Robert Kiyosaki is the best-selling author of Rich Dad Poor Dad. He now believes bitcoin’s future looks “very bright” after foreseeing a “giant crash in the stock market.” This could also threaten the crypto market. He also said that he will wait for the next pullback to invest more in bitcoin.
According to Kiyosaki, Bitcoin’s Future is ‘Very Bright’
Robert Kiyosaki, a famous investor and author, said last week that bitcoin’s future was “very bright.” Rich Dad Poor Dad was co-authored in 1997 by Sharon Lechter and Kiyosaki. The New York Times Best Seller List has had it for six years. The book has been translated into more than 51 languages in more than 109 different countries.
Kiyosaki tweeted Friday
Hooray. Bitcoin rises above $60,000. Future is bright. Be optimistic, but be careful. Before I invest more, I wait for a pullback.
The famous investor, who has recommended bitcoin to investors for a while, predicted that there would be a “giant market crash” in October. He also suggested that bitcoin, gold, silver and other currencies could crash. He warned that the “biggest bubble in history” was growing in July. “Biggest crash in world history is coming.”
He still saw bitcoin as an investment with the highest upside and noted that “With the dollar falling, bitcoin and silver were the best investments.”
At the time of writing, the price of bitcoin is $62,362 based on data from Bitcoin.com Markets.
Moreover, Kiyosaki reiterated Friday his reason for investing in bitcoin, tweeting:
I love bitcoin because I do not trust the Fed, Treasury, or Wall Street.
His statement echoed the comment he made in August, stating that the primary reason he invested in bitcoin, gold, and silver was “because I do not trust our leaders, the Fed, Treasury, nor the stock market.”
