The prominent investor and author of books on financial literacy such as “Rich Dad, Poor Dad”, Robert Kiyosaki believes “savers are losers” and has taken to Twitter to warn about the inflationary US economy and why it is worthwhile to buy Bitcoin.
For a long time, the well-known author has advised investors to purchase bitcoin, and he has previously recommended gold and silver as alternative investments.
“The US dollar is dying”, Kiyosaki says, explaining the domino effect that could make buying Bitcoin a good investment. He claims that the United States “borrows too much money”, with the country’s debt to GDP ratio hovering around 137.76%, and that “interest rates are kept low”.
The Fed then purchases Treasury bonds, which causes inflation as interest rates rise. His tweet essentially stated that the US debt is skyrocketing, citing the Federal Reserve’s recent interest rate increases.