Robert Kiyosaki, the author of the book “Rich Dad Poor Dad”, commented on the recent movements of Bitcoin price yesterday. The investment legend says that, along with BTC, these are ideals.
Robert Kiyosaki buys Bitcoin, gold and this crypto
At various times over the past three years, Kiyosaki has been critical of the Fed’s reaction to the resulting economic crashes and urging his broad followers on social media platforms to shield themselves from the high inflation he felt was inevitable. The famous author used silver, gold, Bitcoin Solana as a cure for inflation.
Kiyosaki featured an interview in episode 263 of Anthony Pompliano’s “Pomp Podcast” aired on April 7, 2021. During this interview, Pompliano asked Kiyosaki’s views on “traditional hedging” assets. Kiyosaki said, “Gold and silver are God’s money. “Bitcoin is open source people’s money,” he says.
On December 30, 2022, Kiyosaki told his more than 2.3 million followers that he has a positive outlook on Bitcoin, as unlike many other cryptocurrencies, Bitcoin is a commodity and therefore unaffected by the future moves of the SEC:
Question: Do you invest in Bitcoin?
Answer: Yes, I do. I am very excited for Bitcoin. Why is that? Why? Because Bitcoin is classified as a commodity like gold, silver and oil. Many crypto tokens are classified as securities and SEC regulations will crush many. I’m getting more BTC.
Robert Kiyosaki points to BTC and these
Earlier yesterday, Kiyosaki described Bitcoin’s recent price spike as “appropriate news for those who know inflation is permanent.” On January 14, he wrote again on Twitter:
Bitcoin, Gold, Silver and oil prices are rising. Good news for those who know that inflation is permanent… it is no longer systemic… it is discontinuous. Bad news for the ignorant, poor, middle class… Anyone who believes Biden cares about them and their families. Biden doesn’t care about you.
What awaits Bitcoin, Cardano and Shiba Inu
According to the information received from CoinGecko, the global cryptocurrency market price has increased by over 5% in the last 24 hours. According to the information of CoinMarketCap, after the FTX collapse, Bitcoin saw a process above $ 21,000 for the first time, while Ethereum climbed to $ 1,600.
In addition, Cardano and Shiba Inu, which share a statistically significant positive correlation with BTC, also recorded price increases of 4% and 6%, respectively, in the same time frame. According to the information of crypto analytics platform Coinglass, liquidations in the crypto money market in the last 24 hours totaled $ 719.05 million with 131,575 investors liquidated.
However, the recent rally had a negative impact, especially on short-term traders. According to data from Coinglass, short events liquidated in the last 24 hours accounted for 62% of total market liquidations.