Saturday, May 25, 2024
9.6 C
London
HomeCrypto EconomyReal Inflation Hits 16%, not 7%: “Rich Dad, Poor Dad” Author

Real Inflation Hits 16%, not 7%: “Rich Dad, Poor Dad” Author

Prominent real-estate investor and non-fiction writer Robert Kiyosaki, who authored the bestselling book on financial literacy “Rich Dad, Poor Dad”, has taken to Twitter to share why Bitcoin has become more relevant under the current macroeconomic conditions.

Real inflation and US debt soaring, here’s when Bitcoin steps in

Kiyosaki again reminded his audience about his most famous book “Rich Dad, Poor Dad”, which was published 25 years ago, in which he said that “savers are losers”. The book speaks about the importance of financial self-education and studying the sphere of investment.

He then repeated one of his frequently mentioned thoughts that Bitcoin, gold and silver have become much more important now than before, because BTC and gold are stores-of-value.

He has been tweeting this thesis from time to time since 2020 and the beginning of the pandemic when BTC crashed below $4,000. As for silver, Kiyosaki believes that it is going to gain more value in the coming years, as it is used in the various industries, as well as gold itself.

Today, Kiyosaki tweeted, US debt has grown to 100s of trillions of USD. The real inflation is not 7 percent but a whole 16 percent. The recent rises of the interest rates by the Fed Reserve “will destroy the economy”, he adds.

Kiyosaki says crypto to become more important

In an earlier tweet, Robert claimed that he predicted the upcoming crash as early as 2013, just a few years after Bitcoin was created by mysterious Satoshi Nakamoto, who is sometimes believed to be a group of IT engineers and cryptographers.

The upcoming fall of the financial system will create a new world order and crypto, according to Kiyosaki, is going to emerge victorious from that.

Source

DISCLAIMER

As per the principles outlined by the Trust Project, Cryptozia remains dedicated to delivering impartial and transparent reporting. This news article is intended to offer precise and punctual information. Nevertheless, it is recommended that readers autonomously corroborate the facts and seek advice from a qualified expert prior to making any decisions reliant on this content.

latest articles

explore more