Legendary Author Robert Kiyosaki Reveals He Bought Bitcoin for $67,000: He Shared Two Reasons
Robert Kiyosaki, one of the best-known names in the personal finance world, announced that he is continuing to buy Bitcoin despite the pullback in the cryptocurrency market.
Kiyosaki, author of the book “Rich Dad Poor Dad,” stated in a post on the X platform that he bought Bitcoin at the $67,000 level and sees the current decline as an opportunity.
Kiyosaki argued that there were two main reasons behind his investment decision. First, he stated that the growing US debt problem was putting significant pressure on the dollar system. According to the analyst, if this debt crisis deepens, the US Federal Reserve (FED) may inevitably resort to aggressive monetary expansion again and print “trillions of dollars of fiat money.” Kiyosaki believes that this scenario would weaken the purchasing power of the dollar and increase demand for alternative assets.
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The second reason is based on Bitcoin’s supply structure. Kiyosaki stated that with Bitcoin’s total supply limited to 21 million units, the scarcity effect will become more pronounced as the mining process nears its end, arguing that when the “21 millionth Bitcoin” is mined, the digital asset could gain a stronger advantage compared to gold.
*This is not investment advice.
Continue Reading: Legendary Author Robert Kiyosaki Reveals He Bought Bitcoin for $67,000: He Shared Two Reasons
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