U.Today – Robert Kiyosaki on Bitcoin

Robert Kiyosaki, author of the best-selling motivational book Rich Dad, Poor Dad, continues to advocate for Bitcoin (BTC) as a vital component of a diversified financial strategy. In a recent post, Kiyosaki emphasized the importance of preparing for economic uncertainty by investing in assets outside the traditional financial system.

Kiyosaki highlights the differing nature of panics in capital markets compared to those in banking. He notes that while crashes in stocks, bonds, or real estate are often visible, banking crises can unfold unnoticed. This hidden risk is only partially addressed by FDIC insurance, which covers deposits up to $250,000.

Despite this protection, Kiyosaki questions its reliability and urges individuals to explore alternatives such as gold, silver, and Bitcoin.

Robert Kiyosaki and Bitcoin

Kiyosaki’s perception of cryptocurrency has evolved significantly over the years. He once viewed it merely as a gamble but now considers it a legitimate store of value, on par with gold and silver.

He asserts that the current financial system is “corrupt” and increasingly susceptible to failure, advocating for tangible assets that are more resilient. Kiyosaki predicts Bitcoin could reach a valuation of $1,000,000. By promoting BTC, gold, and silver, he encourages individuals to safeguard their wealth against the hazards of traditional banking and prepare for potential economic downturns.

This article was originally published on U.Today.