Author of 'Rich Dad Poor Dad' Advocates for Bitcoin Investment: Rebel Against Traditional Finance
Going Against the Grain: Kiyosaki champions Bitcoin as a Haven in a Crypto Storm
In a fiery tweet storm, celebrated author Robert Kiyosaki, known for penning the famed "Rich Dad Poor Dad," has taken a stance championing Bitcoin as a defense mechanism in tumultuous times.
Looking to the words of wisdom from former U.S. congressman Ron Paul, Kiyosaki urges the community to ditch the traditional banking system for a more solid, honest money system. Paul, who authored "End the Fed" and is an outspoken critic of the Federal Reserve, along with all central banks, sees their policies as destructive, designed to pilfer wealth and erode freedom.
Kiyosaki, a self-declared crypto supporter, believes that Bitcoin plays a crucial role in defying the heavy hand of central banks. He's urged his followers to get Bitcoin, along with gold and silver, and make that move towards personal financial independence.
Last week, Kiyosaki issued an alert about automobile giants like Toyota, Honda, and Nissan considering changes in their U.S. operations. Given the trade tariffs and increased tensions, Kiyosaki suggested the market might be on the brink of a massive crash and encouraged Bitcoin as a hedge against such economic calamity.
His stance on Bitcoin stems from his belief that it's an alternative asset that can safeguard wealth and offer protection during turbulent times. Bitcoin's resilience, growing institutional interest, and inherent decentralization make it a sturdier choice compared to traditional assets like the U.S. dollar, according to Kiyosaki. He warns that the U.S. dollar's vulnerability to inflation and poor monetary policies make it a risky investment choice.
Kiyosaki's prediction? Bitcoin will jump exponentially in the coming years, potentially reaching six figures. The author sees the current financial system perpetuating a "Greater Depression" and the biggest market crash in history, making Bitcoin an essential asset for individuals seeking to ride out the storm.
Fun Fact: Did you know that Kiyosaki has predicted Bitcoin could potentially hit $1 million by 2035[1][2][3][4]?
Footnotes:[1] https://www.forbes.com/sites/benjaminpoh-iii/2021/01/27/robert-kiyosaki-explains-what-you-need-to-do-now-to-survive-the-coming-greater-depression/[2] https://www.newsbtc.com/2021/01/27/robert-kiyosaki-rich-dad-poor-dad-bitcoin-greater-depression/[3] https://cointelegraph.com/news/robert-kiyosaki-says-buy-bitcoin-ethereum-and-diversify-to-survive-the-coming-greater-depression[4] https://www.fxempire.com/news/forex-news-experts/kiyosakis-greater-depression-grabs-headlines-54453.html
- Kiyosaki advises ditching traditional banking for a more solid system, like cryptocurrency exchanges, citing Bitcoin as a foundational element.
- Citing growth in institutional interest and decentralization, Kiyosaki places Bitcoin above traditional assets like the U.S. dollar, which he sees as vulnerable to inflation and poor monetary policies.
- Believing Bitcoin to be an alternative asset that safeguards wealth and offers protection, Kiyosaki warns against investing in the U.S. dollar.
- Kiyosaki predicts Bitcoin will jump exponentially in the coming years, potentially reaching six figures, as a hedge against an impending financial crisis and the "Greater Depression."
- Investing in decentralized assets like Ethereum, in addition to Bitcoin and other cryptocurrencies, can help individuals weather financial storms, according to Kiyosaki.
- Crypto trading, along with investments in initial coin offerings (ICOs), technology, and sports, may also present opportunities for diversification and financial growth in the ever-evolving world of finance.
