‘Wealthy Dad Poor Dad’ Writer Explains Why He Owns Bitcoin

Robert Kiyosaki, identified for his e book ‘Wealthy Dad Poor Dad’, is gaining consideration for his robust help for Bitcoin (BTC).

The creator positions Bitcoin as an vital protection towards what he sees as systematic erosion of wealth orchestrated by establishments such because the Federal Reserve, the Treasury Division, and Wall Avenue bankers.

Why Kiyosaki owns Bitcoin

In his latest put up on Based on him, this choice is pushed by Bitcoin’s decentralized nature and its resistance to inflation.

Why I Personal Bitcoin. Bitcoin is a safety towards the theft of our wealth via our cash. Fed Chairman Powell, Treasury Secretary Yellin, and Wall Avenue bankers are stealing our wealth via our cash, particularly via inflation, taxes, and inventory worth manipulation. That is why I save…

— Robert Kiyosaki (@theRealKiyosaki) January 31, 2024

He praised Bitcoin’s position as a safer asset. He strongly criticized figures comparable to Federal Reserve Chairman Jerome Powell for his or her involvement in lowering prosperity via practices comparable to inflation, taxes and inventory worth manipulation. Kiyosaki claims that Bitcoin supplies a countermeasure to those wealth-reducing practices.

He highlighted his departure from typical funding approaches and his alternative of Bitcoin over different types of funding. He briefly outlined his technique, preferring to “save and spend money on Bitcoin, not shares, bonds and pretend {dollars}.”

Whereas Kiyosaki initially had reservations about Bitcoin’s intrinsic worth, he now considers it on par with gold and silver as he views it as an important monetary instrument. He believes in Bitcoin’s long-term potential, not simply as a speculative asset, however as a real retailer of worth.

Kiyosaki is optimistic about the way forward for Bitcoin. He predicts the worth will attain $120,000 throughout the yr and expects a powerful half one million {dollars} per BTC by 2025. He speculates that Bitcoin might attain $1 million in a world financial downturn.

Advocating various investments over Fiat

In a latest episode on “The Wealthy Dad Channel,” streamed on January 24, Robert Kiyosaki mentioned Bitcoin and silver with Andy Schectman, CEO of Miles Franklin Valuable Metals Investments, and Charles Goyette, creator and radio discuss present host.

Regardless of admitting his restricted information about Bitcoin, Kiyosaki expressed his confidence within the digital forex, highlighting the involvement of “very sensible folks” who’ve supported it.

In November, amid rising valuable metals costs, Kiyosaki suggested his 2.4 million social media followers to modify from fiat forex, which he labeled as a part of a “faux cash system,” to various property comparable to gold, silver and Bitcoin . He characterised the typical saver as a ‘loser’ within the present financial local weather and advocated investing in these various property.

Moreover, Kiyosaki criticized authorities insurance policies, attributing rising inflation and subsequent challenges to the actions of the “woke authorities.” He expressed his continued dedication to changing his fiat property into Bitcoin and valuable metals, arguing that authorities actions in the end result in warfare and poverty.