'Rich Dad Poor Dad' Author Says Bitcoin Holders Will Get Richer When Fed Prints 'Trillions Of Fake Dollars'
"Rich Dad, Poor Dad" author Robert Kiyosaki says that people who own Bitcoin (CRYPTO: BTC) will end up wealthier than those he describes as "fake money savers," and encourages his Twitter follower to purchase the apex crypto.
In a Friday tweet, Kiyosaki said Bitcoin holders would likely get richer when the Fed changes its monetary policy and begins to print more money.
He also said that besides Bitcoin, precious metals like gold and silver are likely to return more value, unlike saving money.
PENSIONS next global LEHMANN. What are you going to do? Will you get richer or poorer? People who own gold, silver, Bitcoin will get richer when Fed, Treasury, Wall Street pivot & print trillions of fake dollars. Fake money savers will be biggest losers. Don’t be a loser.
— therealkiyosaki (@theRealKiyosaki) December 9, 2022
Earlier, he mentioned that he is a long-term investor of BTC rather than a trader and if the price of Bitcoin drops further, he will be excited rather than nervous.
Also Read: Analyst Who Called 2022 Bitcoin Collapse Is Optimistic For The Short-Term: Here's Why
Kiyosaki also warned that the U.S. pension crisis could be the "next global Lehman."
Recently the pension funds in England almost collapsed, and Kiyosaki warned that a similar situation could arise in the U.S.
Earlier in October, Kiyosaki mentioned that he is bullish on Bitcoin because state-sponsored pension funds are starting to invest in BTC.
Kiyosaki has repeatedly cautioned that the U.S. is heading toward an economic collapse. He said in a tweet that amid a financial meltdown, investors could keep their capital intact by loading up on gold, silver, and Bitcoin.
At the time of writing, Bitcoin was trading at $17,156, up about 1% in the last seven days. The apex crypto's market cap stood at around $330 billion.
Photo: Created with an image from Gage Skidmore via Wikimedia
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