Robert Kiyosaki Warns California Is ‘Going Broke’ and Recommends Buying Bitcoin
Robert Kiyosaki, the world-famous author of the “Rich Dad Poor Dad” book, has issued a warning that California is “going broke” and believes other states might follow suit. He advised people to start buying Bitcoin as a way to protect their money against inflation.
Kiyosaki’s Warning
Kiyosaki has often talked about financial issues faced by common people and the importance of investing wisely. In his latest statements, Kiyosaki said that California’s financial troubles could be a sign of more problems to come for other states. He believes that economic challenges and rising debts could cause more states to face financial difficulties.
Kiyosaki is a big supporter of Bitcoin, gold, and silver. He thinks these are good investments because they are not controlled by any government or central bank. He believes Bitcoin can protect people’s money from inflation and financial instability.
Financial guru recommends that people should start accumulating Bitcoin now before more financial problems arise. He suggests that owning Bitcoin can help protect people’s savings and investments from economic uncertainty.
Kiyosaki’s advice to buy Bitcoin comes at a crucial time. With increasing adoption by businesses, investors, and even countries, Bitcoin is becoming a more mainstream and trusted form of currency. Kiyosaki believes that investing in Bitcoin can provide a safeguard against financial instability and future economic challenges.
Increasing Bitcoin Adoption
More and more people and businesses are starting to use Bitcoin. Currently, a large number of companies are holding Bitcoins on their balance sheets.
Businesses: Many companies now accept Bitcoin as a form of payment.
Investors: Investors are increasingly seeing Bitcoin as a safe place to put their money. They often call it “digital gold” because it can hold value over time.
Countries: Some countries are even adopting Bitcoin on a larger scale. For example, El Salvador made Bitcoin legal tender in 2021, meaning it can be used like their regular money.
Read also: Icebreaker Raises $5 Million to Compete with LinkedIn Using Blockchain Technology
