Rich Dad Poor Dad” author Robert Kiyosaki explains his substantial Bitcoin investment as protection against wealth erosion by traditional financial institutions. He sees Bitcoin as a defense mechanism against inflation, taxation, and stock price manipulation. Kiyosaki predicts Bitcoin could reach $120,000 in 2024 and potentially $1 million during a global economic downturn. This signals a significant shift in his investment strategy, highlighting the growing importance of cryptocurrencies as a formidable asset class.

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Author Robert Kiyosaki, best known for his book “Rich Dad Poor Dad,” recently took to Twitter to share his process for buying Bitcoin (BTC) in a short but insightful post.

In his tweet, Kiyosaki explained that when he wants to buy more Bitcoin, he simply goes to his bank and asks to wire the money to a designated account for purchasing Bitcoin. He also mentioned that he holds his Bitcoin in a cold wallet.

This method may seem simple, but it emphasizes an important point about investing in Bitcoin – it’s crucial to have a secure way to store your digital assets. By using a cold wallet, which is not connected to the internet, Kiyosaki is taking steps to protect his investment from hacking and other online threats.

Kiyosaki’s endorsement of Bitcoin is not surprising, as he has long been a proponent of alternative investments and financial education. In fact, he has been known to advocate for the use of cryptocurrencies as a way to protect against inflation and diversify one’s portfolio.

Overall, Kiyosaki’s tweet serves as a reminder that investing in Bitcoin can be a straightforward process, as long as you take the necessary precautions to protect your assets. With the right knowledge and tools, anyone can join the growing community of Bitcoin investors and potentially benefit from the future of finance.