Rich Dad Poor Dad author Robert Kiyosaki has advised investors to buy as many bitcoins as they can afford, noting that China is in trouble and this is not the time to buy stocks and bonds. “This is the time to buy real gold, real silver, and as many bitcoin as you can afford,” he stressed.
The author of Rich Dad Poor Dad, Robert Kiyosaki, has urged investors to buy as many bitcoins as they can afford. 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.
Kiyosaki wrote on social media platform X Wednesday that China is in trouble following reports that Chinese authorities have been trying to prop up the country’s stock market through various measures. According to the famous author, the real problem is that consumers globally have stopped buying. Emphasizing that this is not the time to buy stocks and bonds, Kiyosaki stressed that it’s the time for investors to buy gold, real silver, and as many bitcoins as they can afford.
The acclaimed author has long been recommending gold, silver, and bitcoin. He calls them “real assets,” unlike fiat currencies which he terms “fake money.” However, earlier this month, he pointed out a problem with investing in gold and silver, stating that as their prices go up, more gold and silver are discovered and mined. In contrast, he praised bitcoin’s limited supply of 21 million coins.