Robert Kiyosaki, author of the financial book Rich Dad Poor Dad, has added to his Bitcoin holdings by purchasing one full unit at a price of $67,000. This move comes amidst a period of market weakness, where the overall cryptocurrency market is showing signs of decline.
Kiyosaki's decision to buy Bitcoin is based on two key reasons: his concerns about the rising debt levels of the US government and the fixed supply of 21 million Bitcoins. He believes that the Federal Reserve may print more money in the future to control debt levels, which could further devalue the US dollar.
The fixed supply of Bitcoins is another reason for Kiyosaki's optimism about the cryptocurrency. He has stated that when all 21 million Bitcoins are mined, Bitcoin will become a better store of value than gold. This reasoning aligns with his long-standing encouragement to investors to focus on hard assets like Bitcoin, gold, and silver.