• Robert Kiyosaki, author of ‘Rich Dad,’ explains why he likes Bitcoin

  • Robert Kiyosaki, the best-selling author of the “Rich Dad, Poor Dad” series of personal finance books, shared his latest thoughts on Bitcoin yesterday (October 15).

    “Rich Dad, Poor Dad,” one of the top ten personal finance books of all time, “advocates the importance of financial literacy (financial education), financial independence, and wealth creation through asset investing, real estate investing, starting and owning businesses, and increasing one’s financial intelligence (financial IQ) to improve one’s business and financial aptitude.”

    Throughout the current COVID-19 pandemic, Kiyosaki has criticized the Federal Reserve’s response to the resulting economic fallout and strongly urged his large social media following to protect themselves from what he believes will be inevitable high inflation (and possibly hyperinflation) in the future by using their fiat holdings to buy silver, gold, and Bitcoin.

    Kiyosaki tweeted yesterday, shortly after it became clear that the Securities and Exchange Commission (SEC) had tacitly approved the registration request for ProShares’ Bitcoin futures ETF:

    He was ecstatic that Bitcoin had broken through the $60,000 barrier for the first time in six months; however, he was cautious and wanted to wait for another pullback before buying more $BTC.

    What's your reaction?