Robert Kiyosaki Dumps Cash for Bitcoin: ’Fiat Is a Slow Bleed’
Rich Dad, Poor Dad author doubles down on crypto—calls traditional money ’government-grade monopoly cash.’
Kiyosaki’s latest rant skewers central banks while praising Bitcoin’s hard cap. ’21 million beats infinite printing presses,’ he says—just as the Fed quietly orders another pallet of green ink.
Bonus burn: ’Your savings account? That’s just a fee-disguised-as-inflation holding pen.’
Major financial players invest in Bitcoin
Kiyosaki is not the only one who has faith in Bitcoin’s potential future. The biggest Wall Street players are also buying in. Among the biggest names is Michael Saylor, founder and chairman of Strategy Inc., who has emerged as one of Bitcoin’s loudest corporate advocates.
This week, Saylor’s outfit acquired an additional 7,390 BTC to its tropospheric holdings. The total purchase cost $764 million, bringing the company’s total amount to 576,230 BTC, worth over $62 billion today. Saylor’s average purchase price is $69,726 per Bitcoin.
In that post, Kiyosaki quotes Saylor’s advice to “only invest in things a rich person will buy from you,” highlighting their shared belief that Bitcoin has evolved beyond a fringe asset. He noted that some of the most influential figures in finance now view it as a legitimate and serious store of value.
Both men believe Bitcoin is a bulwark against inflation and misguided government monetary policy. As central banks keep printing money and global debt rises, they think Bitcoin will grow more valuable.
Kiyosaki says BTC has a bright future
Kiyosaki has been forecasting huge Bitcoin gains for years now. He reiterated his bold price target earlier this year: $500,000 per BTC. He thinks soaring inflation, ballooning debt, and economic uncertainty will lead more people to store value in Bitcoin.
And he’s not alone. Other financial pundits also project strong growth for the crypto giant. Bitcoin has recently rallied to a new all-time high of $111,970.16 before its first small pullback. As of this writing, Bitcoin is priced at $107,424, according to CoinMarketCap.
Even as prices have soared, analysts say the recent surge in trading activity indicates a robust demand from institutions and everyday investors. There are even a few spot Bitcoin ETFs (Exchange-Traded Funds) now, enabling folks to invest in BTC without learning how wallets and keys work.
Meanwhile, nations and central banks struggle to cope with inflation, banking collapses, and their devaluing money. According to Kiyosaki, these challenges further bolster the case for Bitcoin.
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