Robert Kioysaki, a well-known investor and entrepreneur in the field of financial education and the author of the famous book “Rich Dad, Poor Dad,” which focuses on financial literacy, has sent another tweet on bitcoin this week.
He discussed two related factors that are now improving the environment for Bitcoin investments.
“Stock market rising as the debt ceiling gets removed” – “stick with Bitcoin”
The growing stock market was brought to the notice of Kiyosaki’s followers. The 30-stock Dow gained 113.89 points, or 0.33%, to close at 34,509.03, according to statistics from CNBC. For this index, Friday was the fifth day of cycling in a row.
Despite a 0.10% decline in the S&P 500 and a 0.18% decline in the Nasdaq Composite, these two important indices nonetheless achieved their best intraday levels since April of last year. The Dow Jones increased by 2.3% on a weekly basis, reaching its highest level since March of this year. The S&P 500 increased by 2.4%, while the Nasdaq increased by 3.3%.
The elimination of the US national debt ceiling, according to Kiyosaki, is the cause of this increase in the stock market and will result in an increase in both the stock market and the national debt going forward.
“As America becomes impoverished, the affluent gain richer. Sad,” he said in a tweet, adding the advice to stay with gold, silver, and Bitcoin as “true money” and “genuine assets.”
“Giant crash coming” – “get into Bitcoin asap”
On Friday, Kiyosaki warned in a previous tweet that he once more anticipates a “giant crash” to occur shortly. He brought up the BRICS conference, which will take place in South Africa on August 22 this year.
The establishment of a new gold-backed trading currency is being discussed by the leaders of the BRICS nations, which include Brazil, Russia, India, China, and South Africa, in an effort to break free from the dominance of the US dollar, according to recent reports. According to a tweet from Kiyosaki, if that occurs, billions of dollars would return to the nation that issued them, causing the economy to tumble severely.
He once more advised people to start investing as soon as they can in Bitcoin, gold, and silver. In addition, Kiyosaki predicts that Bitcoin will reach $120,000 by the end of 2024 as long as the US continues to manufacture money.
