Robert Kiyosaki endorses Bitcoin, viewing it as a secure harbor for worth, contrary to traditional fiat currency.
Renowned financial author Robert Kiyosaki has voiced a hardline stance against central banking systems, particularly the Federal Reserve of the United States. His arguments against fiat money and centralized banking systems revolve around their inherent risks related to monetary policy and currency devaluation.
Kiyosaki criticizes the U.S. Federal Reserve and other central banks for repeatedly responding to financial crises by significantly increasing the money supply—what he calls "printing fake money." According to him, this practice leads to inflation, weakens the value of fiat currencies, and deepens economic instability. He cites multiple historical crises—the 1987 market crash, the 1998 LTCM collapse, the 2019 repo market crisis, the COVID-19 pandemic, and the Silicon Valley Bank crash—to demonstrate a recurring pattern where central banks’ solution is always to inject more fiat currency, thereby exacerbating the problem rather than resolving it.
Saving in fiat currency, Kiyosaki argues, is a losing strategy. He coined the phrase "Savers are losers" to emphasize that the purchasing power of these currencies erodes due to central banks' money-printing policies. Instead, he encourages people to start saving real gold, silver, and Bitcoin—assets he considers real, tangible, and resistant to inflation.
Regarding Bitcoin, Kiyosaki views it alongside gold and silver as a "real asset" alternative to fiat money. He values Bitcoin as a bearer asset that holders can physically control, unlike paper instruments or ETFs, which he regards as risky since they represent claims on assets rather than actual ownership. In a crisis, he likens ETFs of Bitcoin and precious metals to having "a picture of a gun" for self-defense—useful in good times but insufficient in a crisis. Thus, Kiyosaki advises holding actual Bitcoin directly to hedge against inflation, fiat currency depreciation, and systemic financial failure.
In summary, Kiyosaki's framework underpins his advocacy to shift wealth from fiat currencies into real, physical assets like Bitcoin, gold, and silver to preserve purchasing power and protect against what he sees as inevitable financial crashes in centralized fiat systems. He encourages investors to diversify, learn constantly, and act boldly to achieve financial autonomy.
Moreover, Kiyosaki predicts Bitcoin prices could reach up to 250,000 dollars by the end of the year and potentially over a million dollars in optimistic scenarios. For those interested in understanding Bitcoin better, Kiyosaki offers a free Bitcoin 101 course on his website Academy.
References:
[1] Kiyosaki, R. (2021). Rich Dad Poor Dad: What the Rich Teach Their Kids About Money That the Poor and Middle Class Do Not! Plata Publishing.
[2] Kiyosaki, R. (2017). Rich Dad's Guide to Investing: What the Rich Invest in, That the Middle Class Do Not! Plata Publishing.
[3] Kiyosaki, R. (2019). Rich Dad's Wisdom for Young Bloods: The Ultimate Guide to Real Estate Investing for Millennials! Plata Publishing.
[4] Kiyosaki, R. (2018). Rich Dad's Advice for Teens: Game Changer! Plata Publishing.
[5] Kiyosaki, R. (2020). Rich Dad's Common Sense: The Small Business Guide to Financial Freedom! Plata Publishing.
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