Bitcoin at $ 50,000 is bad news for ‘Mom and Pop’, says author rich daddy poor daddy Robert Kiyosaki

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What Happened: In his latest round of tweets, Rich Dad Poor Dad author Robert Kiyosaki explained why Bitcoins (CRYPTO: BTC) are rising to $ 50,000 is not good news for everyone.

According to him, while the major appreciation in the price of digital assets could be great news for Bitcoin holders, it’s bad news for mom and pop.

By mom and dad, Kiyosaki was probably referring to average investors who trust more conventional financial systems when making investment decisions.

Also read: Bitcoin and Dogecoin will rise as the US dollar dies: rich father, poor father author Robert Kiyosaki

As he explained in his tweet, the main reason he invests in Bitcoin, gold and silver is that he doesn’t trust the rulers, the Fed, the Treasury or even the stock market. .

Sadly, money-saving mom and dad do, he said.

Earlier today, the author told his 1.7 million Twitter followers that Bitcoin is booming, but gold is stagnating and the US dollar is falling.

He went on to point out that silver is 50% below its historic highs and it is the best low risk, high potential investment.

Bitcoin has the biggest advantage. With the dollar falling, Bitcoin and silver are the best investments, he explained.

Price Action: Bitcoin has fallen 2.97% since Kiyosakis’ tweets, falling below the $ 50,000 mark.

At the time of writing, the market-leading crypto asset was trading at a price of $ 48,902.

Daily cryptocurrency trading volume has fallen 10.38% in the past 24 hours to $ 32.8 billion at the time of publication.

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