Key Points:

  • The author of Rich Dad Poor Dad, Robert Kiyosaki, recommends investing in Bitcoin.

  • He described BTC as “very exciting” since it “is classified as a commodity similar to gold, silver, and oil.”

Robert Kiyosaki, the best-selling author of Rich Dad Poor Dad, has revealed why he is buying more bitcoin. He warned that Securities and Exchange Commission (SEC) restrictions would “destroy” the majority of other cryptocurrencies.

Robert Kiyosaki, the author of Rich Dad Poor Dad, has disclosed the main reason he is investing in bitcoin. The acclaimed author predicted that the Securities and Exchange Commission’s (SEC) laws will “destroy” most other crypto coins.

Kiyosaki announced on Twitter on Friday that he is investing in bitcoin. He stated that he is “extremely thrilled” about BTC because it “is classified as a commodity similar to gold, silver, and oil.” The Rich Dad Poor Dad author went on to say that the Securities and Exchange Commission (SEC) of the United States has classed bitcoin as a commodity, while most other crypto tokens are securities, and that “SEC laws will kill most of them.” He concluded his message by saying he is purchasing more bitcoin.

For a long time, the Rich Dad Poor Dad author has advised investors to purchase gold, silver, and bitcoin. Kiyosaki has previously stated that he is a bitcoin investor rather than a trader, thus he gets pleased when BTC hits a new low.

Earlier this month, he claimed that when the Federal Reserve pivots and creates trillions of “false” dollars, this token investors will benefit. Following the demise of crypto exchange FTX, Kiyosaki stated that he remains bullish on bitcoin, underlining that crypto cannot be blamed for FTX’s demise. In September, the acclaimed author urged investors to invest in cryptocurrency now, before the next market crisis.

Kiyosaki also predicted the US dollar would fail, the Fed would ruin the US economy with rate hikes, hyperinflation, a Greater Depression, and World War III.

DISCLAIMER: The Information on this website is provided as general market commentary and does not constitute investment advice. We encourage you to do your own research before investing.

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