Rich Dad Poor Dad author Robert Kiyosaki has revealed that he bought additional bitcoin following the approval of spot bitcoin exchange-traded funds (ETFs) by the U.S. Securities and Exchange Commission (SEC). The famous author is deeply concerned about the U.S. economy, particularly the threat of hyperinflation.
Robert Kiyosaki Increases Bitcoin Holdings After SEC Green-Lights Spot BTC ETFs
The author of Rich Dad Poor Dad, Robert Kiyosaki, has revealed that he bought additional bitcoin following the approval of 11 spot bitcoin exchange-traded funds (ETFs) by the U.S. Securities and Exchange Commission (SEC). Rich Dad Poor Dad is a 1997 book co-authored by Kiyosaki and Sharon Lechter. It has been on the New York Times Best Seller List for over six years. More than 32 million copies of the book have been sold in over 51 languages across more than 109 countries.
The famous author wrote on social media platform X Thursday: “Inflation or deflation? What if the PhDs at [the] White House, Treasury & Fed put [the] economy into hyperinflation? I hope not…but what if our leaders F’up, the dollar collapses, and we have hyperinflation?” Kiyosaki added:
That’s why I bought 5 more bitcoin today.
“What are you going to do? Trust yourself not our leaders. They’re losers with PhDs,” he further said.
In a historic move, the SEC approved 11 spot bitcoin ETFs on Wednesday, paving the way for mainstream trading on NYSE Arca, Nasdaq, and Cboe BZX Exchange. The funds began trading on Thursday. On Wednesday, Kiyosaki said he was glad he purchased BTC years prior, reaffirming his bullish stance on the cryptocurrency and planning further investments. He believes that the price of bitcoin is headed for $150K soon.
Kiyosaki, a long-time advocate for gold, silver, and bitcoin, recently declared bitcoin the best protection against hyperinflation. The Rich Dad Poor Dad author has consistently made bullish predictions about BTC, ranging from $135,000 in the near future to a mind-blowing $1 million in a global economic meltdown.
In February last year, he envisioned bitcoin rising to $500,000 by 2025, with gold hitting $5,000 and silver reaching $500 along the way. These bold projections reflect Kiyosaki’s deep concern about America’s financial future. In April last year, he sounded the alarm on a dying America, foreseeing hyperinflation and the demise of the U.S. dollar. In November he urged investors to get into bitcoin now before it’s too late.