A famous Bitcoin investor recently spoke out against the Federal Reserve, saying he doesn’t like it, and encouraged people to invest in Bitcoin instead. He thinks Bitcoin is a better option for safeguarding wealth and protecting against inflation.
“Rich Dad Poor Dad” author and Bitcoin advocate, Robert Kiyosaki, has made a significant statement about the Federal Reserve and Bitcoin.
Kiyosaki Expresses His Opinion
Robert Kiyosaki, a prominent investor, recently expressed his disdain for the U.S. Federal Reserve in a tweet, going against the popular advice of not challenging the Fed. Instead, he urged his 2-million-strong community on Twitter to invest in Bitcoin, silver, and gold.
“Don’t Fight the Fed?” I say “F the Fed.” Buy gold, silver, Bitcoin.
— Robert Kiyosaki (@theRealKiyosaki) February 17, 2024
This statement follows another tweet by Kiyosaki earlier in the week, where he emphasized his preference for trusting Bitcoin over the Federal Reserve. He cited dissatisfaction with the central bank, attributing it to its detrimental impact on the U.S. economy, which he believes has worsened conditions for the poor and middle class while favoring wealthy banking associates.
Kiyosaki encourages his followers to prioritize Bitcoin as a reliable asset, advising them to focus less on the actions and statements of the Federal Reserve.
Bitcoin Predicted to Surge Amid Bank Preference for Gold
Investor Robert Kiyosaki made a bold prediction earlier this week, suggesting that Bitcoin is poised for a significant surge. He cited banks’ reluctance to purchase U.S. Treasuries and their preference for acquiring gold instead as a driving factor behind his forecast. Kiyosaki anticipates that gold prices will drop below the $1,200 mark in the near future, further bolstering his expectation of a Bitcoin price surge.
In the past week, Bitcoin, often dubbed “digital gold” by its proponents, has experienced a notable 8% increase in value. It surged from $47,953 to $51,802 within this timeframe. This upward momentum has been fueled, in large part, by substantial inflows of Bitcoin into spot exchange-traded funds (ETFs) over the last three days. These ETFs have amassed nearly $3 billion worth of Bitcoin, with prominent financial institutions like BlackRock and Fidelity leading the way. On Friday alone, these ETFs recorded a staggering $701 million in cumulative inflows, marking the highest single-day influx to date.
Important: Please note that this article is only meant to provide information and should not be taken as legal, tax, investment, financial, or any other type of advice.
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