{"id":170395,"date":"2023-02-01T11:27:29","date_gmt":"2023-02-01T11:27:29","guid":{"rendered":"https:\/\/precoinnews.com\/?p=170395"},"modified":"2023-02-01T11:27:29","modified_gmt":"2023-02-01T11:27:29","slug":"btc-rich-dad-poor-dad-author-explains-why-bitcoin-price-is-going-higher","status":"publish","type":"post","link":"https:\/\/precoinnews.com\/bitcoin\/btc-rich-dad-poor-dad-author-explains-why-bitcoin-price-is-going-higher\/","title":{"rendered":"$BTC: \u2018Rich Dad Poor Dad\u2019 Author Explains Why Bitcoin Price Is Going Higher"},"content":{"rendered":"<p>On Tuesday (31 January 2022),\u00a0Robert Kiyosaki, the highly successful author of the \u201cRich Dad Poor Dad\u201d series of personal finance books, shared his thoughts on why the Bitcoin price has been surging recently.<\/p>\n<p>\u201cRich Dad Poor Dad, \u201cwhich is one of the top 10 personal finance books of all time,\u00a0\u201cadvocates the importance of financial literacy (financial education),\u00a0financial independence\u00a0and building wealth through\u00a0investing\u00a0in assets,\u00a0real estate investing, starting and owning businesses, as well as increasing one\u2019s\u00a0financial intelligence\u00a0(financial IQ) to improve one\u2019s business and financial aptitude.\u201d<\/p>\n<p>At various times during the past three years, Kiyosaki has been criticizing the Federal Reserve\u2019s response to the resulting economic fallout and strongly urging his large following on social media platforms to protect themselves from what he feels is inevitable high inflation (and possibly hyperinflation) in the future by\u00a0using their fiat holdings to buy silver, gold, and Bitcoin.<\/p>\n<p>Episode #263\u00a0of Anthony Pompliano\u2019s \u201cPomp Podcast\u201d, which was released on 7 April 2021, featured an interview with\u00a0Kiyosaki.<\/p>\n<p>During that interview, Pompliano asked Kiyosaki\u2019s thoughts on \u201ctraditional inflation hedge\u201d assets.<\/p>\n<p>Kiyosaki said:<\/p>\n<p>\u201c<em>Gold and silver are God\u2019s money. Bitcoin is open source people\u2019s money.<\/em>\u201c<\/p>\n<p>On 30 December 2022, Kiyosaki told his 2.3 million followers that he is bullish on Bitcoin because unlike most other cryptoassets it is a commodity and therefore not impacted by future actions of the U.S. Securities and Exchange Commission (\u201cSEC\u201d):<\/p>\n<p>On 14 January 2023, Kiyosaki called Bitcoin\u2019s latest price rise \u201cgood news for those that know inflation is permanent.\u201d<\/p>\n<p>According to data from TradingView, in January 2023, the $BTC price went up 39.23%:<\/p>\n<p><img decoding=\"async\" class=\"aligncenter\" src=\"https:\/\/cryptoglobe.s3.eu-west-2.amazonaws.com\/2023\/02\/oiJr1rJf-BTCUSD_2023-02-01_10-16-24-1280x533.png\"><\/p>\n<p>Anyway, yesterday, the highly popular author and successful investor explained to his 2.3 million Twitter followers why in his opinion the Bitcoin price has been surging:<\/p>\n<p>Source: <a href=\"https:\/\/www.cryptoglobe.com\/latest\/2023\/02\/btc-rich-dad-poor-dad-author-explains-why-bitcoin-price-is-going-higher\/\" target=\"_blank\" rel=\"noopener\">Read Full Article<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>On Tuesday (31 January 2022),\u00a0Robert Kiyosaki, the<\/p>\n","protected":false},"author":3,"featured_media":170394,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[47],"tags":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v21.7 - 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