• Bitcoin Outperforms Gold, Silver, and the Dollar: “Rich Dad, Poor Dad” Author

  • Robert Kiyosaki, the bestselling author of “Rich Dad, Poor Dad” and other books about financial literacy, markets, and assets, has taken to Twitter to promote Bitcoin, claiming that it has “the greatest upside” when compared to other assets that allow for the storage of value, help protect funds, and serve as an inflation hedge.

    “Bitcoin has the most potential.”

    Bitcoin is booming, according to Kiyosaki, while gold is stagnating, the dollar is falling, and silver is 50% below its all-time highs.

    Bitcoin is booming. Gold is stagnant. Silver is 50% below all time highs. Dollar is dropping. Silver is the best, lowest risk high potential investment. Bitcoin has the greatest upside. With dollar dropping Bitcoin and silver are the best investments.— therealkiyosaki (@theRealKiyosaki) August 23, 2021

    The author tweeted twice in June that he expects “the largest crash in global history” to occur, and that he was waiting for Bitcoin to drop to $24,000 in order to buy the dip and boost his hedge against it.

    He said in a tweet that “the biggest bubble is becoming bigger,” referring to the $1.9 trillion stimulus plan approved by the US Congress in March.

    As August began, the world’s most popular cryptocurrency gained traction, reclaiming the $40,000 mark. After PayPal revealed that its UK users would soon be able to withdraw crypto from their PayPal accounts — Bitcoin, Ethereum, Litecoin, and Bitcoin Cash – it crossed $50,000 for the first time since May.

    Since Black Thursday, the most BTC has flowed to and from exchanges.

    According to the Santiment analytics organization, the largest quantity of Bitcoin traveling to and from centralized exchanges since Black Thursday (March 12, 2020) was seen on Monday, August 23.

    Almost 845,000 Bitcoins (equal to $42,025,568,000) were delivered to crypto exchanges. A total of $41,060,415,000 in Bitcoins was withdrawn (most likely to cold wallets).

    According to a CryptoQuant expert, the market is most likely still fearful at the moment, as Open Interest continues to rise while the funding rate remains low.

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