Robert Kiyosaki, renowned for his book “Rich Dad Poor Dad,” is gaining attention for his strong endorsement of Bitcoin (BTC).
The author positions Bitcoin as an important defense against what is perceived as a systematic wealth erosion orchestrated and controlled by institutions like the Federal Reserve, Treasury and Wall Street bankers.
Why Kiyosaki owns Bitcoin
Kiyosaki’s recent post on X emphasized his investment philosophy, favoring Bitcoins over traditional assets such as stocks, bonds, fiat currencies, and more. According to him, this preference is driven by Bitcoin’s decentralized nature and resistance to inflation.
Why I own Bitcoin Bitcoin is our protection against the theft via our money of our wealth. Fed Chairman Powell, Treasury Secretary Yellin, and Wall Street bankers steal our wealth via our money, specifically via inflation, taxation, & stock price manipulation. That is why I save…
— Robert Kiyosaki (@theRealKiyosaki) January 31, 2024
He commended Bitcoin’s role as a more secure asset. He criticized figures like Federal Reserve Chairman Jerome Powell, for their involvement in reducing wealth through practices such as inflation, taxation, or stock price manipulation. Kiyosaki argues that Bitcoin is a countermeasure against these wealth-diminishing methods.
He is a member of the highlightedBitcoin was chosen over other investment options because of his departure from traditional investment methods. He briefly outlined his strategy, stating a preference to “save and invest in Bitcoin, not stocks, bonds, and fake dollars.”
While Kiyosaki initially had reservations about Bitcoin’s intrinsic value, he now regards it on par with gold and silver, considering it a crucial financial tool. He believes in Bitcoin’s long-term potential, not solely as a speculative asset but as a genuine store of value.
Kiyosaki is optimistic about Bitcoin’s future, forecasting its price to reach $120,000 within the year and expecting an impressive half a million dollars per BTC by 2025. He believes that Bitcoin’s price could reach $1,000,000 in the event of a global recession.
Advocating Alternative Investments Over Fiat
In a recent episode on ‘The Rich Dad Channel,’ streamed on January 24, Robert Kiyosaki engaged in discussions about Bitcoin and silver with Andy Schectman, CEO of Miles Franklin Precious Metals Investments, and Charles Goyette, author and radio talk-show host.
Despite admitting his limited knowledge about Bitcoin, Kiyosaki expressed trust in the digital currency, highlighting the involvement of “very smart people” who have supported it.
Kiyosaki, in November, amid the rising prices of precious metals. You can also read our article about how to get in touch with us. his 2.4 million followers on social media to transition from fiat currencies, which he labeled part of a “fake money system,” to alternative assets like gold, silver, and Bitcoin. He characterized the average saver as a “loser” in the current economic climate, advocating for investments in these alternative assets.
Furthermore, Kiyosaki criticized government policies, attributing rising inflation and subsequent challenges to the actions of the “woke government.” He expressed his ongoing commitment to converting his fiat assets into Bitcoin and precious metals, arguing that government actions ultimately lead to war and poverty.