U.Today - Prominent investor and entrepreneur in the sphere of financial education, author of "Rich Dad, Poor Dad," a classic book on financial literacy, , has published another Bitcoin tweet this week.
He has shared two interconnected reasons that are creating better conditions for investing in Bitcoin right now.
"Stock market rising as debt ceiling gets removed" — "stick with Bitcoin"
DowEven though S&P 500 went down by 0.10% and the Nasdaq Composite dropped 0.18%, these two major indexes still reached their highest intraday levels since April last year. On a weekly basis, Dow Jones rose 2.3% (the highest since March this year), the S&P 500 soared 2.4% and the Nasdaq rose by 3.3%.
Kiyosaki names the removal of the national U.S. debt ceiling as the reason for this rise of the stock market, saying that now the national debt will continue rising along with the stock market.
"Rich get richer as America gets poorer. Sad," he tweeted, adding a recommendation to stick with "real money" and "real assets": gold, silver, Bitcoin.
"Giant crash coming" — "get into Bitcoin asap"
News recently spread that leaders of BRICS countries — Brazil, Russia, India, China and South Africa — are discussing the creation of a new gold-backed currency for trading in an attempt to get away from the domination of the U.S. dollar. If that happens, Kiyosaki tweeted, trillions of USD will flow back to the country that issues them and then there will be a giant crash of the economy.
He again recommended readers to start getting into , gold and silver as soon as they can. Besides, Kiyosaki expects Bitcoin to hit $120,000 by the end of 2024 as the U.S. keeps printing more dollars.