Home Bitcoin News Renowned Author Robert Kiyosaki Advocates Bitcoin and Gold Amidst Global Economic Concerns

Renowned Author Robert Kiyosaki Advocates Bitcoin and Gold Amidst Global Economic Concerns

Robert Kiyosaki

In a recent social media update, celebrated author of “Rich Dad Poor Dad,” Robert Kiyosaki, reaffirms his confidence in Bitcoin (BTC) and gold as essential investments. With a growing concern about the global economic landscape, Kiyosaki advises his audience, now totaling 2.4 million on X platform, to consider these hard assets as a means of self-defense.

Kiyosaki contends that governments seem to be prioritizing other agendas over the welfare of their citizens. He encourages individuals to adopt a proactive approach to their financial well-being, asserting, “I keep buying more gold, silver, and Bitcoin because our leaders want more war and poverty. Work hard, spend wisely, and save gold, silver, and Bitcoin. Our leaders don’t care about you. So you please take care of yourself and the people you love.”

According to Kiyosaki, central banks, including the Federal Reserve (Fed), are stockpiling gold, not to stabilize their fiat currencies, but to protect themselves from the consequences of their own mismanagement. He states, “Central Banks like [the] Fed are buying gold. Does this mean fiat money is safe? Hell no! Central bankers are saving themselves from their own incompetence; that’s why they buy gold. Their job is to protect the banks, not you. Get smart. Protect yourself from central bankers: save gold, silver, and Bitcoin.”

The financial guru elaborates on the preferences of the wealthy, highlighting their inclination towards tax-free assets over traditional fiat currencies. Kiyosaki suggests that the rich avoid relying on cash due to the devaluation caused by taxes and inflation. Instead, they opt for assets that generate tax-free income, such as rental properties, oil, and food production.

“The rich don’t work for cash. Why? Because our wealth is designed to be stolen from our fake money via taxes and inflation and the stock market. Instead, the rich work for assets that put tax-free money in their pocket… cash-flow assets such as rental properties, oil, and food production.”

In contrast, Kiyosaki notes that the poor and the middle class often seek jobs promising a stable income but provide little job security. Moreover, he criticizes the conventional practice of saving and investing in assets susceptible to market fluctuations.

“Even worse, the poor and middle class work at jobs that pay [a] taxable fake cash income, and then they save fake cash and invest in stocks, bonds, mutual funds, and ETFs (exchange-traded funds) which are crashing as I write this text.”

As economic uncertainties continue to loom large, Kiyosaki’s insights resonate with a wide audience, prompting many to reconsider their investment strategies. The acclaimed author’s recommendation to focus on tangible assets like gold, silver, and Bitcoin aligns with a growing trend among investors seeking stability in an unpredictable financial climate.

Read more about:
Share on

Pankaj K

Pankaj is a skilled engineer with a passion for cryptocurrencies and blockchain technology. With over five years of experience in digital marketing, Pankaj is also an avid investor and trader in the crypto sphere. As a devoted fan of the Klever ecosystem, he strongly advocates for its innovative solutions and user-friendly wallet, while continuing to appreciate the Cardano project. Like my work? Send a tip to: 0x4C6D67705aF449f0C0102D4C7C693ad4A64926e9

Crypto newsletter

Get the latest Crypto & Blockchain News in your inbox.

By clicking Subscribe, you agree to our Privacy Policy.

Get the latest updates from our Telegram channel.

Telegram Icon Join Now ×