The author of the bestseller «Rich Dad, Poor Dad» named the reasons for the growing popularity of bitcoin

Robert Kiyosaki, a well-known investor and author of the bestselling financial self-education book Rich Dad, Poor Dad, known for his statements about cryptocurrencies, has spoken about the reasons for the growing popularity of bitcoin. Kiyosaki posted his thoughts on Twitter, sharing the Forbes article.

Why I buy Bitcoin. Pension funds are biggest investment businesses in the world. https://t.co/Zo6VZEdR35

— Robert Kiyosaki (@theRealKiyosaki) October 7, 2022

According to the bestselling author, the actions of the US government, including excessive borrowing, rising inflation and higher interest rates, will lead to a fall in the US dollar. People need to have a financial cushion, which many see as an investment in cryptocurrencies.

Kiyosaki himself invests in digital assets, encouraging his followers to do so. The investor is convinced that members of the cryptocurrency community need to seize the moment and invest in gold, silver, and bitcoin before their value rises. According to Kiyosaki, as soon as the Federal Reserve abandons its tight monetary policy, the attractiveness of alternative instruments, including cryptocurrencies, will immediately begin to increase.