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- Robert Kiyosaki calls the U.S. “fake” and backs as a hedge.
- He describes fiat money as “fake” and believes saving in Bitcoin increases wealth.
- Kiyosaki expresses his love for Bitcoin as it approaches the $73K mark, benefiting all holders.
Robert Kiyosaki, author of Rich Dad Poor Dad, has once again publicly advocated for Bitcoin as a promising investment. In a post on X published earlier today, Kiyosaki described fiat money as “fake” and views Bitcoin as a means to protect wealth during uncertain times.He noted that he loves Bitcoin because, in his view, when he saves in fiat, he grows poorer, but he grows richer when he saves in Bitcoin. “That’s why I love Bitcoin,” he stated. Notably, Kiyosaki expressed this sentiment as Bitcoin approached the $73K mark on Tuesday, elevating all Bitcoin holders to profitability.
Kiyosaki Concerns Over U.S. Debt and Economic Stability
A few months ago, Kiyosaki raised alarms about the U.S. national debt, which he claims is increasing by $1 trillion every 90 days. He believes this trend creates a fragile economic outlook and urges investors to consider assets like Bitcoin, gold, and as protection against financial instability.Kiyosaki has long expressed skepticism toward fiat currencies, equating them to a “giant Ponzi scheme” backed only by faith in what he describes as mismanaged financial and political systems. He argues that fiat money is vulnerable due to heavy debt burdens, which he believes could weaken the dollar’s purchasing power over time.
Kiyosaki Sees Bitcoin as a Hedge Against Inflation
Kiyosaki has endorsed Bitcoin, highlighting its fixed supply as a key reason it is a hedge against inflation. His focus on Bitcoin aligns with his view that traditional financial systems expose savers to devaluation risks. He sees Bitcoin’s decentralized nature as an asset that operates outside government control.In a post on March 26, Kiyosaki explained that his belief in Bitcoin’s resilience also stems from Metcalfe’s Law, which suggests that a network’s value grows as more people join. He likens Bitcoin’s growing network to the stability provided by the U.S. dollar, which relies on widespread acceptance.However, he acknowledges risks, stating that while some may consider Bitcoin a “Ponzi scheme,” he believes it is no riskier than fiat currency.On a lighter note, Kiyosaki’s post on April 2 referenced economist Harry Dent’s prediction of a major economic downturn, suggesting that Bitcoin could fall to $200 per coin. If Bitcoin were to reach such low prices, Kiyosaki expressed interest in increasing his holdings, seeing it as a potential buying opportunity.
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