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- Robert Kiyosaki, an American businessman, and author, revealed the reason behind purchasing bitcoin in a couple of tweets on Friday.
- Kiyosaki has co-authored a book with Sharon Lechter in 1997 named Rich Dad Poor Dad. The book was one of the Best Sellers according to the New York Times for more than six years.
- Over 32 million copies of the book are sold in more than 51 languages in over 109 countries.
In a tweet, Kiyosaki explained that he purchases bitcoin as pension funds are purchasing the cryptocurrency. He mentioned an article issued by Forbes, named “Your State Pension Is Now Gambling On Cryptocurrency,” which shows a survey representing that 94% of America’s state and local government pensions are putting their money in crypto. In the tweet, Kiyosaki mentioned:
“Why I purchase bitcoin. Pension fund are largest investment businesses all over the world.”
The survey is a part of the recent Investor Trust Study, issued in April by the CFA Institute, the global association of investment professionals. The study represented that institutional investors have become larger clients of crypto, with two-thirds stating they are, at present, invested in these products.
Adding to that, the pension plans which is funded by the government are the most possibly to be invested in crypto assets.
In the second tweet, Kiyosaki detailed the reason for advising the purchase of gold, silver, and bitcoin. The prominent author detailed that when pensions recently crashed, it revealed central banks couldn’t fix affection. He highlighted that pensions have often invested in gold and silver, and currently, they are tilted toward bitcoin.
Last week, the Bank of England stated to policymakers that numerous pension funds were hours from the crash when it chose to step into the British bond market after a huge U.K. government bond sell-off.
Gold, Silver, and Bitcoin
Kiyosaki also mentioned in his tweet that pension funds are already aware that fake money, stocks, and bonds are toast. He also alerted that the end of fake money is here, requesting investors to put their money in “real money,” like gold, silver, and bitcoin.
The famous author has been advising to purchase bitcoin as well as gold and silver for some time. In September, he requested investors to invest in crypto before the largest collapse in the history of the world hits. He highlighted in June that he is expecting for the value of bitcoin to experiment at $1,000.
Last week, he said that as the Federal Reserve carries on increasing interest rates, there will be purchasing chances in gold, silver, and bitcoin. He also forecasted that the U.S. dollar will collapse by January in 2023 after the Fed pivots.
Andrew is a blockchain developer who developed his interest in cryptocurrencies while pursuing his post-graduation major in blockchain development. He is a keen observer of details and shares his passion for writing, along with coding. His backend knowledge about blockchain helps him give a unique perspective to his writing skills, and a reliable craft at explaining the concepts such as blockchain programming, languages and token minting. He also frequently shares technical details and performance indicators of ICOs and IDOs.
