental real estate and oil as inflation concerns escalated.
Kiyosaki on the Russia-Ukraine War
The famous author has also spoken up a few times recently about the Russia-Ukraine war.
He tweeted last week: “Putin in trouble. Ukrainian President Zelensky… fires back at Putin. He doesn’t run. He inspires people to fight. In a follow-up tweet, he wrote:
Bitcoin defies Putin. Let’s go bitcoin. Let’s go crypto. Stand up to tyrants. Stand up to tyranny. Fight back.
The Ukrainian government started asking for cryptocurrency donations on February 26.
According to blockchain analytics platform Elliptic, the Ukrainian government and a nonprofit organization providing support to the Ukrainian military have raised almost $60 million in crypto donations since Russia began its invasion of Ukraine.
