Robert Kiyosaki, a prominent investor and author, is best known for his book “Rich Dad, Poor Father”. He posts on Twitter to confirm Elon Musk’s decision to allocate about ten percent of Tesla’s cash reserves to Bitcoin.
Why silver. Love Elon investing billion in Bitcoin. Silver next. Silver still 50% below all time high. Green New Deal to increase demand. Apple, Tesla & Big pharma need more silver. Why Reddit Raiders failed on silver? GameStop fake asset. Silver real asset. Real FOMO coming
— therealkiyosaki (@theRealKiyosaki) February 12, 2021
Meanwhile, Peter Schiff explains why the US economy is currently not recovering, but turning into a bubble.
Robert Kiyosaki loves Musk’s adoption of Bitcoin
In a recent tweet, the author of “Rich Dad, Poor Father” stated that “Elon likes to invest billions in Bitcoin”.
Kiyosaki is a fan of the world’s largest cryptocurrency. Apart from that, it is also keen on silver and gold. However, many old-style investors prefer gold (such as Euro Pacific Capital CEO Peter Schiff).
Kiyosaki, who started his entrepreneurial journey in real estate in the 2008-2009 economic crisis caused by the explosion of the mortgage securities bubble, believes that Bitcoin, silver and gold have great potential in the future.
As for silver, Apple expects it to be in greater demand from Tesla and the big pharmaceutical companies.
As for GameStop, Kiyosaki called it a “fake asset”.
Peter Schiff denies US economic recovery
Peter Schiff, who hates Bitcoin, posted on Twitter to criticize the dollars issued by the Fed.
He stated that the announced economic recovery of the US is nothing more than “unemployed Americans spending money to buy products produced by China with the money printed by the Fed”.
He criticized the current process, describing it as a bubble, not an improvement.
While the crypto community sees the Fed’s continuous printing of dollars as a suitable environment for Bitcoin, Schiff believes that gold is the only way individuals can protect their assets.
Among them is the aforementioned Elon Musk case, who decided to invest a huge amount of cash ($ 1.5 billion) in BTC.
The so called U.S. economic recovery boils down to unemployed Americans spending money the #Fed prints to buy products the Chinese produce. This isn't a recovery, it's a bubble. Exploding trade deficits will lead to an imploding #dollar and surging consumer prices. Buy #gold now!
— Peter Schiff (@PeterSchiff) February 12, 2021
Earlier this week, the world’s largest cryptocurrency surged to an all-time high of $ 49,000.