Robert Kiyosaki Declares His Support for 'The Bitcoin Standard,' Elaborates on Why He Loves Bitcoin

Robert Kiyosaki, entrepreneur in the financial education sphere also widely known for authoring a classic book on finance management “Rich Dad Poor Dad”

Financial education entrepreneur Robert Kiyosaki, who is also well-known for writing the classic book on finance management “Rich Dad Poor Dad,” has shared a post about The Bitcoin Standard, which sparked excitement within the Bitcoin community.

Additionally, he shared his reasons for loving Bitcoin.

‘I vote for “The Bitcoin Standard”‘

Robert Kiyosaki posted a tweet discussing the topic of money and how it affects the products that are produced, their pricing, and ultimately the lives of their consumers. “When money is abundant….then products of life …. Become plentiful and inexpensive,” Kiyosaki tweeted.

For this reason, he says, he loves “Bitcoin and life”, since it takes money getting scarce and expensive to make “the price of life and the abundances of life” also high. And not only for the wealthy people, he adds, but for everyone. So, the entrepreneur explains, he supports “The Bitcoin Standard of life.”

“I vote for “The Bitcoin Standard,” Kiyosaki concludes his message to the crypto community.

When money is abundant….then products of life …. Become plentiful and inexpensive. That is why I love Bitcoin and life.When money becomes scarce and expensive….so does the price of life and the abundances of life.I support the Bitcoin Standard of life…. Because I…

The community responded enthusiastically to that tweet in the comments, sharing their excitement about “The Bitcoin Standard” and their support for it: “Live life the Bitcoin way.” “To the bitcoin standard!” “The Bitcoin Standard empowers the masses while the elite cling to their fading power.”

Here's why Kiyosaki loves Bitcoin

Earlier this week, Robert Kiyosaki also posted a tweet explaining why he loves Bitcoin. His reason for his love of digital gold is the following: “When I save FAKE fiat US dollars, I grow poorer. When I save Bitcoin, I grow richer.”

Here he touched upon the Fed Reserve’s constant money printing over the past four years. In his multiple tweets since 2020, when the world got hit by the pandemic, Kiyosaki has been criticizing the Fed and the US government for printing “fake” dollars that are not backed by anything. He promoted Bitcoin as an opposite asset that is strictly limited to 21 million coins and also wrote about the halving before it took place in April this year as a key event for BTC and its investors/users.

WHY I LOVE BITCOIN: When I save FAKE fiat US dollars I grow poorer.When I save Bitcoin I grow richer.That’s why I love Bitcoin.

This deflationary mechanism was once again triggered on 20 April this year, making Bitcoin even more scarce as it slashed miner block rewards by half – from 6.25 BTC to 3.125 BTC.

However, Kiyosaki mentioned that he would never buy a Bitcoin ETF, only BTC directly.