Robert Kiyosaki Advocates for Bitcoin as Protection Against Wealth Erosion

According to CryptoPotato, Robert Kiyosaki, the author of the popular book 'Rich Dad Poor Dad,' has expressed strong support for Bitcoin (BTC) as a defense against what he perceives as systematic wealth erosion orchestrated by institutions such as the Federal Reserve, Treasury, and Wall Street bankers. Kiyosaki's investment strategy favors Bitcoin over traditional assets like stocks, bonds, and fiat currencies, citing its decentralized nature and resistance to inflation. In a recent post, Kiyosaki criticized figures like Federal Reserve Chairman Jerome Powell for their involvement in diminishing wealth through practices like inflation, taxation, and stock price manipulation. He contends that Bitcoin provides a countermeasure to these wealth-diminishing practices and has chosen to invest in Bitcoin over other forms of investment. Kiyosaki now regards Bitcoin on par with gold and silver, considering it a crucial financial tool with long-term potential as a genuine store of value. Kiyosaki is optimistic about Bitcoin's future, forecasting its price to reach $120,000 within the year and expecting an impressive half a million dollars per BTC by 2025. He speculates that Bitcoin could reach $1 million in a global economic downturn. In a recent episode on 'The Rich Dad Channel,' Kiyosaki engaged in discussions about Bitcoin and silver with Andy Schectman, CEO of Miles Franklin Precious Metals Investments, and Charles Goyette, author and radio talk-show host. Despite admitting his limited knowledge about Bitcoin, Kiyosaki expressed trust in the digital currency, highlighting the involvement of 'very smart people' who have supported it. In November, Kiyosaki advised his 2.4 million followers on social media to transition from fiat currencies, which he labeled part of a 'fake money system,' to alternative assets like gold, silver, and Bitcoin. He characterized the average saver as a 'loser' in the current economic climate, advocating for investments in these alternative assets. Kiyosaki also criticized government policies, attributing rising inflation and subsequent challenges to the actions of the 'woke government.' He expressed his ongoing commitment to converting his fiat assets into Bitcoin and precious metals, arguing that government actions ultimately lead to war and poverty.