Investor Robert Kiyosaki might be buying BTC, and he says 2022, when Bitcoin is crashing, is fine year to get rich
Prominent investor and popular book on financial self-education “Rich Dad, Poor Dad,” Robert Kiyosaki believes that 2022 is the time to get rich. Especially now, he says, as the market is crashing – including with cryptocurrencies led by bitcoin.
Kiyosaki’s message is that “the rich” (the definition from the aforementioned book basically means “smart” and “knowing how to make money”) become richer during times of crisis. That means this year.
Kiyosaki is also a big supporter of bitcoin, although unlike many other bitcoiners, he is not a maximalist and also invests money in gold and silver.
Kiyosaki might be buying BTC now
At the start of the year, in January, when Bitcoin was changing hands above $30,000, Kiyosaki tweeted that if BTC tests $20,000, he will buy more of it.
At the time of writing, the largest cryptocurrency is changing hands at $19,346, after recovering from the $19,000 mark earlier today; Therefore, Kiyosaki can buy more BTC, adding to his unknown crypto stash.
When prices were much lower, he bought Bitcoin at $9,000 and $6,000, according to the tweet.
The price of bitcoin crashed. Great news I bought the BC for $6K and 9K. I will buy more if and when BC tests $20k. It’s time to get rich.
Kiyosaki can’t get silver, but there is plenty of Bitcoin
On Sept. 20, the investor tweeted that his gold and silver dealer told him that he was unable to buy more gold or silver coins since the mint will not sell him any more silver. This made Kiyosaki share a thought that he has been tweeting from time to time since 2020, when the pandemic broke out around the world: “The end of the [fake] US dollar is near.”
Back that year, in the US alone, more than $6 trillion was printed to support the average citizen with $1,200 checks. Later big businessmen also got relief.
In a recent tweet, among the reasons for buying BTC, Kiyosaki named the Federal Reserve’s driving interest rates up, the U.S. government’s debt becoming more expensive and the U.S. borrowing too much money.
He reiterated that buying bitcoin, gold and silver is a good idea. Since he can’t get any more silver, there is always bitcoin he can buy at the moment, which unlike traditional markets trades on weekends.
