Robert Kiyosaki, author of the personal finance book “Rich Dad, Poor Dad,” said he was wrong to sell his Bitcoin and advised other investors not to hold their money in US dollars, but to invest in gold, silver, and the first cryptocurrency.
The writer recounted his visit to the Vancouver Resources Investor Conference (VRIC), where issues related to financial education and precious metals investing were discussed. Kiyosaki said that, contrary to rumors, he hadn’t sold all his silver holdings to buy bitcoin.
The investor admitted to selling some of his bitcoins and some gold. Both transactions were made to purchase a new home. Looking back, Kiyosaki said he regrets selling these assets, calling his actions a big mistake.
“Thank God I didn’t sell my silver. Why sell silver when I’m using borrowed funds to buy real estate to generate a steady cash flow? I’m using that money to buy more gold, silver, Bitcoin, and Ethereum. Now’s a great time to sell fake dollars to buy these assets,” Kiyosaki wrote on social media.
Kiyosaki recently urged followers not to be afraid of Bitcoin’s volatility, calling it one of the safest assets during a financial crisis, especially given the incompetent policies of central banks that print unlimited amounts of money.
