Robert Kiyosaki’s Perspective on Bitcoin, Wealth, Economic Trends

Robert Kiyosaki, a renowned financial sage and educational entrepreneur who is also the author of the book “Rich Dad, Poor Dad” on managing personal finances, shared on the social media site X what he termed “Lesson #1” regarding the reasons why some people remain impoverished while others become wealthy.

In this address, he endorsed Bitcoin, the leading cryptocurrency in the world, stating that it remains robust compared to traditional non-safe-haven assets.

Kiyosaki critiques the conventional approach to generating income through conventional employment in his X post, asserting that the resulting profits are “intended to be pilfered from our counterfeit currency through taxation and inflation.”

Kiyosaki, in his book “Rich Dad, Poor Dad,” suggests “rental properties, energy production, and food production” as viable avenues for generating substantial and tax-free profits, as opposed to working traditional occupations that yield “taxable fake USD income” and require the accumulation of “fake USD.”

In recent years, Kiyosaki has criticized the US dollar as counterfeit, noting that the US government has printed trillions of USD since 2020.

Additionally, the expert asserts that these “false USD” are invested in “currently collapsing equities, bonds, mutual funds, and ETFs.”

He refers to Bitcoin, gold, and silver (“G, S, BC”) as “actual assets” that merit preservation instead of U.S. dollars. He is confident that “G, S, and BC are assets that provide financial independence and security for a lifetime.”

Earlier this year, Robert Kiyosaki identified three significant factors that he anticipates will increase the price of Bitcoin.

The initial one was the March banking crisis in the United States, which witnessed the failure of several significant institutions, including Silicon Valley Bank, Silvergate, and Signature Bank, among others.

The US government bailed out these institutions, thereby preventing the loss of client funds. The closure of the initial few institutions did contribute to the ascent of the leading cryptocurrency.

He anticipated that the August meeting of BRICS leaders in South Africa and their probable decision to launch a gold-backed cryptocurrency for internal trade settlements to reduce their reliance on the USD would be the next catalysts for Bitcoin’s ascent. That has not occurred thus far.

The third element cited by Kiyosaki was the exponential expansion of the United States’ national debt. The debt peaked at $31.4 trillion this year, at which point the “removal of the debt ceiling” was authorized by the United States government.

It was recently reported that the United States borrowed $1 trillion in the fourth quarter, significantly increasing the national debt in a brief period.

They have proposed borrowing an additional $1.5 trillion for the current and subsequent quarters.