Robert Kiyosaki, renowned author of Rich Dad Poor Dad, recently voiced his support for Bitcoin, presenting it as a secure option for protecting wealth. In a post on X, Kiyosaki criticized fiat money as “fake,” suggesting that while saving in traditional currency reduces wealth, Bitcoin offers a path to financial growth. His statement came as Bitcoin neared $73,000, at which all holders were reportedly in profit. “That’s why I love Bitcoin,” he shared, highlighting its role in uncertain economic times.
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Rising U.S. Debt Sparks Kiyosaki’s Push for Alternative Assets
Kiyosaki’s latest remarks reflect his ongoing concerns over the U.S. national debt and economic uncertainty. Recently, he noted that U.S. debt is increasing by around $1 trillion every 90 days, a trend he warns could impact financial stability. In response, he urges investors to consider assets like Bitcoin, gold, and silver to protect their wealth, as he views fiat currency as a “giant Ponzi scheme” vulnerable to devaluation from rising debt, which could potentially impact the dollar’s purchasing power.
Kiyosaki sees Bitcoin’s fixed supply as a shield against inflation and a unique advantage over fiat currencies. He cites Metcalfe’s Law, which suggests that as Bitcoin’s network expands, so does its value and resilience, making it less susceptible to economic turmoil. He views this growing adoption as a strength that makes Bitcoin a viable hedge against traditional financial risks.
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While Bitcoin carries some perceived risks, Kiyosaki contends it is no more volatile than fiat currency. He even referenced economist Harry Dent’s prediction of a market dip, which Dent believes could bring Bitcoin to $200. If this were to happen, Kiyosaki expressed interest in purchasing more Bitcoin, viewing such a dip as an opportunity amid fluctuating economic conditions.
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Maxwell Mutuma
Maxwell is a crypto-economic analyst and Blockchain enthusiast, passionate about helping people understand the potential of decentralized technology. He writes extensively on topics such as blockchain, cryptocurrency, tokens, and more for top publications such as Coingape, Coin Edition, and The Coin Republic. His goal is to spread knowledge about this revolutionary technology and its implications for economic freedom and social good.