Bitcoin endorsed as a safeguard against financial erosion by renowned author of ‘Rich Dad Poor Dad’
Renowned author Robert Kiyosaki, famous for his book “Rich Dad Poor Dad,” is gaining attention for his unwavering support of Bitcoin (BTC) as a means to combat what he sees as the systematic erosion of wealth by institutions such as the Federal Reserve, Treasury, and Wall Street bankers.
Kiyosaki’s investment strategy now heavily favors Bitcoin over traditional assets like stocks, bonds, and fiat currencies due to its decentralized nature and resistance to inflation. He praises Bitcoin for being a more secure asset and criticizes Federal Reserve Chairman Jerome Powell, Treasury Secretary Janet Yellen, and Wall Street bankers for their role in diminishing wealth through inflation, taxation, and manipulation of stock prices. Kiyosaki believes Bitcoin can counteract these practices and protect individuals’ wealth.
Furthermore, Kiyosaki distinguishes his investment approach from traditional methods by emphasizing his preference for Bitcoin over other forms of investment. He summarizes his strategy by stating that he chooses to “save and invest in Bitcoin, not stocks, bonds, and fake dollars.”
Although Kiyosaki initially had doubts about Bitcoin’s intrinsic value, he now considers it on par with gold and silver, viewing it as a crucial financial tool. He believes in Bitcoin’s long-term potential as both a speculative asset and a genuine store of value. His predictions for Bitcoin’s price are optimistic, expecting it to reach $120,000 within the year and an impressive half a million dollars per BTC by 2025. In the event of a global economic downturn, he speculates that Bitcoin could even reach a monumental $1 million.
During a recent episode of ‘The Rich Dad Channel,’ streamed on Jan. 24, Kiyosaki discussed Bitcoin and silver with Andy Schectman, CEO of Miles Franklin Precious Metals Investments, and Charles Goyette, author and radio talk-show host. While Kiyosaki admitted his limited knowledge about Bitcoin, he expressed his trust in the digital currency, highlighting the involvement of “very smart people” who support it.
Kiyosaki, known for his early investment in Bitcoin, stated, “I always say ‘gold, silver, and Bitcoin,’ I know nothing about Bitcoin. I just know some very smart people are in it, and thank God I bought early.”
In November, as the prices of precious metals surged, Kiyosaki advised his 2.4 million followers on social media to move away from fiat currencies, which he deemed as part of a “fake money system,” and towards alternative assets like gold, silver, and Bitcoin. He labeled the average saver as a “loser” in the current economic climate and advocated for investing in these alternative assets.
Furthermore, Kiyosaki criticized the government’s policies, attributing the rise in inflation and subsequent struggles to the actions of the “woke government.” He expressed his intention to continue converting his fiat assets into Bitcoin and precious metals, arguing that government actions ultimately lead to war and poverty.
