Rich Dad Poor Dad author Robert Kiyosaki has stated that bitcoin is the easiest way to become a millionaire because the cryptocurrency “does the hard work.” He contrasted this with entrepreneurship, which requires significant intelligence, dedication, and luck. “That is why I love bitcoin,” he emphasized. Bitcoin Is the Easiest Route to Millionaire Status, Robert […]
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UK Shuts Down Crypto Advisory Firm for Misleading Investors and Poor Financial Records
The UK government announced this week that the Insolvency Service has secured a winding-up order against cryptocurrency advisory firm Amey Finance Academy Ltd at the High Court. The company, created by Desmond Amey in 2018, claimed to offer investment advice and financial education. However, complaints emerged that consumers lost money, and the Financial Conduct Authority […]
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Rich Dad Poor Dad Author Robert Kiyosaki Declares US Economy in a Depression
Rich Dad Poor Dad author Robert Kiyosaki has issued a stark warning that the U.S. economy is currently in a depression. He points to the subpar economic growth, with a 3.4% increase in GDP for Q4 2023 and a 1.6% rise in Q1 2024 as clear indicators. Kiyosaki asserts that a soft landing for the […]
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Rich Dad Poor Dad Author Robert Kiyosaki Believes Bitcoin Price Will Reach $2.3 Million
Rich Dad Poor Dad author Robert Kiyosaki says he believes that the price of bitcoin will reach .3 million, citing a prediction by Ark Invest CEO Cathie Wood. Meanwhile, he said stock, bond, and real estate markets are “set to crash,” and he expects the U.S. to go bankrupt. Robert Kiyosaki Foresees Bitcoin Hitting .3 […]
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Rich Dad Poor Dad Author Robert Kiyosaki Advises Buying as Much Bitcoin as You Can Afford
Rich Dad Poor Dad author Robert Kiyosaki has advised investors to buy as many bitcoins as they can afford, noting that China is in trouble and this is not the time to buy stocks and bonds. “This is the time to buy real gold, real silver, and as many bitcoin as you can afford,” he […]
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Rich Dad Poor Dad Author Robert Kiyosaki: Bitcoin ‘on Fire’ — BTC Headed for $300K This Year
Rich Dad Poor Dad author Robert Kiyosaki says bitcoin is “on fire,” predicting that the crypto will hit 0K this year. Bitcoin surged to a new all-time high this week, fueled by soaring demand for spot bitcoin exchange-traded funds (ETFs). Robert Kiyosaki: Bitcoin Is on Its Way to 0K The author of Rich Dad Poor […]
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Pro-Ripple Lawyer Tags Poor XRP Price Performance As Unnatural, Rally Imminent?
XRP’s price action for the last three years has been majorly disappointing, with the crypto yet to turn positive for its holders. Notably, XRP’s price action for the past three months has been brutal and needs to catch up when compared to other large cryptos.
Despite this underwhelming price movement, many analysts haven’t stopped predicting a potential rally for XRP in the coming months. Particularly, attorney Bill Morgan, who is known for his bullish stance on XRP, recently took to social media to share his take on the asset’s lackluster performance, calling it “unnatural.”
Pro-XRP Lawyer Calls The Decline ‘Unnatural’
Morgan’s recent observation on XRP goes along with the wider thought among investors. According to him, XRP’s performance over the past 90 days has been so unnatural, raising the question of how this poor performance came to be. This observation came as a reply to a chart shared by another investor comparing crypto gains.
At least XRP isn’t last. The question is why has the performance over 90 days been so poor. It is unnatural. https://t.co/hsvBBhUBJQ
— bill morgan (@Belisarius2020) February 13, 2024
According to the data, XRP is currently on a 17.8% decline in the past 90 days. However, other top cryptocurrencies like Bitcoin, Chainlink, BNB, and Ethereum have performed 30% gains in the same timeframe amidst wider crypto market rallies. The insights made by Morgan have not only shed light on the underperformance of XRP but have also sparked discussions among supporters.
This says it all…. pic.twitter.com/nLHxbawqDz
— MerlinR₳s (@MerlinRas21) February 13, 2024
The general consensus has been of an unnatural price action. The unnatural in this case has mostly been caused by the legal tussle between the SEC and XRP’s payment company, Ripple, which has lingered for the past three years. Although Ripple has made major headways against the SEC in the past year, the recent price action indicates that XRP is yet to garner support from institutional and large investors.
Reversal Into A Rally?
The XRP community remains optimistic about the digital asset’s future. Many long-term XRP holders, often called “XRP Army” members, believe the lackluster price action is temporary and that XRP will rebound significantly in the coming months.
According to Crypto Rover, a crypto YouTuber, XRP is on the verge of breaking out of a triangular price action to the upside. His XRP/USD price chart indicates the formation of lower highs and higher lows for the past three years and is now at a squeeze. Morgan also relayed optimism to the analysis, stating “Now or never!”
It has been 3 years now…
But I do believe the breakout can be massive! pic.twitter.com/lUZNTvzQNc
— Crypto Rover (@rovercrc) February 12, 2024
At the time of writing, XRP is trading at .54, down by 3.50% in the past seven days. Crypto analyst Dark Defender forecasted a .66 price point and beyond in the coming months. Talks continue to linger around the potential of a spot XRP ETF.
Now or never!
https://t.co/rxPTBpdFSf
— bill morgan (@Belisarius2020) February 12, 2024
Featured image from Adobe Stock, chart from TradingView
Rich Dad Poor Dad Author Robert Kiyosaki Warns Stock and Bond Markets Are ‘About to Crash’
Rich Dad Poor Dad author Robert Kiyosaki has renewed his warning that the stock and bond markets are about to crash. “The stock market is climbing higher and higher. Suckers actually believe the economy is strong. Don’t be fooled,” Kiyosaki stressed. Recently, he cautioned that the next crash may turn into a depression.
Robert Kiyosaki’s Latest Market Crash Warning
The author of Rich Dad Poor Dad, Robert Kiyosaki, is back with another warning that the stock and bond markets are about to crash. 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 wrote on social media platform X Friday: “The stock market is climbing higher and higher. Suckers actually believe the economy is strong. Don’t be fooled. The Magnificent 7 financed by U.S. government dollars keeps stock market up.” The famous author cautioned:
Please be careful. Stock and bond markets about to crash.
The Magnificent 7 stocks refer to seven mega-cap tech companies, namely Tesla, Meta, Alphabet, Amazon, Apple, Microsoft, and Nvidia.
Kiyosaki has made numerous warnings about impending market crashes. The renowned author has repeatedly stated that he doesn’t trust the Federal Reserve, the Biden administration, the Treasury Department, and Wall Street bankers. He has warned that our leaders will drive the U.S. economy into a depression and another war. He said in December last year that the next crash may turn into a depression.
Last month, Kiyosaki warned investors about the U.S. government’s ballooning debt, urging them to buy bitcoin. This week, he also explained why he owns BTC, emphasizing that the cryptocurrency protects “against the theft of our wealth via our money.” Following the approval of spot bitcoin exchange-traded funds (ETFs) by the U.S. Securities and Exchange Commission (SEC), the famous author revealed that he increased his bitcoin holdings. He believes the BTC will soon hit 0K, advising investors to pay attention to the upcoming Bitcoin halving.
Do you think Rich Dad Poor Dad Dad author Robert Kiyosaki is right about the impending stock and bond market crashes this time? Let us know in the comments section below.
Rich Dad Poor Dad Author Robert Kiyosaki Advises Investors to Pay Attention to Bitcoin Halving
Robert Kiyosaki, the author of Rich Dad Poor Dad, has advised investors to closely monitor Bitcoin’s upcoming halving, emphasizing that the event is fast approaching. The famous author recently revealed that he is billion in debt but does not see it as his problem. He further shared that he uses debt as money to buy assets, including bitcoin, emphasizing that he does not trust the U.S. dollar.
Robert Kiyosaki Urges Investors to Pay Attention to Bitcoin Halving
The author of Rich Dad Poor Dad, Robert Kiyosaki, has highlighted the upcoming Bitcoin halving in April as a key event for investors to watch. 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.
In a post on social media platform X Wednesday, the famous author explained that one contributing factor to the financial status of the poor and middle class is their social circle. “If you want to be rich it is essential to have rich friends or at minimum friends who want to be rich,” he suggested. Kiyosaki ended his post with a message about the upcoming Bitcoin halving. “A Bitcoin halving is fast approaching. Please pay attention to Bitcoin halving, gold, and silver in January, February, and March,” he wrote.
Kiyosaki has long recommended gold, silver, and bitcoin. He shared in an Instagram reel on Nov. 30 that he is more than billion in debt but he doesn’t see it as his problem. “Not my problem,” he said, adding: “If I go bust, the bank goes bust.” The famous author explained that he uses debt to buy assets while most people use debt to buy liabilities. “I drive a Ferrari and guess what, it’s paid off 100% because it’s a liability. I drive a Rolls‑Royce; it’s paid off 100% because it’s a liability. I use debt as money and I don’t save cash because in 1971 the dollar became debt,” Kiyosaki explained. “All the cash I make I convert to silver and gold,” he added, noting that “pretty soon it got to be a big problem which is why I own bitcoin also because I just don’t trust the fricking dollar.”
The coming Bitcoin halving and potential approval of spot exchange-traded funds (ETFs) by the U.S. Securities and Exchange Commission (SEC) are fueling anticipation of a BTC price surge. Michael Saylor, Microstrategy’s executive chairman, predicts a doubling of demand post-halving. An analyst said in August last year that bitcoin halving could push the price of BTC to 0K. Other price forecasts include Pantera Capital‘s prediction of 8,000 and Fundstrat‘s 0,000 prediction.
What do you think about Rich Dad Poor Dad author Robert Kiyosaki’s advice? Let us know in the comments section below.
Rich Dad Poor Dad Author Robert Kiyosaki Shares How He Made Most of His Money
The famous author of Rich Dad Poor Dad, Robert Kiyosaki, has shared how he made most of his money. He stressed that the future of stock and bond markets will depend on startups in resources, not Silicon Valley technology startups, predicting that resources will be “the coming boom in the investment world.”
How Robert Kiyosaki Made Most of His Money
Rich Dad Poor Dad author Robert Kiyosaki has revealed on social media platform X how he made most of his money. 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.
The renowned author shared on Dec. 24 that the Vancouver Resource Investment Conference (VRIC) is coming up on Jan. 20-21, where he will be one of the keynote speakers, as per the event’s website. Explaining why he believes this event is the “most important investor conference for 2024,” Kiyosaki emphasized:
The future of stocks & bond markets will depend on startups in resources, not Silicon Valley technology startups. I have made most of my money in resources, not tech.
“I got my start as a startup at the VRIC 25 years ago,” he further revealed, adding: “I will be there. I invite you to join me at the VRIC, be part of the coming boom in the investment world, resources.”
The Vancouver Resource Investment Conference is organized by Cambridge House International, which specializes in organizing and promoting investment conferences for the resource sector. Cambridge House CEO and the host of the VRIC, Jay Martin, explained that over 300 junior mining companies will gather at the event “to showcase exploration and production of the most critical commodities the world needs to move forward in the 21st century.” He opined: “We are entering a new era of de-globalization. The trust that allowed for global trade over the last 30 years has shifted irreversibly … Demand for key resources will skyrocket.”
Kiyosaki described in an interview with Stockpulse at the VRIC last year: “This is where real money is made.” He detailed at the time: “I was one of these junior miners standing out there … and I learned more here than I ever did anything myself about entrepreneurship, business, international trade, global trade.”
The Rich Dad Poor Dad author advised: “If you are a young person, you keep learning, keep learning by real-life experience.” He stressed, “Don’t listen to fake teachers,” highlighting that college courses rely on textbooks, lacking the real-life experiences shared by miners at the conference. However, he cautioned that gold mining is a “tough business” and carries “higher risk.”
Noting that investors can look for valuable commodities at the conference, he emphasized:
The world runs on resources.
At the time, Kiyosaki said he was looking for three things at the conference: gold, silver, and copper. “I don’t own any copper. I own a lot of silver. I found a silver mine in Argentina and Yamana Gold [Canadian mining company] bought it from me,” he shared, adding that he took Trixie Mine in Utah public in July this year. “So, watch what I do, not what I say,” he recommended, pointing out: “I do own tons of gold and silver.”
The renowned author has consistently endorsed gold and silver as sound investments. Additionally, he advocates for bitcoin, asserting that these three assets are the best investments for unstable times. In November, he advised investors to buy bitcoin now before it’s too late. Furthermore, he previously disclosed the reasons behind his ongoing BTC purchases.
What do you think about Robert Kiyosaki’s advice and explanation of how he made most of his money? Let us know in the comments section below.