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Cryptocurrency News Articles

Robert Kiyosaki Praises Michael Saylor's Bitcoin Strategy, Calls It a 'Fight' Against the Fed's 'Reckless Policies'

Nov 24, 2024 at 11:30 pm

Investor and author Robert Kiyosaki has criticized the U.S. Federal Reserve and commended Michael Saylor, co-founder and executive chairman of MicroStrategy Inc.

Robert Kiyosaki Praises Michael Saylor's Bitcoin Strategy, Calls It a 'Fight' Against the Fed's 'Reckless Policies'

Robert Kiyosaki, an investor and author, has praised MicroStrategy co-founder and executive chairman Michael Saylor for his aggressive Bitcoin (CRYPTO: BTC) acquisition strategy.

Kiyosaki took to social media to voice his skepticism about the U.S. Federal Reserve's policies and inflation management. He suggested that Saylor's Bitcoin strategy offers a viable hedge against these issues.

"Michael Saylor's bold Bitcoin purchasing strategy is not just investment; it's a fight against the Fed's reckless policies," Kiyosaki wrote in the post.

The author has been an advocate for Bitcoin and other alternative assets, frequently advising followers to invest in assets like gold, silver, and cryptocurrencies to protect themselves from what he sees as the erosion of purchasing power.

Saylor's MicroStrategy is recognized as one of the largest institutional Bitcoin holders, having spent billions acquiring the cryptocurrency. Saylor maintains that Bitcoin is the ultimate store of value in a world grappling with rising inflation and economic uncertainty.

Kiyosaki also praised President-elect Donald Trump and his position on Bitcoin. Kiyosaki highlighted his work with Trump and shared his belief that Trump could become the first "Bitcoin President," a reflection of Trump's supportive attitude toward cryptocurrency.

"I worked with President-elect Donald Trump for 15 years to make America great again… and I believe he will be the first Bitcoin President," Kiyosaki wrote.

"Let's make America and the world richer again with Bitcoin."

Kiyosaki continued to criticize fiat currencies, describing them as tools of government control.

"Fiat currencies are a scam by the government to steal your freedom… Bitcoin will set you free," he added.

His statements reflect a broader sentiment within the crypto community that views Bitcoin as a decentralized alternative to traditional financial systems.

The debate over Bitcoin as a safeguard against inflation has intensified as governments worldwide grapple with economic challenges. Both Kiyosaki and Saylor remain prominent figures in this discourse, influencing retail and institutional investors alike.

News source:www.benzinga.com

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