This is important because yet another renowned figure who has been in the finance world for so long prefers decentralized finance.

Robert Kiyosaki Explains Why He Purchases Bitcoin, Stating That Crypto Has the Greatest Upside

Robert Kiyosaki, the globally known author of the best-selling book “Rich Dad Poor Dad,” recently revealed why his investments are in cryptocurrency: he thinks that the virtual currency has the most significant upside in the current circumstances.

The book “Rich Dad Poor Dad” was written by Sharon Lechter and Robert Kiyosaki in 1997. Since its first publication, it has translated into many languages and sold around the globe: over 32 million copies in 51 languages across over 100 countries! It is among the leader Personal Finance books of all time and was on the New York Times Best Seller List for more than six years.

The book is the personal story of Robert Kiyosaki, who grew up with two dads: his birth father was poor and his best friend’s father was wealthy. He writes about how these men influenced his perspective on money and investing. The story refutes the myth that you have to have a high income to be rich and elaborates on the difference between working to gain money and having the money work for you.

The “Rich Dad Poor Dad” author sent a tweet after the increase in bitcoin’s price exceeded the $50,000 level:

“Bitcoin to $50,000. Great news for bitcoin holders. Bad news for mom and pop. I invest in bitcoin, gold, & silver because I do not trust our leaders, the Fed, Treasury, nor the stock market. But, unfortunately, mom and pop who save money do.”

This was not the first tweet of Robert Kiyosaki; he stated in another recent tweet:

“Bitcoin is booming. Gold is stagnant. Silver is 50% below all-time highs. The dollar is dropping. Bitcoin has the greatest upside. With dollar dropping, bitcoin and silver are the best investments.”

Robert Kiyosaki has emphasized that the dollar has been dropping for a long time and advising people to invest in bitcoin. Two months ago, he warned investors about the biggest crash in history. When the price of the most famous cryptocurrency, bitcoin, fell under the $40,000 level in May, he encouraged people to buy the dip.

Robert Kiyosaki, the finance expert with years-long experience, also supports investments in cryptocurrency and is vocal about the developments in the universe of cryptocurrency.