Robert Kiyosaki, the author of Rich Dad Poor Dad and a famous businessman, recently shared his opinions on Bitcoin in a post on X. He explained that he has been buying more Bitcoin and gold because they are safer than regular money like the U.S. dollar.
Not everyone agreed with him. Some users recommended Litecoin, referring to it as “digital silver,” while others noted that Bitcoin depends on the U.S. dollar, which Kiyosaki has criticized before.
Bitcoin’s value recently fell by 4.25%, bringing its price down to $96,145 after it had briefly risen above $100,000 due to disappointing job figures. Kiyosaki views recent price drops as chances to buy. He referred to Bitcoin, silver, and gold as being “on sale” in a tweet on February 3.
U.S. States Move Toward Crypto Reserves
Utah has become the first state to allow public investment in cryptocurrency, which could encourage other states to follow. Kentucky and Maryland are following suit by suggesting plans to create crypto reserves.
Maryland has proposed a bill to set up a crypto reserve, which would be funded by money gained from enforcing gambling rules. This idea is similar to a federal plan suggested by Senator Cynthia Lummis.
Kentucky lawmakers have proposed two bills that would let state retirement funds invest in digital asset ETFs. As the idea of a “Bitcoin strategic reserve” grows, each state is figuring out its own way to include digital assets in their public investment plans.
