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Cryptocurrency News Articles
Rich Dad Poor Dad Author Robert Kiyosaki Praises Michael Saylor's Billion-Dollar Bitcoin Blueprint
Nov 24, 2024 at 09:30 am
Rich Dad Poor Dad author Robert Kiyosaki expressed strong support for bitcoin and Microstrategy Executive Chairman Michael Saylor's BTC strategy.
Robert Kiyosaki, author of the personal finance book Rich Dad Poor Dad, has strongly endorsed bitcoin and Microstrategy Executive Chairman Michael Saylor's BTC strategy.
In a post on the social media platform X this week, Kiyosaki shared his thoughts on Saylor's bitcoin strategy and his prediction of the cryptocurrency reaching $13 million.
“I believe he is right. He is one smart boy,” Kiyosaki wrote about Saylor.
The Rich Dad Poor Dad author went on to say that if Saylor's bitcoin prediction is correct, then purchasing 0.01 BTC at today's price could make someone a millionaire in the future.
“Sure beats going $50,000 in debt for a student loan … studying for years … just to earn a flimsy MBA,” Kiyosaki stated. “Get smarter … buy bitcoin today. I am.”
Saylor has predicted that by 2045, bitcoin's price could range from a bear case of $3 million to a bull case of $49 million, with a base case of $13 million.
He has also spoken about bitcoin's role in revolutionizing the global economy and advocated for its adoption as a primary treasury asset to ensure economic stability and wealth accumulation.
Microstrategy, the largest corporate bitcoin holder with 331,200 BTC, recently announced its “21/21 Plan,” which aims to secure $42 billion over three years to expand its bitcoin holdings.
The plan involves raising $21 billion through equity offerings and an additional $21 billion via fixed-income securities.
In a follow-up post on X, Kiyosaki defended Saylor against criticism from a prominent gold advocate, whom he described as a “loudmouth who sells gold.”
While Kiyosaki did not name the individual, Peter Schiff has been a frequent critic of Saylor's BTC strategy.
Kiyosaki praised Saylor's investment decisions, crediting him with benefiting Microstrategy's stakeholders.
“I think Michael Saylor is a genius,” Kiyosaki wrote.
“I am following Saylor's tactical bitcoin investment plan … obviously not to Saylor's dollar size … yet making myself and my company's employees richer and jobs much more secure … especially in these treacherous financial times.”
The Rich Dad Poor Dad author has endorsed gold and silver investments alongside bitcoin, while remaining a vocal critic of the U.S. Federal Reserve, which he has called a “corrupt central bank.”
Kiyosaki has advocated for diversification into gold, silver, and bitcoin, positioning these assets as safeguards against fiat currency instability.
Referencing investor Larry Lepard, Kiyosaki stated: “To change the world … change our money.”
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