The author of the book “Rich Dad Poor Dad” has left Bitcoin (BTC). Investment legend Robert Kiyosaki now chooses a new asset as his “best investment”…
Gold, silver and Bitcoin are no longer the “best investment” according to Robert Kiyosaki
“Rich Dad Robert Kiyosaki, author of “Poor Dad,” has changed his investment advice in light of this week’s sharp decline. Gold, silver and Bitcoin are currently no longer the best options for the author. The investment legend says in his latest tweets:
Best Investment: Tuna Cans.
Kiyosaki continues:
Inflation is about to go away. The best investments are canned tuna and dried beans. You cannot eat gold, silver or Bitcoin. You can eat canned tuna and dried beans. Food is the most important. Hunger is the next problem. Invest in the solution. Be careful.
Prior to that, Kiyosaki was a longtime Bitcoin advocate . He even recommended Bitcoin to his followers in 2021 as a precaution against a possible economic downturn. The famous writer predicted a great collapse and a new collapse at that time. Meanwhile, the current investment advice for those who follow Kiyosaki is nothing new. Although it is difficult to understand their thoughts; It is known that one day he will abandon Bitcoin and the next day he will approve it.
Why Robert Kiyosaki is worried
The high inflation rate in the US – 8.6 percent compared to last year – was a major factor in his decision. Although interest rates have already been raised by the Fed, this is the highest level in the last four decades. In addition, the high inflation we experienced after the Covid-19 pandemic and the war between Russia and Ukraine worry even the richest, regardless of the country they live in.
On this subject, Robert Kiyosaki has urged investors to buy Bitcoin after the International Monetary Fund (IMF) warned of a worldwide currency crisis, but over the past few days, BTC has been sold out. The dramatic drop in It is important to remember that Kiyosaki said that the best moments to earn cryptocurrencies are when Bitcoin crashes.
Hope for “relief” from the FOMC meeting
TradingView data shows that Bitcoin reached a daily high of $23,300 while trading above $22,500. Meanwhile, BTC found new buyers at $20,800. For the next levels, on-chain analytics resource Material Indicators said that it has retraced the 200-day MA, a key feature of Bitcoin bear markets.
However, the 200 SMA provides inflation tips on June 15 He adds that it is “too early to say” whether he will continue to provide attractive territory with the Fed due to As quoted by Kriptokoin.com, BTC is trading at $22,637.84 at the time of writing. Meanwhile, it has lost 24% since last week.
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