Rich Dad Poor Dad creator Robert Kiyosaki says he’s shopping for extra Bitcoin (BTC) at present costs because the king crypto trades within the depths of the bear market.
In a tweet to his 2.3 million followers, the best-selling creator explains his thesis behind investing in Bitcoin.
Kiyosaki says that in contrast to altcoins, Bitcoin will probably have the ability to dodge the hammer of regulators ought to they determine to clamp down on regulators.
“Q: Are you investing in Bitcoin?
A: Yes I’m. I’m very enthusiastic about Bitcoin. Why? Because Bitcoin is assessed as a commodity very like gold, silver, and oil. Most crypto tokens are classifed as a safety and SEC [U.S. Securities and Exchange Commission] rules will crush most of them. I’m shopping for extra [BTC].”
The BTC bull can also be optimistic on the dear steel markets. He predicts rallies for each gold and silver in 2023, calling for a 108% and 213% surge, respectively, doubtlessly triggered by a inventory market crash.
“I grew to become a gold bug in 1972. I used to be a Marine pilot in Vietnam flying behind enemy strains hoping to purchase gold at a reduction as a result of the mine was in enemy arms. Found out the value of gold is similar all around the world. I predict silver going to $75 and gold to $3,800 in 2023…
I grew to become a silver nut in 1964. I used to be taking a look at a dime and noticed a copper tinge across the edge. I used to be solely 17, however I knew we had been being screwed through our cash. Little did I do know then that the US authorities violated Gresham’s Law which states faux cash drives out gold and silver.”
Disclaimer: Opinions expressed at The Daily Hodl usually are not funding recommendation. Investors ought to do their due diligence earlier than making any high-risk investments in Bitcoin, cryptocurrency or digital property. Please be suggested that your transfers and trades are at your personal threat, and any loses chances are you’ll incur are your duty. The Daily Hodl doesn’t advocate the shopping for or promoting of any cryptocurrencies or digital property, neither is The Daily Hodl an funding advisor. Please notice that The Daily Hodl participates in affiliate marketing online.
Featured Image: Shutterstock/BINK0NTAN/Chuenmanuse