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Bitcoin continues to attract fans! Rich Dad author calls Bitcoin "people's money," Australian Taxation Director also jumps on the bandwagon

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Bitcoin continues to attract fans! Rich Dad author calls Bitcoin "people

The global economy has been severely impacted by the outbreak of the COVID-19 pandemic, and the unprecedented quantitative easing (QE) policy introduced by the Federal Reserve in March has deepened concerns about the economic outlook among many experts. Robert Kiyosaki, author of the bestselling book "Rich Dad Poor Dad" for over twenty years, also voiced his opinion on Twitter, stating that "gold" and "bitcoin" are the truly valuable assets.

Table of Contents

  • Robert Kiyosaki Bullish on Gold, Silver, and Bitcoin
  • Australian Tax Director Makes First Bitcoin Purchase, Tweet Goes Viral

The Rich Dad series has sold over 40 million copies worldwide, with Robert Kiyosaki, followed by 1.32 million people, posting a series of insights on the recent economic crisis since March 28 on Twitter:

Parents' advice to go to school, work, pay taxes, save money, get out of debt, and invest in stocks will expose you to high risks, now and in the future.

Why does Buffett pay lower taxes than his secretary? Because he is an entrepreneur, not an employee. Entrepreneurs, not employees, benefit during economic downturns. Change your mindset to change your future.

In his fifth insight, Robert not only heavily criticized the U.S.'s unlimited QE policy but also described Bitcoin as "the people's money":

Saving money? Are you crazy? Why save money when the Fed's QE policy, with "fake money" printing increasing from $82 billion per month to $125 billion per day, won't pay a cent with zero interest rates? Save "God's money – gold" or "the people's money – Bitcoin."

In another tweet, Robert continued to criticize the U.S., where the debt-to-GDP ratio has reached 110% and is continuously climbing. Greed is killing lives and the global economy. Store your money in gold, silver, and Bitcoin.

In fact, this is not the first time Robert has praised Bitcoin. In an interview with Bloomberg on October 21 last year, he said:

I find it fascinating that Bitcoin is competing with the Fed. If you are young and like cryptocurrencies, then cryptocurrencies might be your thing, just like how I love entrepreneurship and gold.

In addition to economists like Robert who have been paying attention to Bitcoin for some time, Bitcoin seems to be attracting new investors who have never held cryptocurrency.

Emilie Dye, policy director of the Australian Taxpayers Alliance, tweeted today (2), "I bought my first Bitcoin!" She mentioned that she had been observing Bitcoin for a while and decided to purchase it as the Australian dollar kept depreciating, opting for a safer asset like how people buy gold.

Emilie's statement has garnered strong support from the crypto community, as she expressed in a subsequent tweet: "The number of likes and comments indicates that thousands of people are investing in Bitcoin with full faith, making me feel very secure about my investment. Thank you all!"