1 year ago
Rich Dad Poor Dad writer Robert Kiyosaki has recommended buying bitcoin exchange-traded funds (ETFs). Warning that the planetary system is slowing to a imaginable slump and the U.S. Treasury and Federal Reserve volition people trillions successful “fake dollars,” helium urged investors: “Don’t beryllium caught sleeping similar astir Americans. Take enactment now.”
Robert Kiyosaki and Spot Bitcoin ETFs
The writer of Rich Dad Poor Dad, Robert Kiyosaki, has suggested investing successful bitcoin exchange-traded funds (ETFs) for investors who similar this attack implicit nonstop concern successful bitcoin. Rich Dad Poor Dad is simply a 1997 publication co-authored by Kiyosaki and Sharon Lechter. It has been connected the New York Times Best Seller List for implicit six years. More than 32 cardinal copies of the publication person been sold successful implicit 51 languages crossed much than 109 countries.
On Tuesday, Kiyosaki posted connected societal media level X, expressing interest astir the Cardboard Box Index, an indicator utilized by immoderate investors to measure user goods production, which helium claims is crashing. Kiyosaki stated that shoppers person ceased shopping, indicating a imaginable planetary economical downturn that could effect successful a depression. He anticipates that the Treasury and Federal Reserve volition respond by printing trillions successful fake dollars.
In effect to these concerns, the renowned writer recommended his accustomed choices of gold, silver, and bitcoin. He highlighted the rising terms of golden and the comparatively debased outgo of silver. Additionally, Kiyosaki suggested considering a bitcoin ETF arsenic an alternative. In conclusion, helium urged investors to instrumentality contiguous enactment and debar being caught disconnected guard, emphasizing the request for proactive measures.
This isn’t the archetypal lawsuit of Kiyosaki informing astir a imaginable depression. In July, helium predicted that a slump is coming. In February, helium cautioned astir an impending elephantine crash, stating that a slump is possible. He projected that by 2025, golden would beryllium valued astatine $5,000, metallic astatine $500, and bitcoin astatine $500,000. Kiyosaki attributed these predictions to the anticipated nonaccomplishment of religion successful the U.S. dollar, which helium refers to arsenic “fake money.” In his perspective, golden and metallic are regarded arsenic “God’s money,” portion bitcoin is seen arsenic “people’s money.”
Kiyosaki did not specify the benignant of bitcoin ETFs helium recommends. In the U.S., determination are futures bitcoin ETFs but the U.S. Securities and Exchange Commission (SEC) has yet to o.k. a spot bitcoin ETF. SEC Chairman Gary Gensler precocious revealed that the securities regulator is considering betwixt eight and 10 spot bitcoin ETF applications. Recently, a erstwhile NYSE president said helium expects money to flood into the crypto manufacture with spot bitcoin ETF launches. Microstrategy president Michael Saylor expects request for bitcoin to double aft the halving and the support of spot bitcoin ETFs.
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