‘Wealthy Dad, Poor Dad’ Author Talks: Purchase Bitcoin as US ‘Debt Ceiling’ Drops

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U.At the moment – The famend investor and entrepreneur within the area of monetary training and creator of the traditional ebook on monetary literacy, Wealthy Dad Poor Dad, printed one other tweet this week. .

He shared two interrelated causes that at present create higher circumstances for investing in Bitcoin.

“Inventory Market Rises as Debt Ceiling Removes” – “Persist with Bitcoin”

Lots of his followers are conscious of the truth that the inventory market is rising. The Dow 30 rose 113.89 factors (0.33%) to shut at 34,509.03, he mentioned. It was the fifth consecutive day that the index was ridden on Friday.

The S&P 500 is down 0.10%, and regardless of a 0.18% drop, the 2 main indexes nonetheless hit their highest intraday ranges since April final yr. On a weekly foundation, the Dow Jones rose 2.3% (his highest since March), the S&P 500 surged 2.4% and the Nasdaq rose 3.3%.

Kiyosaki mentioned the explanation for the inventory market rally was the removing of the U.S. nationwide debt ceiling, which he mentioned would proceed to rise together with the inventory market.

“As America will get poorer, the wealthy get richer. Unhappy,” he tweeted, encouraging individuals to proceed utilizing “actual cash” and “actual belongings” comparable to gold, silver and bitcoin.

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“The Massive Crash is Coming” – “Get into Bitcoin ASAP”

In an earlier tweet on Friday, Kiyosaki warned that he anticipated one other “large crash” to happen quickly. He reminded the viewers of the upcoming BRICS convention in South Africa on August 22 this yr.

Lately, information broke that the leaders of the BRICS international locations (Brazil, Russia, India, China and South Africa) are discussing the creation of a brand new gold-backed buying and selling forex to flee the dominance of the US greenback. rice area. That might circulate trillions of {dollars} again into issuing international locations and trigger an financial crash, Kiyosaki tweeted.

He as soon as once more inspired readers to begin engaged on Gold and Silver as quickly as potential. Moreover, Kiyosaki expects Bitcoin to succeed in $120,000 by the tip of 2024 because the US continues to print extra {dollars}.

This text initially appeared on U.At the moment

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