"Kiyosaki Doubles Down on Bitcoin and Gold Amidst Market Fluctuations and US States' Crypto Investments"

Robert Kiyosaki, renowned author and venture investor, recently shared his views on Bitcoin and gold in a Q&A session on his social media platform. The financial expert explained why he had recently increased his holdings in both assets, citing their safety and potential as an alternative to fiat currencies like the US dollar.

Kiyosaki tweeted, "WHY I bought more gold and Bitcoin. Answer: Owning gold and Bitcoin is smarter and safer than saving dollars." This statement sparked a debate among his followers, with some agreeing with his perspective while others offered alternative views. One user suggested investing in Litecoin, while another pointed out the inherent link between Bitcoin's value and the US dollar, which Kiyosaki has previously criticized.

Despite the recent 4.25% drop in Bitcoin's price to $96,145, Kiyosaki views such market fluctuations as opportunities. In a previous tweet, he encouraged investors to take advantage of the market crash to buy more Bitcoin, silver, and gold, as these assets were temporarily on sale. On February 3, Bitcoin's price fell from $98,000 to $92,200, presenting an opportunity for investors to increase their holdings.

Meanwhile, several US states are exploring the possibility of investing public funds in cryptocurrencies. Utah became the first state to pass a bill allowing public funds to be invested in crypto, and now, Kentucky and Maryland are following suit. Each state is developing its own plan for investing public funds in digital assets, with varying approaches and funding sources. Maryland's bill, for instance, proposes creating a Bitcoin strategic reserve funded by revenue from gambling violation enforcement, while Kentucky's bills allow state retirement funds to be invested in digital asset exchange-traded funds.