$BTC Rises Above $20K, ‘Abundant Father Poor Father’ Author Refer To It As ‘Excellent News for Those That Know Inflation Is Irreversible’

On Saturday (14 January 2022), Robert Kiyosaki, the extremely effective author of the “Abundant Father Poor Father” series of individual financing books, talked about Bitcoin’s most current rate action.

” Rich Father Poor Father”, which is among the leading 10 individual financing books of perpetuity, ” promotes the value of monetary literacy (monetary education), monetary self-reliance and structure wealth through investing in properties, realty investing, beginning and owning services, in addition to increasing one’s monetary intelligence ( monetary IQ) to enhance one’s service and monetary ability.”

At different times throughout the previous 3 years, Kiyosaki has actually been slamming the Federal Reserve’s reaction to the resulting financial fallout and highly prompting his big following on social networks platforms to safeguard themselves from what he feels is unavoidable high inflation (and potentially devaluation) in the future by utilizing their fiat holdings to purchase silver, gold, and Bitcoin.

Episode # 263 of Anthony Pompliano’s “Pomp Podcast”, which was launched on 7 April 2021, included an interview with Kiyosaki.

Throughout that interview, Pompliano requested Kiyosaki’s ideas on “standard inflation hedge” properties.

Kiyosaki stated:

“ Gold and silver are God’s cash. Bitcoin is open source individuals’s cash.“

On 30 December 2022, Kiyosaki informed his over 2.3 million fans that he is bullish on Bitcoin since unlike a lot of other cryptoassets it is a product and for that reason not affected by future actions of the U.S. Securities and Exchange Commission (” SEC”):

In the previous 3 days, according to information by TradingView, the $BTC rate has actually risen from $17,436 to $20,647 (since 11:41 a.m. UTC on 14 January 2023), which is a gain of 18.41% vs USD.

Well, earlier today, Kiyosaki called Bitcoin’s most current rate increase “great news for those that understand inflation is irreversible.”