TL;DR
- Robert Kiyosaki, author of “Rich Dad Poor Dad,” shares his optimistic view on Bitcoin’s recent performance against the US dollar.
- Kiyosaki expresses concern about the banking crisis and geopolitical risks, motivating him to acquire more BTC and silver coins as protection against inflation and dollar devaluation.
- Despite his optimism about BTC, Kiyosaki is willing to take advantage of price drops as opportunities to acquire more.
Amid Bitcoin’s dizzying ascent, renowned investor and author of the famous book “Rich Dad Poor Dad.” Robert Kiyosaki, has shared his perspective on the leading cryptocurrency and its implications in the current economic landscape.
Kiyosaki, known for his insightful financial analysis, has expressed his enthusiasm for BTC’s recent performance against the US dollar. Following a spectacular 11% increase in a single day, which saw BTC surpass $62,000 and briefly touch $63,000, the author highlighted the cryptocurrency’s strength in a context of economic uncertainty.
Thank you BITCOiN for doing your job….kicking the fake US dollar’s butt and bringing integrity back to money.
— Robert Kiyosaki (@theRealKiyosaki) February 29, 2024
The author has noted that his decision to acquire more Bitcoin is based on his concern about the banking crisis and growing geopolitical risks. For Kiyosaki, BTC and silver coins represent a solid alternative to the deteriorating value of the US dollar. Which he describes as “fake.” This investment strategy reflects his conviction in the need to protect against inflation and the devaluation of fiat currencies.
Inflation Bombing is Combated with Bitcoin and Silver
However, despite his optimism about BTC. Kiyosaki has emphasized his willingness to seize any drop in the cryptocurrency’s price as an opportunity to buy more. For him, market corrections are ideal moments to acquire assets at lower prices and strengthen his position in Bitcoin.
In addition to his support for the leading cryptocurrency, Kiyosaki has criticized the US Federal Reserve, accusing it of contributing to economic deterioration and the impoverishment of the middle and lower classes. This critical stance towards traditional monetary policies reflects his skepticism towards the conventional financial system and his confidence in cryptocurrencies as a viable alternative.
BTC’s recent surge is attributed in part to the growing interest of institutional investors. Especially after the Securities and Exchange Commission (SEC) approved Bitcoin exchange-traded funds (ETFs). Companies like BlackRock and Fidelity have begun acquiring large amounts of BTC. Further driving up its price and generating widespread market optimism.
