Renowned author of “Rich Dad Poor Dad,” Robert Kiyosaki, recently took to X to explain why he prefers investment in Bitcoin over stocks and bonds.
Why Kiyosaki is A Bitcoin Investor
The financial expert proclaimed that he views Bitcoin as a crucial safeguard against the erosion of wealth facilitated by monetary mechanisms, particularly in the context of the United States.
Specifically, Kiyosaki’s post targeted key figures in the U.S. financial ecosystem, including Federal Reserve Chair Jerome Powell and Treasury Secretary Janet Yellen.
He also mentioned Wall Street bankers. He accused all cited entities of orchestrating wealth siphoning through inflation, stock market manipulation, and taxation.
Accordingly, Kiyosaki underscored Bitcoin’s role in shielding individuals from the perceived systemic appropriation of wealth. He advocated for Bitcoin as a means to circumvent traditional investment avenues like bonds and stocks.
“That is why I save and invest in Bitcoin, not stocks, bonds, and fake dollars,” the accomplished author remarked.
Why I own Bitcoin. Bitcoin is protection against the theft of our wealth via our money. Fed Chairman Powell, Treasury Secretary Yellin, and Wall Street bankers steal our wealth via our money, specifically via inflation, taxation, & stock price manipulation. That is why I save…
— Robert Kiyosaki (@theRealKiyosaki) January 31, 2024
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Notably, this is not Kiyosaki’s first instance of advocating for Bitcoin through his social media handles. He has been a longstanding vocal critic of the U.S. government’s fiscal policies, urging the investing community to seek refuge with cryptocurrencies.
Earlier this month, Kiyosaki stirred discussions online by raising a critical scenario. Specifically, he pondered the potential consequences if U.S. economic policymakers steer the economy into hyperinflation.
On this premise, Kiyosaki expressed his apprehensions regarding the competence of governmental leaders. As a result, he highlighted the risk of a dollar collapse and subsequent hyperinflation.
In response to this uncertainty, Kiyosaki revealed that he had acquired an additional 5 BTC tokens. Furthermore, he advocated for individual self-reliance, saying, “Trust yourself, not our leaders. They’re losers with PhDs.”
Kiyosaki Says Best Time to Buy BTC is Now
Moreover, Robert Kiyosaki has pinpointed January, February, and March as opportune windows for investing in Bitcoin.
He believes these months present advantages, particularly with Bitcoin halving slated for April, which could introduce a scarcity factor to the asset, possibly propelling it towards his $150k target.
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Disclaimer: This content is informational and should not be considered financial advice. The views expressed in this article may include the author’s personal opinions and do not reflect The Crypto Basic’s opinion. Readers are encouraged to do thorough research before making any investment decisions. The Crypto Basic is not responsible for any financial losses.
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