Bitcoin Prominent Investor Kiyosaki Comments On U.S. Economy

Robert Kiyosaki, the prominent Bitcoin investor and writer of the personal finance classic “Rich Dad Poor Dad,” took to X (formerly Twitter) to voice concerns about the U.S. economy. While not all doom and gloom, his message hinted at troubles persisting. The crypto community quickly reacted.

Kiyosaki tweeted he believes the U.S. economy is in a “depression” currently. He defined this as the economy growing, but underperforming its potential. Kiyosaki pointed to GDP figures backing his view – 3.4% growth in Q4 2022, slowing to 1.6% in Q1 2023.

Previous tweets show he’s made huge bets on the crypto asset. His prediction? Bitcoin is skyrocketing to $100,000 by September 2023, fueled by the recent “halving” event.

Kiyosaki said he planned to acquire 10 more Bitcoins before the halving. He expects the supply cut to spark a major price rise.

Prominent Bitcoin Investor Kiyosaki Face Criticized

The tweet garnered many reactions from crypto diehards. An XRP-themed account suggested redefining “depression” per Kiyosaki’s take. Some criticized the author, while others thanked him for his insights. But most just voiced support for Bitcoin.

The “Rich Dad Poor Dad” writer has attracted a following by preaching unconventional financial wisdom. His iconic book advocates building wealth through assets and entrepreneurship over simply working for money. Kiyosaki’s economic pessimism combines with Bitcoin boosterism to resonate with crypto believers.

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Furthermore, the author’s views are for reference only and shall not constitute investment advice. Before purchasing, please ensure you fully understand and assess the products and associated risks.

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