NewsBTC
No Result
View All Result
  • Cryptocurrency News
    • Bitcoin News (BTC)
    • Ethereum News (ETH)
    • Ripple News (XRP)
    • Shiba Inu News (SHIB)
    • Cardano News (ADA)
    • Dogecoin News (DOGE)
    • Solana News (SOL)
    • Litecoin News (LTC)
    • Avalanche News (AVAX)
    • Polygon News (MATIC)
  • Crypto Prices
    • Binance Coin (BNB) Price
    • Bitcoin (BTC) Price
    • Cardano (ADA) Price
    • Chainlink (LINK) Price
    • Dogecoin (DOGE) Price
    • Ethereum (ETH) Price
    • Litecoin (LTC) Price
    • Polkadot (DOT) Price
  • Crypto Resources & Directory
  • All Crypto
  • Play GamesTry
  • CasinosTry
Breaking News: LINK Price Climbs Following Chainlink's Deal With US Commerce Department, Eyes $30
  • Cryptocurrency News
    • Bitcoin News (BTC)
    • Ethereum News (ETH)
    • Ripple News (XRP)
    • Shiba Inu News (SHIB)
    • Cardano News (ADA)
    • Dogecoin News (DOGE)
    • Solana News (SOL)
    • Litecoin News (LTC)
    • Avalanche News (AVAX)
    • Polygon News (MATIC)
  • Crypto Prices
    • Binance Coin (BNB) Price
    • Bitcoin (BTC) Price
    • Cardano (ADA) Price
    • Chainlink (LINK) Price
    • Dogecoin (DOGE) Price
    • Ethereum (ETH) Price
    • Litecoin (LTC) Price
    • Polkadot (DOT) Price
  • Crypto Resources & Directory
  • All Crypto
  • Play GamesTry
  • CasinosTry
Bitcoin News
No Result
View All Result
Breaking News: LINK Price Climbs Following Chainlink's Deal With US Commerce Department, Eyes $30

“Rich Dad Poor Dad” Author Continues to Promote Bitcoin as Economy Worsens

Nick Chong
Nick Chong
1 year ago
2 mins read

Reason to trust

Strict editorial policy that focuses on accuracy, relevance, and impartiality
Created by industry experts and meticulously reviewed
The highest standards in reporting and publishing
How Our News is Made

Strict editorial policy that focuses on accuracy, relevance, and impartiality

Ad discliamer

Morbi pretium leo et nisl aliquam mollis. Quisque arcu lorem, ultricies quis pellentesque nec, ullamcorper eu odio.

Prior to the ongoing recession, there were skeptics saying that Bitcoin would perform poorly in one.

When the stock market crashed at the end of 2018 due to the Federal Reserve announcing it put its balance sheet on “autopilot,” so did BTC, tumbling from the $6,000s to $3,150. Hence, when the recession began earlier this year, some expected the worse.

Yet there have been a growing number of prominent names in finance and business saying that despite the poor economic conditions, Bitcoin is poised to outperform due to its set of properties as a form of money — namely BTC’s scarcity and decentralized nature.

Related Reading: Crypto Tidbits: Satoshi Isn’t Dumping His Bitcoin, China ‘Bans’ Cryptocurrency Mining

Robert “Rich Dad” Kiyosaki: Buy BTC

It has been hard to miss the recent tweets from Robert “Rich Dad” Kiyosaki — the Vietnam war veteran turned prominent businessman.

The businessman — who is best known for his book “Rich Dad Poor Dad” — has been calling out Wall Street, the government, our central banks, and other institutions every day for the past few weeks.

Kiyosaki did so once again on May 24th, when he noted that the Mall of America is falling behind on its $1.4 billion mortgage, raising the question: “who is not getting paid?”

MALL of AMERICA in Minnesota announced it will miss 2nd payment on its $1.4 billion mortgage. An intelligent question is “Who is not getting paid?” Dominos starting to fall. IMF says debt will rise from $6 trillion to $66 trillion by end of 2020. Buy Gold Silver & Bitcoin.

— Robert Kiyosaki (@theRealKiyosaki) May 24, 2020

Kiyosaki believes that the slowing economy, which will be punctuated by defaults on debts like the aforementioned, will result in growth in the prices of Bitcoin, gold, and silver.

As reported by NewsBTC, he postulated last week that he expects Bitcoin to hit $75,000 in the coming three years, while he also expects the price of gold to almost double within a year and for the price of silver to double in five years.

Not the Only Prominent Bitcoin Promoter 

Kiyosaki isn’t the only prominent name in the business world that has recently recommended Bitcoin due to the ongoing macroeconomic environment.

Billionaire hedge fund investor Paul Tudor Jones, for instance, this month decisively entered the Bitcoin space when he promoted the asset in a research note sent out to his clients titled “The Great Monetary Inflation.” 

In it, he wrote that due to the leading cryptocurrency’s scarcity and decentralized nature, buying Bitcoin is making much more sense than fiat currencies, which are rapidly being inflated away due to the outbreak of COVID-19.

Alex Krüger, a well-respected economist, believes that Jones’ support for Bitcoin is one of the most important events for this space ever:

“The Paul Tudor Jones letter is the single most bullish thing ever written about bitcoin, and it came from Tudor himself. I see it as a game changer. Think many macro investors will follow. Mandate changes and onboarding take time. PTJ will be on CNBC this week.”

Related Reading: 50% Crypto Crash in March Was a “Nuclear Bomb” With a Silver Lining: Investor
Featured Image from Shutterstock
Tweet123Share244ShareSend
Nick Chong
Nick Chong

Nick Chong

I am a writer who has been following Bitcoin for years now. My insights and interviews have been featured in leading publications in the industry such as LongHash and Decrypt. I own a small amount of Bitcoin.

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

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.

Related News

News ETH: Andamento Prezzo Bitcoin ed Ethereum

Naturalmente, questa volatilità ha stimolato un’ondata di trading, poiché i trader crypto vedono nelle fluttuazioni un’opportunità. Il risultato è stato...

clararosati 2 hours ago
Cardano news

Cardano Sentiment Crashes To 5-Month Low As ADA Defends Key Price Level

Cardano’s mood music has flipped. Even as ADA has rebounded about five percent from its late-August lows, on-chain analytics firm...

Jake Simmons 3 hours ago
Criptomonede de viitor

Criptomonede de viitor care atrag atenția investitorilor în Septembrie 2025

Industria cripto nu mai este de mult un simplu experiment tehnologic. În 2025, ea s-a transformat într-un teren complex unde...

antonio 4 hours ago
Load More

Reason to trust

Strict editorial policy that focuses on accuracy, relevance, and impartiality
Created by industry experts and meticulously reviewed
The highest standards in reporting and publishing
How Our News is Made

Strict editorial policy that focuses on accuracy, relevance, and impartiality

Ad discliamer

Morbi pretium leo et nisl aliquam mollis. Quisque arcu lorem, ultricies quis pellentesque nec, ullamcorper eu odio.

Related News

Bitcoin Withdrawal Wave Points To Another Major Leg Up In The Bull Cycle, Analyst Says

Ash Tiwari 36 minutes ago
Cardano target $3 ATH met 400% rally door golden triangle analyse

Cardano target $3 ATH met 400% rally door golden triangle analyse

Lars Diederiksen 1 hour ago
token6900-claim-live-prochain-spx6900

TOKEN6900 est lancé : prochain SPX6900 en vue ?

guillaumev 2 hours ago

Premium Sponsors

Press Releases

  • Анализатор прогнозира, че BTC ще достигне 125 000 USD този месец

    Анализатор прогнозира, че BTC ще...

    3 hours ago
  • Un analist prezice că BTC va atinge 125.000 USD luna aceasta – presale-ul HYPER se apropie de 14 milioane USD pentru modernizarea Bitcoin-ului

    Un analist prezice că BTC va atinge 125.000 USD luna...

    3 hours ago
  • Top Altcoins

    Presale tiền điện tử hot nhất tháng 9: Top 4...

    4 hours ago
  • Pepenode.io

    PEPENODE là Alt Coin nên mua ngay bây giờ – Các...

    4 hours ago
  • Giá MemeCore bùng nổ – PepeNode

    Giá MemeCore bùng nổ – PepeNode chuẩn bị trở...

    4 hours ago

Newsletter

About Us

NewsBTC is a cryptocurrency news service that covers bitcoin news today, technical analysis & forecasts for bitcoin price and other altcoins. Here at NewsBTC, we are dedicated to enlightening everyone about bitcoin and other cryptocurrencies.

We cover BTC news related to bitcoin exchanges, bitcoin mining and price forecasts for various cryptocurrencies.

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.

Company

  • About Us
  • Advertising
  • Contact Us
  • Privacy Center

Social

© 2025 NewsBTC. All Rights Reserved.

  • Cryptocurrency News
    • Bitcoin News (BTC)
    • Ethereum News (ETH)
    • Ripple News (XRP)
    • Shiba Inu News (SHIB)
    • Cardano News (ADA)
    • Dogecoin News (DOGE)
    • Solana News (SOL)
    • Litecoin News (LTC)
    • Avalanche News (AVAX)
    • Polygon News (MATIC)
  • Crypto Prices
    • Binance Coin (BNB) Price
    • Bitcoin (BTC) Price
    • Cardano (ADA) Price
    • Chainlink (LINK) Price
    • Dogecoin (DOGE) Price
    • Ethereum (ETH) Price
    • Litecoin (LTC) Price
    • Polkadot (DOT) Price
  • Crypto Resources & Directory
  • All Crypto
  • Play Games
  • Casinos
Advertise

© 2025 NewsBTC. All Rights Reserved.

This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy Center or Cookie Policy.