Robert Kiyosaki, the author of the bestselling personal finance book Rich Dad Poor Dad, leading investor, and entrepreneur, has added another tweet to his series of tweets about Bitcoin. Kiyosaki shared two interconnected reasons that create better conditions for investing in Bitcoin.
“Don’t Stray from Bitcoin”
Investment legend Kiyosaki drew attention to the rise in US stock markets in a message to his followers on Twitter. According to CNBC data, the 30-stock Dow Jones closed the week at 34,509.03, up 113.89 points or 0.33%. The index, which saw an increase on Friday, achieved a five-day consecutive rise.
Although the S&P 500 fell by 0.10% and the Nasdaq Composite fell by 0.18%, these two major indices reached their highest intraday levels since April of last year. On a weekly basis, the Dow Jones index rose by 2.3% (the highest level since March), the S&P 500 index rose by 2.4%, and the Nasdaq index rose by 3.3%.
Kiyosaki attributed this rise in US stock markets to the lifting of the US national debt ceiling, stating that the national debt will continue to rise along with the US stock markets. He tweeted, “As America gets poorer, the rich get richer. Sad.” He advised people to stick to what they consider real money and real assets: gold, silver, and Bitcoin.
Kiyosaki Believes a Major Crash is Coming Soon
Before this tweet, Kiyosaki reiterated his warning about a major financial crisis, which he always does, and warned that a massive crash is expected to happen soon. He also reminded his followers about the BRICS summit planned to take place in Africa on August 22nd when news spread about the leaders of BRICS countries (Brazil, Russia, India, China, and South Africa) discussing the creation of a new gold-backed currency for trade to free themselves from the dominance of the US dollar.
According to Kiyosaki, if this happens, trillions of US dollars will flow back to the countries that export them, which could cause a major collapse in the American economy. Kiyosaki advised his followers to invest in Bitcoin, gold, and silver as soon as possible, and stated that with the US printing more dollars, he expects Bitcoin to surpass $100,000 by the end of 2024 and reach $120,000.
