Crypto:
30349
Bitcoin:
$64.209
% 0.23
BTC Dominance:
%54.0
% 0.22
Market Cap:
$2.34 T
% 1.02
Fear & Greed:
63 / 100
Bitcoin:
$ 64.209
BTC Dominance:
% 54.0
Market Cap:
$2.34 T

Kiyosaki Doubles Down on Crypto, Sees Bitcoin as Perfect Asset

Robert Kiyosaki Bitcoin Crypto

Investor and author Robert Kiyosaki has voiced his support for cryptocurrency investments and indicated his belief that the US dollar is losing value.

In a recent episode of “The Rich Dad Channel” podcast, Kiyosaki talked about how diversifying your portfolio using cryptocurrency is important. Kiyosaki urged investors to consider gold, Bitcoin, and Ethereum during an interview with Andy Shechtman, CEO of Miles Franklin Precious Metals.

According to him, the dollar is going down soon, thus it’s important to be ready for bad financial times by stockpiling other investments. It was pointed out by him that our currency is counterfeit. We have a monetary crisis and it’s only going to get worse as our national debt rises, therefore now is the time to invest in precious metals like gold, silver, and Bitcoin.

“For the same reason,” Kiyosaki said he purchased Ethereum.

In addition, he voiced his disapproval of the current financial climate and the schools’ failure to teach students financial literacy. When it comes to borrowing money, Kiyosaki also mentioned that there are no counterparty risk worries.

“Who is this guy going to repay me if I borrow money from him? In the same way that there is no counterparty risk with Bitcoin, there is also no need for gold and silver.”

Kiyosaki Prefers Direct Ownership: Avoids Spot Bitcoin ETFs

Bitcoin, the most valuable cryptocurrency in the world, was characterized by the March bestseller as “the perfect asset at the right time” by the author. On the other hand, he is wary of the asse-class since he thinks it might be a Ponzi scheme or scam.

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Throughout the years, Kiyosaki has consistently advocated for Bitcoin. The financial educator made the claim in November 2023 that Bitcoin, as the money of the people, provides the “best protection” against hyperinflation. He warned his followers about hyperinflation and made a historical connection to suggest Bitcoin as a possible solution.

Spot Bitcoin ETFs, on the other hand, didn’t appeal to him; he said that institutional investors were more suited to such financial instruments. Because of his background in entrepreneurship, he prefers to have direct control of tangible assets.

Kiyosaki has put his money into a variety of assets, including Bitcoin, gold, and silver, all of which he thinks are cheap right now.

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