Renowned author of the financial management classic “Rich Dad Poor Dad,” Robert Kiyosaki, has taken to the X app (formerly Twitter) to advocate for Bitcoin as a crucial hedge amidst signs of impending global developments.
In his recent message, Kiyosaki asserts that Bitcoin, along with several other assets, presents the best option for safeguarding against the looming U.S. dollar crash. He highlights the potential impact of the BRICS (Brazil, Russia, India, China, South Africa) gold-backed cryptocurrency, suggesting that its introduction could trigger a massive outflow of U.S. dollars back into the United States. Kiyosaki deems the U.S. dollar as “fake money,” warning of the severe consequences of hyperinflation in America should such an inflow occur.
To shield against the anticipated U.S. dollar crash, Kiyosaki advocates for the acquisition of Bitcoin, gold, and silver, emphasizing Bitcoin as a potent tool against the devaluation of traditional currencies.
The financial expert’s concerns stem from the U.S. government’s extensive monetary stimulus efforts, characterized by the printing of trillions of dollars and the implementation of quantitative easing policies. Kiyosaki has long criticized these measures, denouncing the U.S. dollar as “fake money” in light of the government’s persistent expansion of the money supply.
As the U.S. government continues its quantitative easing policies and other countries follow suit, Kiyosaki remains steadfast in his recommendation for diversifying assets into Bitcoin and precious metals as a means of protecting against the erosion of wealth caused by currency devaluation.
