Robert Kiyosaki, bestselling author, reveals his reasons for placing a significant bet on Bitcoin, seeing it as the ultimate defense against wealth erosion.
Robert Kiyosaki, author of “Rich Dad Poor Dad,” has revealed his reasons for a substantial investment in Bitcoin (BTC), considering it as a key defense against wealth erosion by traditional financial institutions.
Kiyosaki recently emphasized Bitcoin’s role as a crucial defense against the systemic wealth extraction perpetrated by entities like the Federal Reserve, Treasury, and Wall Street. He argues that traditional institutions exploit currency value through inflation, taxation, and stock price manipulation. Consequently, Kiyosaki opts for Bitcoin’s decentralized and inflation-resistant properties over conventional investments like stocks, bonds, and fiat currency. Although he previously doubted Bitcoin’s intrinsic value, he now regards it as essential alongside gold and silver. Despite acknowledging its volatility, he sees Bitcoin not just as speculative but as a genuine store of value.
$1 million Bitcoin
Kiyosaki predicts ambitious price increases for Bitcoin, foreseeing it reaching $120,000 by the end of the year and an astounding $500,000 per BTC by 2025. In the event of a global economic downturn, he speculates that Bitcoin’s value could soar to an unprecedented $1 million. This endorsement marks a significant shift in Kiyosaki’s investment strategy, emphasizing the growing importance of cryptocurrencies as a formidable asset class.
