‘Rich Dad Poor Dad’ Author Explains Why He Owns Bitcoin

Robert Kiyosaki, known for his book “Rich Dad Poor Dad”, is gaining attention for his strong support for Bitcoin (BTC).

The author posits Bitcoin as a key defense against what he believes is a systematic erosion of wealth orchestrated by institutions such as the Federal Reserve, the Treasury and Wall Street banks.

Why Kiyosaki owns Bitcoin

In a recent post on X, Kiyosaki emphasized his investment strategy, favoring Bitcoin over traditional assets like stocks, bonds and fiat currencies. According to him, this choice is driven by Bitcoin's decentralized nature and resistance to inflation.

Why I own Bitcoin. Bitcoin is a protection against theft of our money. Fed Chairman Powell, Treasury Secretary Yellen, and Wall Street bankers steal our wealth through our money, especially inflation, taxes, and stock price manipulation. That's why I save…

— Robert Kiyosaki (@theRealKiyosaki) January 31, 2024

He praised Bitcoin's role as a safer asset. He strongly criticized figures such as Federal Reserve Chairman Jerome Powell for reducing wealth through practices such as inflation, taxes and stock price manipulation. Kiyosaki argues that Bitcoin provides an antidote to these practices of resource depletion.

He highlighted his departure from conventional investment approaches and his preference for Bitcoin over other forms of investment. He succinctly describes his strategy by stating that he wants to “save and invest in Bitcoin, not stocks, bonds and fake dollars.”

Kiyosaki, who first considered Bitcoin's intrinsic value, now ranks it alongside gold and silver as an important financial instrument. He believes in Bitcoin's long-term potential as a real store of value, not just a speculative asset.

Kiyosaki is optimistic about Bitcoin's future, predicting that it will reach $120,000 within a year and will be worth half a million dollars per BTC by 2025. He estimates that Bitcoin could hit $1 million in a global recession.

Advocating for alternative investments on fiat

In a recent January 24 episode of ‘The Rich Dad Channel', Robert Kiyosaki discussed Bitcoin and silver with Andy Shechtman, CEO of Miles Franklin Precious Metals Investments, and author and radio talk-show host Charles Goyt.

Despite his limited knowledge of Bitcoin, Kiyosaki expressed his confidence in the digital currency, highlighting the involvement of “very smart people” who supported it.

In November, as the price of precious metals soared, Kiyosaki advised his 2.4 million followers on social media to move away from fiat currencies, which he considered part of a “fake money system,” to alternative assets such as gold, silver and Bitcoin. He described the average saver as a “loser” in the current economic climate, favoring investment in these alternative assets.

In addition, Kiasaki criticized government policies that caused inflation and subsequent challenges, citing “active government” measures. He expressed his determination to convert his fiat assets into bitcoin and precious metals, arguing that government actions would ultimately lead to war and poverty.