Robert Kiyosaki Once Again Publicly Advocates for Bitcoin as a Promising Investment

Robert Kiyosaki, author of Rich Dad Poor Dad, has once again publicly advocated for Bitcoin as a promising investment.

Robert Kiyosaki, author of the personal finance book Rich Dad Poor Dad, has once again shared his thoughts on Bitcoin. In a post on X, Kiyosaki described fiat money as “fake” and highlighted Bitcoin as a means to protect wealth during uncertain times.

In the post, Kiyosaki expressed his preference for Bitcoin, stating that he grows poorer when saving in fiat but grows richer when saving in Bitcoin. He highlighted this sentiment as Bitcoin approached the $73K mark on Tuesday, rendering all Bitcoin holders profitable.

“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.”

A few months ago, Kiyosaki raised concerns about the U.S. national debt, which he claimed was increasing by $1 trillion every 90 days. He expressed担忧 over the fragile economic outlook and urged investors to consider assets like Bitcoin, gold, and silver as protection against financial instability.

Kiyosaki has consistently expressed skepticism toward fiat currencies, equating them to a “giant Ponzi scheme” that is sustained 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 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 also values Bitcoin for being decentralized and operating 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, which could see Bitcoin falling to as low as $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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