Robert Kiyosaki elaborates on the rationale behind buying Bitcoin citing Pension Funds and Inflation

  • Robert Kiyosaki, an American businessman and author, revealed the reason for the bitcoin purchase in a pair of tweets on Friday.
  • Kiyosaki co-authored a book with Sharon Lechter in 1997 called Rich Dad Poor Dad. The book was a New York Times bestseller for more than six years.
  • More than 32 million copies of the book are sold in more than 51 languages ​​in more than 109 countries.

In a tweet, Kiyosaki explained that he buys bitcoins as pension funds buy the cryptocurrency. He mentioned an article published by Forbes, called “Your state pension is now betting on cryptocurrency,” which shows a survey representing that 94% of US state and local government pensions are putting their money in cryptocurrencies. In the tweet, Kiyosaki mentioned:

“Why do I buy bitcoin? Pension funds are the largest investment companies in the world.

The survey is part of the recent Investor Trust Study, released in April by the CFA Institute, the global association of investment professionals. The study represented that institutional investors have become larger clients of crypto, with two-thirds stating that they currently invest in these products.

In addition to that, government-funded pension plans are the most likely to be invested in crypto assets.

In the second tweet, Kiyosaki detailed the reason for advising the purchase of gold, silver and bitcoin. The noted author detailed that when pensions recently collapsed, he revealed that central banks could not repair the affection. He noted that pensions have often invested in gold and silver, and are currently tilted towards bitcoin.

Last week, the Bank of England told policymakers that numerous pension funds were hours away from crash when it decided to enter the British bond market after a huge sell-off in UK government bonds.

Gold, Silver and Bitcoin

Kiyosaki also mentioned in his tweet that pension funds already know that fake money, stocks and bonds are toast. He also warned that the end of fake money is here, asking investors to put their money in “real money” such as gold, silver and bitcoin.

The famous author has been advising buying bitcoins as well as gold and silver for some time. In September, he asked investors to invest in cryptocurrencies before the biggest crash in world history took place. He highlighted in June that he expects the value of bitcoin to experience $1,000.

Last week, he said that as the Federal Reserve continues to raise interest rates, there will be buying opportunities in gold, silver, and bitcoin. He also forecast that the US dollar will collapse in January 2023 after the Fed changes course.

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