‘Rich Dad, Poor Dad’ Author Says Bitcoin Having Worst Month in a Decade is Good

Bitcoin is headed towards having its worst trading month since 2011, but according to the author of “Rich Dad, Poor Dad,” this is actually “great news.”

“Bitcoin crashing. Great news,” tweeted author Robert Kiyosaki on Sunday, saying it provides a good buying opportunity.

“When price hits $27,000 I may start buying again. Lot will depend upon global-macro environment. Remember the problem is not gold, silver, or Bitcoin. Problem are the incompetents in government, Fed & Wall Street. Remember gold was $300 in 2000.”

It was last month that Kiyosaki had said in an interview that bitcoin’s price would top $1 million in the next five years. prefers gold and silver as an investment, calling it “God’s money.”

The American businessman and founder of Rich Global LLC and the Rich Dad Company, a private financial education company that provides personal finance and business education to people, has been an outspoken critic of the Fed, the Treasury Department and the Biden administration.

According to Kiyosaki, they are “losers” and socialists, and predicting the demise of the dollar.

Recognized by GOBankingRates as one of Money’s Most Influential, Kiyosaki also recently shared the importance of educating yourself about finances and why he never says “I can’t afford it.”

When asked about some easy strategies or tools people can use to make sure they are thinking about their money smartly, said, “I forbid myself from saying, “I can’t afford it.” I have disciplined myself to ask instead, “How can I afford it?” Asking myself how I can afford something opens and challenges my mind — to think. The words we say to ourselves and the words we believe are the most powerful forces in the world. In my experience saying, “I can’t afford it” is what poor people say. That is why they are poor. There is a difference, I’ve found, between “broke” and “poor.” Poor is a state of mind that we all have the power to change.”