Renowned real estate investor gives reasons to choose Bitcoin over him now
Robert Kiyosaki, famous for making a fortune investing in real estate in the 1990s and during the 2008 mortgage crisis, author of the popular financial book “Rich Dad Poor Dad,” has taken to Twitter to announce his retirement. away from investing in real estate and choose Bitcoin along with precious metals now.
“I no longer recommend real estate, I recommend Bitcoin”
Kiyosaki stated that he now prefers Bitcoin as well as top precious metals (gold and silver) over real estate and recommends the same to his Twitter followers.
The reason for this, according to the tweet, was outlined in his book published in 2020, the title of which actually mentions the leading cryptocurrency: “Capitalist Manifesto: Money for Nothing: Silver, Gold, and Bitcoin.”
Why I NO LONGER recommend REAL ESTATE. In my 2022 Capitslist Manifesto, I stated that Marxists took over the US in the 2020 election. Marxists will raise property taxes, impose rent controls, as rising interest rates drive down the value of the properties. I recommend gold, silver, Bitcoin.
— therealkiyosaki (@theRealKiyosaki) October 15, 2022
In that book, as he reminded the Twitter audience, he outlined the fact that investing in real estate had become much more difficult since 2020, as the newly elected US government intends to raise property taxes and implement rent control. In addition, he stated that the rises in interest rates that have been occurring frequently this year will decrease the value of real estate.
However, none of these problems can be applied to Bitcoin.
“The economy collapses, the stock markets crash”
In a previous tweet, Kiyosaki shared that Bitcoin is now turning More important than ever, as the US economy is collapsing, stock markets are heading in the same direction along with pensions and rising unemployment.
He added that Bitcoin will not protect one’s income now, but it can protect one’s wealth. Overall, Kiyosaki states that he has been predicting the current economic collapse since the 1990s, adding that the current situation was also fueled during the 2008 crisis when the US government started printing money and then also printed more. of $6 trillion dollars in 2020, when the pandemic started, hitting everything and everyone.
Furthermore, the writer has recently shared another reason for his interest in Bitcoin: US pension funds have started investing in the flagship cryptocurrency. At press time, BTC is changing hands at $19,160, according to data from CoinMarketCap.