Bitcoin supporter and popular author Kiyosaki talks about new reasons to stick to BTC
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Robert Kioisaki, a prominent investor and entrepreneur in financial education and author of the classic book on financial literacy, Rich Dad, Poor Dad, released a new Bitcoin tweet this week. bottom.
He shared two interrelated reasons that currently create better conditions for investing in Bitcoin.
“Stock Market Rises as Debt Ceiling Removed” – “Stick to Bitcoin”
Kiyosaki drew the attention of his followers to the fact that the stock market was rising.according to CNBC data, the Dow 30 rose 113.89 points (0.33%) to close at 34,509.03. It was the fifth consecutive day that the index was ridden on Friday.
Despite the S&P 500 falling 0.10% and the Nasdaq Composite falling 0.18%, the two major indexes are still at intraday highs since April last year. On a weekly basis, the Dow Jones rose 2.3% (his highest since March), the S&P 500 surged 2.4% and the Nasdaq rose 3.3%.
Citing the removal of the U.S. Treasury bond cap as the reason for the stock market rally, Kiyosaki said that government bonds will continue to rise along with the stock market going forward.
“As America gets poorer, the rich get richer. Sad,” he tweeted, encouraging people to continue using “real money” and “real assets” such as gold, silver and bitcoin.
“The Big Crash is Coming” – “Get into Bitcoin ASAP”
In an earlier tweet on Friday, Kiyosaki warned that he expected another “massive crash” to occur soon. He reminded the audience of the upcoming BRICS conference in South Africa on August 22 this year.
Recently, news broke that the leaders of the BRICS countries (Brazil, Russia, India, China and South Africa) are discussing the creation of a new gold-backed trading currency to escape the dominance of the US dollar. rice field. That would flow trillions of dollars back into issuing countries and cause an economic crash, Kiyosaki tweeted.
He once again urged readers to start getting interested in Bitcoin, gold and silver as soon as possible. Furthermore, Kiyosaki expects Bitcoin to reach $120,000 by the end of 2024 as the US continues to print more dollars.
