Rich Dad Poor Dad says Bitcoin is likely "About to become the fastest horse"

in GEMS4 years ago

The famed author of Rich Dad Poor Dad says that bitcoin is about to become the fastest horse in the race

In a series of tweets by Robert Kiyosaki, the famed author of Rich Dad Poor Dad, he laid out his thoughts on the latest investing landscape.

To anyone that has read his book or followed him for any length of time it should come as no surprise that he touted both gold and silver.

However, it's who he touted last that may raise some eyebrows.

Mr. Kiyosaki said that he thinks gold and silver are going to continue to do well but it may be bitcoin that bests them all.

His tweets over the last couple days can be seen here:

(Source: https://twitter.com/theRealKiyosaki)

No guarantee that what he says ends up being true, but a lot of "regular people" look to him for financial and investing advice ever since his book went viral several years ago.

He has 1.4 million followers on Twitter which means him talking about bitcoin is definitely a good thing.

The Central Bank's printing presses are Bitcoin's best friend

Say what you want about what bitcoin is correlated to exactly, but there is no denying this correlation in this chart...

(Source: https://cointelegraph.com/news/bitcoin-price-rises-in-tandem-with-central-banks-balance-sheets-data)

There is a pretty strong correlation to central bank balance sheets swelling and the price of bitcoin going up.

In fact, just looking at the chart it looks to almost be a perfectly positive correlation.

According to research done by a former Goldman Sachs Fund Manager, bitcoin is the only asset to outperform central bank balance sheets, and it's by a wide margin.

Though, that may be a topic for another post. :)

Bitcoin is currently pulling back today and it may last the next couple days due to the idea of fresh stimulus being off the table in the very near term, but in the medium term the money printing will continue and that means higher bitcoin prices.

Stay informed my friends.

-Doc

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