Celebrity author, investor, and lifestyle coach Robert Kiyosaki has been a long-time supporter of Bitcoin and cryptocurrencies. In the past, he has spoken in favor of investing in cryptocurrencies multiple times. The Rich Dad, Poor Dad author is known for his insightful market analysis, and now he believes that cryptocurrency provides the best hedge against inflation. According to sources, Kiyosaki has been investing in Bitcoin and Ether quite heavily in the past few weeks.
The prominent author took to Twitter to reveal what he is doing to combat inflation. In his post, he wrote that inflation is making the rich richer, and the poor poorer. In such a state, buying appreciating assets is the best way to deal with inflation. Kiyosaki suggests buying real estate, gold, and silver, Bitcoin, cryptocurrency, etc. to combat inflation.
It is not the first time that Kiyosaki has suggested investment in crypto. In the past, he has been very vocal in his support of cryptocurrency and wanted young people to invest in it judiciously. With regulatory pressures looming around the corner, it has become more difficult for influential figures to openly condone cryptocurrency. Instead, they have to take to cryptic Tweets like that of Kiyosaki. Recent prices of Bitcoin and Ether have stabilized after a small decrease, but experts do not see a warning sign in it. Instead, most experts believe that Bitcoin will reach unprecedented scales in 2022, and now is perhaps a great time to enter the market.