Rich Dad Poor Dad Author Abruptly Halts Bitcoin Purchases, Warns ‘Millions Are About To Become Poorer’

Best-selling author Robert Kiyosaki says that after Bitcoin’s explosive move past $120,000, he is stopping his purchases of BTC for now.

In a new thread on the social media platform X, the Rich Dad Poor Dad author tells his 2.7 million followers that he’s buying only one more Bitcoin as the flagship crypto asset hit a new all-time high on Monday of about $123,000 – at least until a clearer financial picture comes into view.

“Yay: Bitcoin over $120,000. Great news for those who already have some Bitcoin. Bad news for those who, for whatever reason, never ‘pulled the trigger.’ They own nothing. As warned in previous X, ‘Pigs get fat, hogs get slaughtered.’ I am buying one more coin and get fatter. I will not buy any more – until I know where the economy is going.

As tempting as Bitcoin going to $200,000 to $1 million is, I don’t want to be a hog and get slaughtered. If you have not begun acquiring Bitcoin, I suggest starting very small, starting with a Satoshi.”

The Bitcoin bull also warns of a global financial collapse, which he says may present a buying opportunity.

“Remember, Warren Buffett is out of stocks and sitting on $350 billion in cash. I suspect he is waiting for the world to crash. Then he will move back in and buy the best assets with cash. Time to get smarter and the best time to get rich if you are smart, patient, studying and aware. Please take care. Millions are about to become poorer. I want you to become richer.”

At time of writing, Bitcoin is trading for $118,217.