Robert Kiyosaki, known for his book “Rich Dad, Poor Dad”, shared in detail why he was interested in Bitcoin.
Here’s why Bitcoin is Robert Kiyosaki’s safe haven
Investment legend Robert Kiyosaki recently expressed his interest in Bitcoin on Twitter. This time, he cites a Forbes article that claims pension funds are “gambling” on cryptocurrencies. The related article suggests that a portion of a US state or local government-backed pension fund is devoted to cryptocurrencies:
According to a 2022 study published by the CFA Institute, 94% of state and government-backed pension funds are invested in one or more cryptocurrencies, despite the obvious risks.
According to the CFA Institute research cited in the report, despite the obvious risks, 94% of state and government-backed pension funds invest in one or more cryptocurrencies. Kiyosaki previously listed a few reasons why he might consider buying Bitcoin. He noted that actions by the US government such as excessive borrowing, rising inflation and rising interest rates have caused the US dollar to “collapse”. According to his prediction, the price of Bitcoin, gold and silver could increase significantly in the future.
2022, cryptocurrencies and global markets bearish
For cryptocurrencies and the rest of the global markets, 2022 was a bearish year. Since the market peak, Bitcoin has lost 71% of its value. According to the author, the major market crash he predicted in 2013 is almost here. According to him, it may be time to start making money with cryptocurrency.
Peter Brandt harshly criticized the speakers at the summit
In other places, renowned market analyst Peter Brandt harshly criticized the phenomena that kept up with the “laser eyes” trend in prices at the peak. Brandt directly targets former MicroStrategy CEO Michael Saylor in the tweet below. Peter Brandt stated in a tweet that he would not predict Bitcoin’s price below $20,000. These statements caught the attention of the President of MicroStrategy.
As Saylor points out:
Laser eyes express a long-term commitment to Bitcoin based on its ethical, technical and economic superiority over alternative assets. All major financial asset classes have been losing volume over the past year. That’s why we don’t do it, we hodl.
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