Rich Dad Poor Dad author Robert Kiyosaki says he’s buying more Bitcoin (BTC) at current prices as the king crypto trades in the depths of the bear market.
In a tweet to his 2.3 million followers, the best-selling author explains his thesis behind investing in Bitcoin.
[adinserter block="1"]Kiyosaki says that unlike altcoins, Bitcoin will likely be able to dodge the hammer of regulators should they decide to clamp down on regulators.
“Q: Are you investing in Bitcoin?
A: Yes I am. I am very excited about Bitcoin. Why? Because Bitcoin is classified as a commodity much like gold, silver, and oil. Most crypto tokens are classifed as a security and SEC [U.S. Securities and Exchange Commission] regulations will crush most of them. I am buying more [BTC].”
The BTC bull is also optimistic on the precious metal markets. He predicts rallies for both gold and silver in 2023, calling for 108% and 213% surge, respectively, potentially triggered by a stock market crash.
“I became a gold bug in 1972. I was a Marine pilot in Vietnam flying behind enemy lines hoping to buy gold at a discount because the mine was in enemy hands. Found out the price of gold is the same all over the world. I predict silver going to $75 and gold to $3,800 in 2023…
I became a silver nut in 1964. I was looking at a dime and saw a copper tinge around the edge. I was only 17, but I knew we were being screwed via our money. Little did I know then that the US government violated Gresham’s Law which states fake money drives out gold and silver.”
Follow us on X, Facebook and TelegramFeatured Image: Shutterstock/BINK0NTAN/Chuenmanuse