$BTC: ‘Rich Dad Poor Dad’ Author Explains Why He Invests in Bitcoin
In a recent interview, Robert Kiyosaki, the highly successful author of the “Rich Dad Poor Dad” series of personal finance books, explained why he trusts Bitcoin, silver and gold more than fiat money.
“Rich Dad Poor Dad,” which is one of the 10 best personal finance books of all time, “advocates the importance of financial literacy (financial education), financial independence, and building wealth through investing in assets, real estate investing, startups, and owning businesses, as well as increasing one’s financial intelligence (financial IQ) to improve one’s business and financial capabilities.”
At various times over the past three years, Kiyosaki has criticized the Federal Reserve’s response to the resulting economic fallout and strongly urged his large following on social media platforms to guard against what he feels is inevitable high inflation (and possibly hyperinflation) in the future by to use their fiat holdings to buy silver, gold and Bitcoin.
Episode #263 of Anthony Pompliano’s “Pomp Podcast”, released on April 7, 2021, featured an interview with Kiyosaki.
During that interview, Pompliano asked Kiyosaki about “traditional inflation hedge” assets.
Kiyosaki said:
“Gold and silver are God’s money. Bitcoin is open source people’s money.“
On December 30, 2022, Kiyosaki told his 2.3 million followers that he is bullish on Bitcoin because, unlike most other cryptoassets, it is a commodity and therefore not affected by future actions by the US Securities and Exchange Commission (“SEC” ):
In the medium term, he believes that the Fed will be forced to print so much money in the future that the Bitcoin price will reach $500K by 2025.
Anyway, according to a report by The Daily Hodl, on February 22, while speaking with Michelle Makori, Kitco’s lead anchor and editor-in-chief, at the 2023 Vancouver Resource Investment Conference, Kiyosaki had this to say about Bitcoin:
“When I saw Bitcoin go to $20,000, I don’t know when it was, then it went down… But then it came roaring back. So when it hit $6,000, I bought 60 Bitcoin for $6,000. I think today it’s at $20,000 … so the more I’m in it the more I realize it has sustainability So the reason people buy Bitcoin is the same reason I buy this [silver]. And I buy this one [gold]. I don’t trust this [dollar bills].”
