He also made an important warning to the financial markets as to how he sees their nearest future.
Kiyosaki also reminded his readers about president Nixon removing the gold standard that had been used to back the U.S. dollar until then: “Nixon took the US dollar off the gold standard.”
It was then, the financial expert revealed, that he began to “save” gold, silver, and these days he is saving Bitcoin.
Today, he said, “the best assets for your money are real gold, silver, and Bitcoin.”
However, he believes that saving Bitcoin, physical gold and silver can save one’s wealth, and it is much safer to invest in those rather than saving fiat money and investing in assets based on fiat money.
So far, he has recommended that the community should start accumulating Bitcoin in parts, buying Satoshis, since one single BTC back then was worth more than $106,000. After that BTC soared above $108,000. From Tuesday to Friday, Bitcoin plummeted by 15%, falling from $108,380 to $92,640 on the news of the Fed Reserve planning to reduce its dovish policy and make a much smaller interest rate cut next year. By now, Bitcoin has managed to recover 7%, rising to $99,150.
This article was originally published on U.Today
Source: Cryptocurrency - investing.com
