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Breaking News: LINK Price Climbs Following Chainlink's Deal With US Commerce Department, Eyes $30
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Breaking News: LINK Price Climbs Following Chainlink's Deal With US Commerce Department, Eyes $30

Renowned Finance Author Says Buy Bitcoin Now Before It’s Too Late, Here’s Why

Scott Matherson
Scott Matherson
1 year ago
3 mins read
Bitcoin

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Renowned finance author Robert Kiyosaki has never been shy about his support for Bitcoin and he continues to push for more adoption of the asset. Kiyosaki who wrote the infamous ‘Rich Dad Poor Dad’ book is back once again with a piece of advice, and a warning, for investors regarding Bitcoin.

Buy Bitcoin Now, Says Kiyosaki

In normal fashion, Kiyosaki took to Twitter to sound the warning about rising prices due to inflation. This tweet was made back on November 23 where the author lamented the reality of individuals who are having to live paycheck to paycheck and are unable to hedge their wealth against inflation by buying Bitcoin, alongside Gold and Silver.

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Then in a November 26 post, Kiyosaki once again reiterated the importance of owning Bitcoin. As the finance author explained, it will be good news when the price of Gold reaches a new high. However, those who will suffer are workers and savers.

Instead of just saving straight in dollars, the best-selling author advises that individuals put their money into assets such as Gold, Silver, and Bitcoin. Kiyosaki refers to the monetary system as a “FAKE money system”, advising people to get out before it’s too late.

Great News Gold reaches new high. Bad News: Workers and savers are losers. Bad News: been saying the same for 25- years. Don’t be a loser. Get out of FAKE money system. Get into gold, silver, Bitcoin now…. Before it’s too late.

— Robert Kiyosaki (@theRealKiyosaki) November 26, 2023

This is on brand for Kiyosaki whose message over the years has not changed. Instead of saving in dollars that are expected to keep depreciating, the author lobbies for better ways to store wealth, with Bitcoin always leading the charge.

BTC Price Will Soar To 6-Digits

Kiyosaki’s bullishness on Bitcoin and why he advises investors to utilize this asset shines through in his predictions for the future price. In October, Kiyosaki predicted that the price of Bitcoin would reach as high as $135,000 a piece especially as the price of Gold began to trend higher.

This prediction pads up his earlier forecast from August 2023 where the author said the BTC price could reach 7-digits. He said the asset, which he refers to as ‘God’s money’, could cross the $1 million mark, and at the same time, the price of Gold could cross $75,000 while Silver will rally to $60,000.

Bitcoin, Gold, and Silver are not the only assets that Kiyosaki is bullish on, however, as tech giant Apple has caught his attention. This comes after Apple CEO Tim Cook sold his shares of the company. As the price fell, Kiyosaki put forward that Apple shares may be a good buy if the price were to drop below $150. However, Apple stock failed to breach this mark and has since risen back above $189 per share.

Bitcoin price chart from Tradingview.com

BTC bulls hold above $37,000 | Source: BTCUSD on Tradingview.com
Featured image from Bitcoin.com, chart from Tradingview.com
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Scott Matherson
Scott Matherson

Scott Matherson

Scott Matherson is a prominent crypto writer at NewsBTC with a knack for capturing the pulse of the market, covering pivotal shifts, technological advancements, and regulatory changes with precision. Having witnessed the evolving landscape of the crypto world firsthand, Scott is able to dissect complex crypto topics and present them in an accessible and engaging manner. Scott's dedication to clarity and accuracy has made him an indispensable asset, helping to demystify the complex world of cryptocurrency for countless readers.

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Scott’s experience spans a number of industries outside of crypto including banking and investment. He has brought his vast experience from these industries into crypto, which allows him to understand even the most complex topics and break them down in a way that is easy for readers from all works of life to understand. Scott’s pieces have helped to break down cryptocurrency processes and how they work, as well as the underlying groundbreaking technology that makes them so important to everyday life.

With years of experience in the crypto market, Scott began to focus on his true passion: writing. During this time, Scott has been able to author countless influential pieces that have drawn in millions of readers and have shaped public opinion across various important topics. His repertoire spans hundreds of articles on various sectors in the crypto industry, including decentralized finance (DeFi), decentralized exchanges (DEXes), Staking, Liquid Staking, emerging technologies, and non-fungible tokens (NFTs), among others.

Scott’s influence is not just limited to the countless discussions that his publications have sparked but also as a consultant for major projects in the space. He has consulted on issues ranging from crypto regulations to new technology deployment. Scott’s expertise also spans community building and contributes to a number of causes to further the development of the crypto industry.

Scott is an advocate for sustainable practices within the crypto industry and has championed discussions around green blockchain solutions. His ability to keep in line with market trends has made his work a favorite among crypto investors.
In his personal life, Scott is an avid traveler and his exposure to the world and various way of life has helped him to understand how important technologies like the blockchain and cryptocurrencies are. This has been key in his understanding of its global impact, as well as his ability to connect socio-economic developments to technological trends around the globe like no one else.

Scott is known for his work in community education to help people understand crypto technology and how its existence impacts their lives. He is a well-respected figure in his community, known for his work in helping to enlighten and inspire the next generation as they channel their energies into pressing issues. His work is a testament to his dedication and commitment to education and innovation, as well as the promotion of ethical practices in the rapidly developing world of cryptocurrencies.

Scott stands steady in the frontlines of the crypto revolution and is committed to helping to shape a future that promotes the development of technology in an ethical manner that translates to the benefit of all in the society.

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Disclaimer: The information found on NewsBTC is for educational purposes only. It does not represent the opinions of NewsBTC on whether to buy, sell or hold any investments and naturally investing carries risks. You are advised to conduct your own research before making any investment decisions. Use information provided on this website entirely at your own risk.

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Reason to trust

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Created by industry experts and meticulously reviewed
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