Bitcoin (BTC) hailed by ‘Rich Dad, Poor Dad’ author as ‘Rough Landing for World’ arrives

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Youri Molchan

Top Investor Thinks The World Is Heading For A Global Recession, So Bitcoin Is Becoming Priceless

Contents

“We are in a global recession”, “Bitcoin is priceless”, Kiyosaki continues to buy Bitcoin

Robert Kiyosaki, a famous investor and author of financial self-literacy non-fiction books “Rich Dad, Poor Dad” is the most famous who took to Twitter to share his views on the current state of the global economy and Bitcoin’s possible role in it.

“We are in a global recession”, “Bitcoin is priceless”

Kiyosaki believes that the current state of the global economy is worse than the Great Depression that hit the United States in the early thirties of the last century. The investor believes that the world has entered the state of a global recession and a “hard landing for the world” is in the works.

He referred to a wave of bankruptcies, companies laying off staff, including those in the crypto space, an increase in homelessness, and “retirements.” [being] toast.” This is what Kiyosaki called bad news. However, he pointed out that there is also good news: “bargains everywhere”, silver and gold are getting cheaper and “the bitcoin is priceless” now, he pointed out in his tweet.

Q: WHAT IS WORSE THAN A GREAT DEPRESSION? A: A global recession. UNFORTUNATELY, we are in a GLOBAL RECESSION. Wait. Hard landing for the world. BAD NEWS Bankruptcy, unemployment and homelessness are skyrocketing. Retirement toast. GOOD NEWS. Good deals everywhere. Gold, silver, BC PRICELESS.

Robert Kiyosaki (@theRealKiyosaki) January 28, 2023 Kiyosaki continues to buy Bitcoin

On the last day of 2022, the vocal Bitcoin investor said he was bullish on the flagship digital currency BTC and continued to buy it. The main reason for this was that BTC was classified by US regulators as a commodity, similar to gold and silver (which it also invests in, believing that they were not only stores of value, but also that silver was useful in various industries of the future).

As for altcoins, the author of “Rich Dad, Poor Dad” believes that the majority of them are classified as securities and “SEC regulations will crush them all”. Therefore, Bitcoin is the only crypto he opts for.

All in all, Kiyosaki said earlier that he was ready to buy BTC regardless of the price. The lower the better, according to one of his tweets, in which he said he was waiting for Bitcoin to test the $1,100 level.

Currently, the leading digital currency by market capitalization is trading at $23,180, according to data shared by analytics website CoinMarketCap.

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