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Robert Kiyosaki Explains His Smart Bitcoin Buy
In an X post earlier today, Rich Dad Poor Dad author Robert Kiyosaki unveiled his latest Bitcoin purchase amid the market crash. He bought one whole Bitcoin at $67,000, contributing to his stash.
The post also shed light on the two key reasons for his latest Bitcoin buy. Reiterating his previous stance, Robert Kiyosaki noted that the first reason is his concern about the US debt and the Federal Reserve. He believes that the Fed will start printing trillions of “fake dollars” when the US debt triggers a dollar crash. This, according to him, could further weaken the fiat currency.
The second reason Kiyosaki cited is the scarcity of BTC. He believes that as the cryptocurrency moves closer to its final mining, the scarcity could make the coin more valuable than ever. BTC has a fixed supply of 21 coins. Now, more than 19 million have already been mined. When the final coins are mined, Bitcoin’s limited supply could push the prices to unprecedented heights, stated Robert Kiyosaki. His post read,
“Because the Big Print will begin when the US debt crashes the dollar and “The Marxist Fed” begins printing trillions in fake dollars. The magical 21 millionth Bitcoin is getting close to being mined. When the 21st millionth Bitcoin is mined…. Bitcoin becomes better than gold.”
His statement echoes his earlier view that Kiyosaki isn’t concerned with Bitcoin’s short-term performance and focuses instead on a long-term strategy. As CoinGape reported, Kiyosaki believes that the short-term fluctuations are driven by macroeconomic and geopolitical pressures, but they will not hamper its long-term growth. $BTC $ETH $BNB