The popular financial advisor explained why the price of precious metals & Bitcoin is increasing amid the ongoing economic downturn in the world.

Robert Kiyosaki is a popular writer & author of financial management-related books. In the whole world, Kiyosaki is famous for his book “Rich Dad Poor Dad”. Kiyosaki mainly suggests people invest in real estate properties, Gold, Silver & also in Bitcoin. In the past, Kiyosaki suggested people buy Bitcoin many times.

On 1 Feb 2023, Robert Kiyosaki took to Twitter to explain why the price of Gold, Silver & Bitcoin is increasing, which is a clueless thing for the category of poor & middle-class people.

Kiyosaki noted that poor people & middle-class families are getting poorer because of bad debt. Indirectly Kiyosaki pointed toward the downfall of the value of fiat currencies because of economic debt.

The popular financial author & advisor suggested people get started with silver coin investment, which starts at $30 per silver coin.

Earlier this, on 28 Jan 2023, Kiyosaki said that a global recession is the worst thing over a bad depression and unfortunately we are in a global recession.

Kiyosaki suggested people buy silver, gold & Bitcoin at perfectly bargained prices because huge numbers of people are going through unemployment as a part of huge numbers of layoffs from big companies.

Bitcoin price

At the time of writing this article, the price of Bitcoin is $23,092 and this price is 39.51% higher over the last 30 days of trade price.

Robert Kiyosaki explains why Bitcoin going up 1

In the last 7 days, BTC grabbed only 2.7% growth in its trade price, which is still not a bad sign for the Bitcoin investors.

Read also: CoinTracker reduces workforce by 20%


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