"Perhaps not many people really believe Kiyosaki's words, that's why the price didn't go up very much."
Robert Kiyosaki, who is sure to be known to many, is once again in the spotlight when he urges everyone to buy the cryptocurrency Bitcoin (BTC) in the face of the United States (US) economic downturn and the national debt ceiling discussion.
The statement came as Kiyosaki shed light on the state of the US economy and concerns about the growing national debt, including asserting that the US is already bankrupt.
The string, he suggested to the community to invest in assets such as gold, silver and BTC as a solution.
This is because politicians are still debating whether to increase the US debt by $30 trillion or not plus unfunded liabilities such as Social Security exceeding $250 trillion.
It is well known that Kiyosaki has been a staunch supporter of BTC for the past few years and he once voiced his concerns about fiat currency when the US government printed trillions of dollars to stimulate the economy when the outbreak started in 2020.
After more than $6 trillion was printed in 2020, Kiyosaki believes that continued printing will push the price of BTC to $500,000 by 2025.
Although he signaled to buy BTC, the price of BTC unfortunately did not show any significant increase but instead still saw a horizontal movement.
As of this writing, BTC price has jumped by 1.03% to $26,437 in the last 24 hours with a market cap of $512 billion but is still down 1.51% over the past week.
