Robert Kiyosaki, the best-selling author of Rich Dad Poor Dad, now says bitcoin’s future is “very bright,” after predicting a “giant stock market crash” that could also tank the crypto market. He further revealed that he is waiting for the next pullback before investing more in bitcoin.
Famous author and investor Robert Kiyosaki said last week that bitcoin’s future is “very bright.” Rich Dad Poor Dad is a 1997 book co-authored by Kiyosaki and Sharon Lechter. It has been on the New York Times Best Seller List for over six years. More than 32 million copies of the book have been sold in over 51 languages across more than 109 countries.
Kiyosaki tweeted Friday:
While the famous investor has been recommending bitcoin to investors for quite some time, he predicted that a “giant stock market crash” was coming in October, adding that gold, silver, and bitcoin may crash as well. In July, he warned: “Biggest bubble in world history getting bigger. Biggest crash in the world history coming.”
Nonetheless, he saw bitcoin as the investment with the greatest upside, noting that “With dollar dropping, bitcoin and silver are the best investments.” In August, he tweeted that America was “going bankrupt,” recommending investors to “Keep buying gold, silver, bitcoin.”
At the time of writing, the price of bitcoin is $62,362 based on data from Bitcoin.com Markets.
Bitcoin’s price chart. Source: Bitcoin.com Markets.
Moreover, Kiyosaki reiterated Friday his reason for investing in bitcoin, tweeting:
His statement echoed the comment he made in August, stating that the primary reason he invested in bitcoin, gold, and silver was “because I do not trust our leaders, the Fed, Treasury, nor the stock market.”
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