Bitcoin Becomes More Relevant as “Real Inflation” Hits 16%, not 7%: “Rich Dad, Poor Dad” Author

Bitcoin

Renowned investor and Bitcoin supporter Robert Kiyosaki believes that now Bitcoin has become more relevant, here’s why

Prominent real-estate investor and non-fiction author Robert Kiyosaki, who authored the bestselling book on financial literacy “Rich Dad, Poor Dad,” shared on Twitter why bitcoin has become more relevant in the current macroeconomic conditions.

Real inflation and US debt soaring, here’s when Bitcoin steps in

Kiyosaki again reminded his audience about his most famous book “Rich Dad, Poor Dad”, which was published 25 years ago, in which he said that “savers are losers”. The book speaks about the importance of financial self-education and studying the sphere of investment.

He then reiterated one of his frequently stated views that bitcoin, gold and silver are now much more important than before, as BTC and gold are store-of-value. He has been tweeting this thesis from time to time since 2020 and the start of the pandemic when BTC fell below $4,000. As far as silver is concerned, Kiyosaki believes that it is going to gain more value in the coming years, as it is used in various industries as well as gold.

Today, Kiyosaki tweeted, US debt has grown to 100s of trillions of USD. The real inflation is not 7 percent but a whole 16 percent. The recent rises of the interest rates by the Fed Reserve “will destroy the economy”, he adds.

Kiyosaki says crypto will become more important

As previously reported by U.Today, the “Rich Dad, Poor Dad” author stated that crypto is going to be more important than now and added that it is worth knowing before the big market crash occurs.

In an earlier tweet, Robert claimed that he predicted the upcoming crash as early as 2013, just a few years after Bitcoin was created by mysterious Satoshi Nakamoto, who is sometimes believed to be a group of IT engineers and cryptographers. The ensuing collapse of the financial system will create a new world order and crypto, according to Kiyosaki, is going to emerge victorious from it.

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