Robert Kiyosaki explains why Bitcoin going up

The popular financial advisor explained why the price of precious metals & Bitcoin is increasing amid the ongoing economic downturn in the world.

Robert Kiyosaki is a popular writer & author of financial management-related books. In the whole world, Kiyosaki is famous for his book “Rich Dad Poor Dad”. Kiyosaki mainly suggests people invest in real estate properties, Gold, Silver & also in Bitcoin. In the past, Kiyosaki suggested people buy Bitcoin many times.

On 1 Feb 2023, Robert Kiyosaki took to Twitter to explain why the price of Gold, Silver & Bitcoin is increasing, which is a clueless thing for the category of poor & middle-class people.

Kiyosaki noted that poor people & middle-class families are getting poorer because of bad debt. Indirectly Kiyosaki pointed toward the downfall of the value of fiat currencies because of economic debt.

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The popular financial author & advisor suggested people get started with silver coin investment, which starts at $30 per silver coin.

Q: Why are gold, silver, Bitcoin going higher? A: Because US poor and middle class getting poorer & deeper in bad debt. Please don’t get poorer. At least buy one silver coin. Only $30 and start to get richer.

— Robert Kiyosaki (@theRealKiyosaki) January 31, 2023

Earlier this, on 28 Jan 2023, Kiyosaki said that a global recession is the worst thing over a bad depression and unfortunately we are in a global recession.

Kiyosaki suggested people buy silver, gold & Bitcoin at perfectly bargained prices because huge numbers of people are going through unemployment as a part of huge numbers of layoffs from big companies.

Q: WHATIS WORSE THAN A GREAT DEPRESSION? A: a global recession. UNFORTUNATELY we are in GLOBAL RECESSION. Hang on. Rough landing for world. BAD NEWS Bankruptcy, Unemployment, Homelessness soar. Retirements toast. GOOD NEWS. Bargains everywhere. Gold, Silver, BC PRICELESS.

— Robert Kiyosaki (@theRealKiyosaki) January 28, 2023

Bitcoin price

At the time of writing this article, the price of Bitcoin is $23,092 and this price is 39.51% higher over the last 30 days of trade price.

In the last 7 days, BTC grabbed only 2.7% growth in its trade price, which is still not a bad sign for the Bitcoin investors.

Read also: CoinTracker reduces workforce by 20%

Robert Kiyosaki explains why Bitcoin going up

 

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