- Renowned investor and author of “Rich Dad Poor Dad”, Robert Kiyosaki, continues to show interest in Bitcoin, expanding his crypto portfolio by purchasing Ethereum (ETH). This move highlights Kiyosaki’s concerns about the devaluation of the US dollar and the need for alternative investments.
- Kiyosaki, who already owns gold, silver, and some Bitcoin, surprised many by admitting to buying Ethereum, the second-largest cryptocurrency. He discussed his concerns about the falling value of the US dollar and the importance of alternative investments in a recent episode of the “Rich Dad Channel” podcast.
- Despite his limited understanding of Bitcoin, Kiyosaki emphasized the vital role of protecting wealth against the weakening dollar, fueled by increasing national debt. He views gold, silver, and cryptocurrencies as a shield against this inflation.
Robert Kiyosaki, author of “Rich Dad Poor Dad”, expands his crypto portfolio with Ethereum, highlighting his concerns about the devaluation of the US dollar and the need for alternative investments.
Kiyosaki’s Crypto Portfolio Expansion
Robert Kiyosaki, a financial education advocate and famous author of “Rich Dad Poor Dad”, has admitted to purchasing Ethereum (ETH), the second-largest cryptocurrency, in addition to his existing holdings of gold, silver, and Bitcoin. This revelation came in a recent episode of the “Rich Dad Channel” podcast, where Kiyosaki discussed his concerns about the falling value of the US dollar and the importance of alternative investments.
Investing in Bitcoin at $6,000
Interestingly, Kiyosaki admits to being a relatively late entrant to the Bitcoin party, having entered the market only when the price was around $6,000 (compared to its current value of roughly $60,000). He emphasizes this experience as a valuable lesson on the importance of being informed and taking action.
High Predictions for Bitcoin
It’s worth noting that Kiyosaki reiterated ARK Invest CEO Cathie Wood’s prediction of Bitcoin potentially reaching a staggering $2.3 million. However, with Bitcoin currently trading around $61,253, comprehensive research and staying updated on market trends are crucial for any investor considering entering the cryptocurrency space.
Conclusion
In conclusion, Robert Kiyosaki’s recent move to expand his crypto portfolio by purchasing Ethereum underscores his concerns about the devaluation of the US dollar and the need for alternative investments. With high predictions for Bitcoin and the increasing importance of being informed about market trends, investors are advised to conduct comprehensive research before entering the cryptocurrency space.
