Robert Kiyosaki, the best-selling author of Rich Dad Poor Dad, has offered some tips on how to profit from inflation. Bitcoin is a component of his strategy. He also lauded Ukraine’s administration for defying Russian President Vladimir Putin.
Profiting from Inflation, according to Robert Kiyosaki
Robert Kiyosaki, the author of Rich Dad Poor Dad, has advised his 1.8 million Twitter followers on how to profit from inflation.
Kiyosaki and Sharon Lechter co-wrote Rich Dad Poor Dad in 1997. For nearly six years, it has been on the New York Times Best Seller List. More than 32 million copies of the book have been sold in 51 languages and 109 countries.
On Friday, Kiyosaki tweeted:
How to Make Money from Inflation. Biden desires inflation. I respond to his criminal conduct by investing in oil in Texas and North Dakota. I recently purchased a gold mine in Utah. Investing in apartments and houses in Texas. Investing in gold, silver, and bitcoin… Invest like a business owner.
Kiyosaki has already warned about the dangers of inflation. He blames President Joe Biden, his administration, and the Federal Reserve for the demise of the dollar. Last year, he also forewarned of impending despair.
In November, he said he was buying more gold, silver, bitcoin, ethereum, rental real estate, and oil as inflation fears grew.
Kiyosaki on the Russia-Ukraine Conflict
The well-known novelist has also recently spoken out regarding the Russia-Ukraine conflict.
Last Thursday, he tweeted, “Putin in trouble.” Ukraine’s President Zelensky… is retaliating against Putin. He’s not fleeing. He’s motivating people to fight back.” In a subsequent tweet, he stated:
Bitcoin stands up to Putin. Let’s start with bitcoin. Let’s get started with crypto. Take a stand against tyrants. Take a stand against tyranny. Retaliate.
On February 26, the Ukrainian government began soliciting cryptocurrency donations.
According to blockchain analytics platform Elliptic, the Ukrainian government and a nonprofit group assisting the Ukrainian military have raised about $60 million in cryptocurrency donations since Russia’s invasion of Ukraine began.