[2020-04-02] Rich Dad Poor Dad Author Calls Bitcoin People’s Money

[bbc.reporter]

I support his classification of bitcoins as the people's money. However, the skeptical me is telling myself that he might have begun buying and might only use bitcoin as a speculative investment similar to the loudest influencers in the cryptospace.



Robert Kiyosaki, a bestselling author of popular financial literacy book, Rich Dad Poor Dad, is the latest to weigh in on the topic as he encouraged his followers on Twitter to save their money via Bitcoin instead of fiats currencies.

Kiyosaki who recently started a series of financial lessons on how people can stay free from a financial crisis made this known today while describing Bitcoin, the most valuable cryptocurrency as the “People’s money.”

Read in full https://coinfomania.com/robert-kiyosaki-calls-bitcoin-peoples-money/

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[Kounter]

An original way to advertise his book by exploiting bitcoin theme. It's time to release your own books instead of your own cryptocurrencies

[Theb]

He has been saying this for years now I remembered this topic resurfacing from 2018 and 2019 which makes me wonder why he keeps on saying this over and over again and this time via tweet with a lesson coming from his book. I don't know maybe it's just part of his marketing ploy on staying relevant in the market again to keep his book sales up but there is really no evidence that he is holding Bitcoin himself. So really this is the only possibility why he keeps bringing up Bitcoin just to promote his book from the process.

[LeGaulois]

He has been saying this for years now I remembered this topic resurfacing from 2018 and 2019 which makes me wonder why he keeps on saying this over and over again and this time via tweet with a lesson coming from his book. I don't know maybe it's just part of his marketing ploy on staying relevant in the market again to keep his book sales up but there is really no evidence that he is holding Bitcoin himself. So really this is the only possibility why he keeps bringing up Bitcoin just to promote his book from the process.

Because with the current situation it's a perfect period for him. It's like a reminder to say 'I told you', to stay relevant as you think. He has always been a gold bug (and they are all doing the same these days.)

Since some people consider Bitcoin as a store of value, he has the right audience to talk to; to spread wrong shady advice and regurgitate the same things he does for years

[Darker45]

Whatever the ultimate intention of this man I know not, but his description of Bitcoin as the people's money is at least right. And if indeed he has a lot of followers all over the world, this is probably reaching them out well. At least he did not label Bitcoin as an outright investment; he calls it money, and the people's money in particular.

He must have grabbed this timely opportunity when the governments are now very busy printing money out of thin air as the perfect backdrop of his Lesson 5.

[bbc.reporter]

@Kounter. It appears that I have given him more respect than he deserves hehehe. He might not also be holding bitcoin, I reckon.

@Theb. I watched a video of him where he said that he only invests in real estate and he also mentioned that bitcoin is a bubble.

@LeGaulois, @Darker45. Agreed. Similar to Tom Lee, another businessman who saw an opening to convince people to follow him hehe.

[Harlot]

Because with the current situation it's a perfect period for him. It's like a reminder to say 'I told you', to stay relevant as you think. He has always been a gold bug (and they are all doing the same these days.)

Since some people consider Bitcoin as a store of value, he has the right audience to talk to; to spread wrong shady advice and regurgitate the same things he does for years

Yeah, but why Bitcoin and also Gold? I know that other assets are at an all time low now like stocks and real estate which will surely give him more audience if he mentioned about these two rather than just Bitcoin and Gold. Knowing Robert Kiyosaki and how he built his book I know that he would lean more too stocks and real estate not some volatile asset like Bitcoin. One of the possibilities I am seeing why he just mentioned Bitcoin again is it's the only thing who have suddenly pump during this crisis while other markets are still suffering that's why he is talking about Bitcoin right now since he just want to think that investors should be focusing on Bitcoin instead rather than some other good opportunities out there.