- Robert Kiyosaki says pension funds are the biggest investment in the world.
- Kiyosaki stated the pension crisis highlighted central banks’ inability to control inflation.
Robert Kiyosaki, the well-known author of the best-selling book Rich Dad Poor Dad, has explained his reason for buying bitcoin. Also, he explained how pension funds are investing in cryptocurrencies, and said they are aware that stocks, bonds, and fake money are dying.
The Rich Dad Poor Dad author explained in a tweet that he bought bitcoin because pension funds are the biggest investment in the world. He highlighted a Forbes article headlined “Your State Pension Is Now Gambling On Cryptocurrency,” which included a study indicating that 94% of American state and local government pensions are exploring cryptocurrency investments.
Furthermore, another tweet from Kiyosaki on Friday mentioned the reason for his advice to buy gold, silver, and bitcoin. And he argued that the pension crisis highlighted central banks’ inability to control inflation. He pointed out that while pensions have always invested in gold and silver, they are now doing the same with bitcoin.
Moreover, Robert Kiyosaki has recently encouraged investors to invest in real money, referencing gold, silver, and bitcoin, and warned the people that the End of Fake Money is near.
How Bitcoin is Performing
At the time of writing, Bitcoin (BTC) traded at $19,406.45 with a 24 hours trading volume of $16,175,951,080. There is no change in the price level, BTC traded in the range of 19K to 20K from the end of August.
Bitcoin has a market cap of $372,100,088,554 and BTC holds over 39.5% of the stock, as per CoinMarketCap. But the overall hashrate of Bitcoin reached an all-time high (ATH) on Wednesday, at block height 757,214, according to data provided by coinwarz.com.