Inflation Dollars, Rich Dad Poor Dad Author Robert Kiyosaki Buys More Bitcoin And Ethereum
JAKARTA – The author of the investment book Rich Dad Poor Dad, Robert Kiyosaki sees dollar inflation getting higher. Therefore Kiyosaki bought more Bitcoin (BTC) and Ethereum (ETH) cryptocurrencies. The decision is a response to rising inflation which is increasingly worrying.
For information, the book Rich Dad Poor Dad, written by Kiyosaki and Sharon Lechter, was first published in 1997. Rich Dad Poor Dad immediately sold in the market and managed to enter the New York Times best seller list for more than six years. The book has sold more than 32 million copies and was translated into 51 languages and sold in 109 countries around the world.
Last week, Robert Kiyosaki wrote a Twitter post about inflation making the rich richer. According to him, this is detrimental to the poor and middle class. Therefore, Kiyosaki invites various groups to invest in a number of assets including cryptocurrencies and gold.
“The Dollar Tree became a $1.25 Tree. Inflation is a tax on the poor and middle class. Inflation makes the rich richer. Come on Smart. Become richer. I bought more gold, silver, bitcoin, ethereum, rental real estate and oil," he wrote in a tweet.
He also revealed that he bought more Bitcoin and Ethereum when the two cryptocurrencies were at $56,267 and $4,238. At the time of writing, the price of BTC has touched 57,187 dollars, while ETH is trading at 4,444 US dollars as data from Coinecko reports.
Previously, the author of the investment book had warned of inflation. Kiyosaki recommended crypto for investment some time ago.
In October, the famous author of Rich Dad Poor Dad took to Twitter, declaring that President Joe Biden and the Federal Reserve were “cheating the poor,” predicting that the US was in a depression.
He noted that Biden and the Fed "need inflation to prevent a new depression," claiming that both are "corrupt." He warns that a giant crash is coming, followed by a new depression. He then recommended people to buy gold, silver and bitcoin as reported by Bitcoin.com News.
Even so, until now it is not known how many additional Bitcoin and Ethereum were purchased by Robert Kiyosaki recently.