‘Rich Dad, Poor Dad’ Author Robert Kiyosaki Endorses Bitcoin over Traditional Investments

On Nov 3, 2023 at 12:12 pm UTC by · 2 mins read

Earlier this year, Kiyosaki identified three key things that he believes will drive the price of Bitcoin up.

Robert Kiyosaki, the entrepreneur and author of the popular personal finance book “Rich Dad, Poor Dad” has endorsed Bitcoin over traditional assets. In a post on social media platform X, the known Bitcoin champion stated that while conventional assets continue to ‘crash,’ Bitcoin has held steady.

Kiyosaki shared a ‘lesson’ from his book, condemning the conventional model of earning money from regular jobs. He stated that the value of money earned this way was designed to be stolen through taxes and inflation. He instead touted cash flow assets such as rental properties, oil, and food production as a better way to earn ‘tax-free money.’

The businessman has, in the past, criticized the United States government for continuing to print more money and warned of potential hyperinflation. In the X post, Kiyosaki calls the currency “fake” and warns against investing in “stocks, bonds, mutual funds and ETFs, which are crashing.” He stated that in addition to earning ‘real tax-free money,’ the financially successful save ‘real assets’ like gold, silver, and Bitcoin.

Earlier this year, Kiyosaki identified three key things that he believes will drive the price of Bitcoin up. The first was the US banking crisis which resulted from several major banks such as Silvergate, Signature Bank, Silicon Valley Bank and others crashing. The second was the BRICS-proposed gold-backed cryptocurrency for internal trade settlements aimed to reduce dependency on the US dollar. Conversations as to the feasibility of such a currency are still ongoing. The third factor he mentioned was the rapid increase in the US national debt. The country’s debt reached $31.4 trillion this year, prompting President Joe Biden to sign a bill suspending the debt ceiling.

Share:

Related Articles

Bitcoin Selling Pressure on the Rise: What to Expect?

By April 4th, 2025

Bitcoin recently saw a major unstaking event, long-term holders’ movement, and looming Bitcoin options expirations, all contributing to potential price volatility.

Arthur Hayes Explains Why Trump Tariffs Are Good for Bitcoin

By April 4th, 2025

BitMEX co-founder Arthur Hayes argues that Trump’s reciprocal tariffs will ultimately benefit Bitcoin by weakening the US dollar and increasing the demand for alternative assets.

Bitcoin ETFs Saw $220M in Inflows Despite BlackRock’s Selloff, Trump’s Tariff War

By April 3rd, 2025

US-based spot Bitcoin exchange-traded funds recorded an impressive surge in inflows while the leading product saw $116 million in outflows amid the United States tariff war.

Exit mobile version