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Home ยป Rich Dad: Work Hard and Buy Bitcoin! Central Bank’s Increase in Gold Reserves Cannot Save Fiat Currency
Cryptocurrency Market

Rich Dad: Work Hard and Buy Bitcoin! Central Bank’s Increase in Gold Reserves Cannot Save Fiat Currency

Nov. 15, 20232 Mins Read
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Rich Dad: Work Hard and Buy Bitcoin! Central Bank's Increase in Gold Reserves Cannot Save Fiat Currency
Rich Dad: Work Hard and Buy Bitcoin! Central Bank's Increase in Gold Reserves Cannot Save Fiat Currency
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Bestselling financial book author Robert Kiyosaki, known for “Rich Dad, Poor Dad,” recently stated in a series of articles that he continues to invest in Bitcoin, silver, and gold. On the other hand, despite the increased demand for gold by central banks around the world in the third quarter, he remains skeptical of fiat currencies. Kiyosaki, a long-time supporter of Bitcoin and gold, frequently shares various investment ideas with the market.

As Bitcoin prices have significantly surged over the past month, and while the market is still considering whether it is the right time to enter at a higher price, Kiyosaki once again expressed his ongoing purchases of Bitcoin, gold, and silver in an article published on the X platform on the 10th. In the article, he also criticized the recent US government’s stance on the Israel-Palestine conflict, believing that the Biden administration desires more wars.

Furthermore, data from the World Gold Council shows that central banks around the world increased their demand for gold in the third quarter, with a total purchase of 337 tons, pushing the total purchase volume to a historical high of 800 tons since the beginning of the year. Kiyosaki also expressed his opinions on central bank monetary policies, expressing dissatisfaction between the lines.

In a tweet on the 15th, Kiyosaki reiterated his political stance, stating that the re-election of US President Biden would likely cause a major economic depression in the United States. However, this is not the first time he publicly expressed support for former President Trump. Previously, when Trump faced 34 charges and denied all of them, Kiyosaki also tweeted expressing his sadness and support.

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Rich Dad
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