{"id":32075,"date":"2022-10-15T09:57:44","date_gmt":"2022-10-15T09:57:44","guid":{"rendered":"http:\/\/egrowonline.com\/?p=32075"},"modified":"2022-10-15T09:57:44","modified_gmt":"2022-10-15T09:57:44","slug":"rich-dad-poor-dad-author-now-prefers-bitcoin-to-real-estate-heres-why","status":"publish","type":"post","link":"http:\/\/egrowonline.com\/?p=32075","title":{"rendered":"\u201cRich Dad, Poor Dad\u201d Author Now Prefers Bitcoin to Real-Estate, Here\u2019s Why"},"content":{"rendered":"<p> <br \/>\n<\/p>\n<div><a target=\"_blank\" class=\"article__lead-img--wrapper\" href=\"https:\/\/u.today\/yuri-molchan\" rel=\"noopener\"><br \/>\n<img loading=\"lazy\" decoding=\"async\" width=\"224\" height=\"140\" alt=\"article image\" src=\"https:\/\/u.today\/sites\/default\/files\/2019-11\/yuri-ava.jpg\" class=\"author__item-user-avata\" \/><br \/>\n<\/a><\/p>\n<div class=\"article__lead-info\"><a target=\"_blank\" class=\"article__lead-name\" href=\"https:\/\/u.today\/yuri-molchan\" rel=\"noopener\">Yuri Molchan<\/a><\/p>\n<p>Renowned real-estate investor gives reasons for choosing Bitcoin over it now<\/p>\n<\/div>\n<\/div>\n<div>\n<div class=\"article__contents\">\n<p>Contents<\/p>\n<ul class=\"article__contents-list\">\n<li class=\"article__contents-item\"><a target=\"_blank\" class=\"article__contents-link link-pseudo\" href=\"#h20\" rel=\"noopener\">\u201cI no longer recommend real-estate, I recommend Bitcoin\u201d<\/a><\/li>\n<li class=\"article__contents-item\"><a target=\"_blank\" class=\"article__contents-link link-pseudo\" href=\"#h31\" rel=\"noopener\">\u201cEconomy crashes, stock markets go bust\u201d<\/a><\/li>\n<\/ul>\n<\/div>\n<p>Robert Kiyosaki, famous for making a fortune on investments in real-estate back in the 90s and during the 2008 mortgage crisis, author of the popular \u201cRich Dad, Poor Dad\u201d book on finance, has taken to Twitter to announce that he is stepping away from investing in real-estate and <a target=\"_blank\" href=\"https:\/\/u.today\/bitcoin-price-today-will-depend-on-this-crucial-factor-report\" rel=\"noopener\">chooses Bitcoin<\/a> along with precious metals now.<\/p>\n<h2 id=\"h20\">\u201cI no longer recommend real-estate, I recommend Bitcoin\u201d<\/h2>\n<p>Kiyosaki stated that now he prefers Bitcoin, as well as top precious metals \u2013 gold and silver \u2013 rather than real-estate and recommends the same to his followers on Twitter.<\/p>\n<p>The reason for this, according to the tweet, were described in his book released in 2020, whose title actually mentions the leading cryptocurrency \u2013 \u201cCapitalist Manifesto: Money for Nothing \u2013 Silver, Gold and Bitcoin\u201d.<\/p>\n<blockquote class=\"twitter-tweet\">\n<p dir=\"ltr\" lang=\"en\">Why I NO LONGER recommed REAL ESTATE. In my 2022 book Capitslist Manifesto, I stated Marxist took over the US in the 2020 election. Marxists will raise property taxes, impose rent controls, as rising interest rates decrease property values. I recommend gold, silver, Bitcoin.<\/p>\n<p>\u2014 therealkiyosaki (@theRealKiyosaki) <a target=\"_blank\" rel=\"nofollow noopener\" href=\"https:\/\/twitter.com\/theRealKiyosaki\/status\/1581144449668722689?ref_src=twsrc%5Etfw\">October 15, 2022<\/a><\/p><\/blockquote>\n<p>In that book, as he reminded the Twitter audience, he described the fact that investment in real-estate had become a lot more difficult since 2020, as the newly elected US government intends to increase taxes on property, implement rent control. Besides, he stated that the interest rates hikes that have been frequently occurring this year, will decrease the value of real-estate property.<\/p>\n<div class=\"something middle_banner\">\n<div class=\"something__content something__content-square\" style=\"width:336px;height:280px\">\n<a target=\"_blank\" rel=\"nofollow noopener\" href=\"https:\/\/servedbyadbutler.com\/go2\/;ID=183269;size=336x280;setID=558953\"><img loading=\"lazy\" decoding=\"async\" src=\"https:\/\/servedbyadbutler.com\/adserve\/;ID=183269;size=336x280;setID=558953;type=img;click=CLICK_MACRO_PLACEHOLDER\" width=\"336\" height=\"280\" \/><\/a><\/p>\n<p>Ads<\/p>\n<\/div>\n<\/div>\n<p>None of these issues can be applied to Bitcoin, though.<\/p>\n<h2 id=\"h31\">\u201cEconomy crashes, stock markets go bust\u201d<\/h2>\n<p>In an earlier tweet, Kiyosaki shared that <a target=\"_blank\" href=\"https:\/\/u.today\/rich-dad-poor-dad-author-bitcoin-may-protect-you-as-economy-crashes-markets-go-bust\" rel=\"noopener\">Bitcoin is now becoming<\/a> more important than ever as US economy is crashing, stock markets are going in the same direction together with pensions and unemployment spike.<\/p>\n<p>He added that Bitcoin will not protect one\u2019s income now, but it can protect one\u2019s wealth. Overall, Kiyosaki claims that he has been predicting the current economy crash since the 1990s, adding that the present situation was fueled also during the 2008 crisis when the US government starting printing money and then also printed more than $6 trillion USD in 2020, when the pandemic started, hitting everything and everyone.<\/p>\n<p>Besides, the writer has recently shared another reason for his interest in Bitcoin \u2013 US pension funds have begun investing in the flagship cryptocurrency. At press-time, BTC is changing hands at $19,160, as per CoinMarketCap data.<\/p>\n<\/div>\n<p><br \/>\n<br \/><a href=\"https:\/\/u.today\/rich-dad-poor-dad-author-now-prefers-bitcoin-to-real-estate-heres-why\">Source link <\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Yuri Molchan Renowned real-estate investor gives reasons for choosing Bitcoin over it now Contents \u201cI no longer recommend real-estate, I recommend Bitcoin\u201d \u201cEconomy crashes, stock markets go bust\u201d Robert Kiyosaki, famous for making a fortune on investments in real-estate back in the 90s and during the 2008 mortgage crisis, author of the popular \u201cRich Dad, [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":32076,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":"","jetpack_publicize_message":"","jetpack_publicize_feature_enabled":true,"jetpack_social_post_already_shared":true,"jetpack_social_options":{"image_generator_settings":{"template":"highway","enabled":false}}},"categories":[37],"tags":[7934,50,5311,164,5913,11771,7661,3714],"class_list":["post-32075","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-bitcoin","tag-author","tag-bitcoin","tag-dad","tag-heres","tag-poor","tag-prefers","tag-realestate","tag-rich"],"jetpack_publicize_connections":[],"jetpack_sharing_enabled":true,"jetpack_featured_media_url":"http:\/\/egrowonline.com\/wp-content\/uploads\/2022\/10\/24806.jpg","_links":{"self":[{"href":"http:\/\/egrowonline.com\/index.php?rest_route=\/wp\/v2\/posts\/32075","targetHints":{"allow":["GET"]}}],"collection":[{"href":"http:\/\/egrowonline.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"http:\/\/egrowonline.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"http:\/\/egrowonline.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"http:\/\/egrowonline.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=32075"}],"version-history":[{"count":1,"href":"http:\/\/egrowonline.com\/index.php?rest_route=\/wp\/v2\/posts\/32075\/revisions"}],"predecessor-version":[{"id":32077,"href":"http:\/\/egrowonline.com\/index.php?rest_route=\/wp\/v2\/posts\/32075\/revisions\/32077"}],"wp:featuredmedia":[{"embeddable":true,"href":"http:\/\/egrowonline.com\/index.php?rest_route=\/wp\/v2\/media\/32076"}],"wp:attachment":[{"href":"http:\/\/egrowonline.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=32075"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"http:\/\/egrowonline.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=32075"},{"taxonomy":"post_tag","embeddable":true,"href":"http:\/\/egrowonline.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=32075"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}