Vocal Bitcoin supporter Kiyosaki believes it is time to grab BTC now, here are his reasons for it
Prominent investor and author of books on financial literacy, such as “Rich Dad, Poor Dad,” Robert Kiyosaki took to Twitter to name a few reasons why it’s worth buying the leading cryptocurrency bitcoin, among other assets.
“US dollar is dying,” Bitcoin, silver, gold are relevant
Kiyosaki has tweeted that a chain of U.S. government actions has led to a dying U.S. dollar, including the U.S. borrowing too much money, rising inflation and the spike of interest rates as a consequence.
He believes that, in the future, the prices of bitcoin, gold and silver will increase significantly. For the past two years, entrepreneur and financial guru Kiyosaki has been talking about these three properties as major ones.
On Saturday, Kiyosaki shared the same thought, stating that Bitcoin has now become as relevant as ever, as the real inflation has soared 16%, rather than the announced 7%.
In that tweet, he also said that the US debt is skyrocketing and the recent interest rate hike by the Federal Reserve is going to destroy the US economy.
Kiyosaki praises BTC’s programmed stability
One of the reasons why Kiyosaki got into Bitcoin in the first place, as he told VC investor and Bitcoiner Anthony Pompliano in an interview two years ago, is BTC’s computer-programmed certainty.
He mentioned the bitcoin halving, which happens every four years, and slashing the rewards of miners for solving computer problems in two. Furthermore, bitcoin has a fixed supply of 21 million coins, and this cannot be changed unless more than half of the miners agree to it, but they never will, Pomp believes.
