Kiyosaki Supports Trump’s Decision to Invest Pensions in Cryptocurrency
Writer and businessman Robert Kiyosaki praised US President Donald Trump for providing the opportunity to invest pension savings in cryptocurrency.
On August 7, Trump signed an executive order allowing the funds held in the balance of the most popular 401(k) retirement plans among Americans to be invested in digital assets. Today, the sum of these savings is estimated at $12,5 trillion, so billions of dollars could flood into the virtual currency market.
However, it is too early for digital asset owners to rejoice. The law will be put into practice only after the federal government draws up a set of rules for spending pension savings in order to reduce risks and protect the interests of US residents. It is also worth noting that the regulatory act gives the right to invest savings not only in cryptocurrencies, but also in other alternative assets, such as real estate and precious metals. Therefore, it is unknown how much money will be invested in virtual currencies.
At the same time, Kiyosaki did not fail to express his approval of Donald and wrote:
The fact that Trump has allowed people to spend their retirement savings to buy Bitcoin is great news. Great president, great leader. Are you saving Bitcoin?
Robert Kiyosaki
Robert traditionally calls for investing in gold, silver and BTC, which, in his opinion, will provide an opportunity to get rich. He criticizes keeping fiat currency in bank deposits and buying government bonds, believing that such decisions lead to the depreciation of savings due to inflation caused by the emission of counterfeit money, which he calls dollars.
