$BTC: ‘Rich Dad, Poor Dad’ Author Says ‘Bitcoin Best for Volatile Times’
On Friday (February 17, 2023), Robert Kiyosaki, the highly successful author of the “Rich Dad Poor Dad” series of personal finance books, shared his latest thoughts on his three favorite commodities – gold, silver and Bitcoin.
“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, starting and owning businesses, in in addition to increasing one’s financial intelligence (financial IQ) to improve one’s business and financial ability.”
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”, which was released on April 7, 2021, featured an interview with Kiyosaki.
During that interview, Pompliano asked Kiyosaki’s thoughts on “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”):
On February 10, 2023, Kiyosaki sent out a tweet suggesting that he believes that the Bitcoin price will crash in the short term, but he does not seem to be worried as he said that this was good news as it would enable him to to spend their dollar. his hands on more $BTC.
In the medium term, he seems very positive on Bitcoin as 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.
And on February 17, 2023, Kiyosaki tweeted that while the prices of his three favorite commodities can go up as well as down, during “unstable times,” they are the best assets to have:
