Robert Kiyosaki explains why he buys bitcoins citing pension funds, inflation and the unprecedented crisis to come

The famous author of the best-selling book Rich Dad Poor Dad, Robert Kiyosaki, has explained why he buys bitcoins. Citing inflation, he detailed that pension funds are investing in crypto-currencies, adding that they know that the “fake“money, stocks and bonds”are burned out.

Robert Kiyosaki explains why he buys bitcoin

Rich Dad Poor Dad author Robert Kiyosaki explained why he buys bitcoin in a few tweets on Friday. Rich Dad Poor Dad is a book published in 1997 and co-authored by Kiyosaki and Sharon Lechter. It was on the New York Times bestseller list for more than six years. More than 32 million copies of the book have been sold in more than 51 languages and in over 109 countries.

In a tweet, the author of Rich Dad Poor Dad explained that he buys bitcoins because pension funds buy the crypto-currency. He referred to an article published by Forbes, titled “Your State Pension Is Now Gambling On Cryptocurrency“, which features a survey showing that 94 percent of U.S. state and local government pensions are investing in cryptocurrencies. Tweeting the article to his 1.2 million followers, Kiyosaki wrote:

The survey is part of the latest investor confidence study released in April by the CFA Institute, the global association for investment professionals. The study found that institutional investors have become greater users of crypto-currencies, with two-thirds reporting that they are currently invested in the products. In addition, government-sponsored pension plans are the most likely to be invested in crypto assets.

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In another tweet, Kiyosaki explained why he recommended buying gold, silver and bitcoin. The famous author explained that when pensions almost collapsed, it showed that central banks could not fix inflation. He noted that pensions have always invested in gold and silver, and now they are investing in bitcoin.

Kiyosaki also said in his tweet that pension funds know that the fake money, stocks and bonds “are toast.“The famous author recently warned that the end of fake money has arrived, urging investors to invest in the “real money“, namely gold, silver and bitcoin.

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The famous author has long recommended buying bitcoin alongside gold and silver. Last month, he urged investors to get into crypto-currency now, before the biggest crash in world history occurs. In June, he said he expected the price of bitcoin to reach $1,100.

Last week, he said that when the Federal Reserve continues to raise interest rates, there will be buying opportunities in gold, silver and bitcoin. He also predicted that the US dollar will collapse by next January after the Fed pivot.

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