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Robert Kiyosaki, a renowned entrepreneur and investor who supports Bitcoin and also well-known for authoring the popular book “Rich Dad Poor Dad”, has issued a tweet talking about the growing significance of BTC under the current economic conditions in the US.
He shared an investment plan he has been following with his X audience, which includes regular Bitcoin investments.
Kiyosaki on Bitcoin and 'fake US dollars'
The financial guru Kiyosaki revealed that he has been “hiding real money,” which he calls gold and silver. According to his tweet, he now owns “tons of gold and silver” as in 1985, he also began to buy his own gold and silver mines.
The investor reminded the audience that US dollars are not currently backed by anything, hinting that the gold standard was removed. And now, aside from gold and silver, he also saves digital gold: “I save Bitcoin.”
WHO CARES? I watch in amusement as so called “experts” debate Gold vs Bitcoin. I was fortunate enough to realized “We The People” were being “F’d” by our own government in 1965.
— Robert Kiyosaki (@theRealKiyosaki) November 28, 2024
In 1965, when I was 18 years old, I could see “copper” on the edge of our “silver” coins. Only 18…
Kiyosaki took a jab at those who run the US Treasury – Janet Yellen – and the Fed; both are run by people who are similar to his “poor dad” from the aforementioned book. The “poor dad” was a generalized image of someone who has little or no financial literacy and relies on a poorly managed economy, while the “rich dad” from the book is a generalized way to talk about people who not just save money that gets devalued quickly but uses it for boosting their wealth with profitable assets.
No wonder, Kiyosaki that “poor dad” Yellen and the Fed Reserve have triggered the US to become “the biggest nation debtor in history.” He then expressed his take on the current purchasing power of the USD that is the result of that growing debt: “Our dollar will soon be toilet paper.”
Kiyosaki suggests buying Bitcoin to get richer
It is important under the current economic conditions in the US, he believes, to invest in coins every month, whether it is gold, silver or Bitcoin. If you do not know which you want to bet on, he says, just “buy one gold coin, or one silver coin, or one Bitcoin Satoshi.” Then he recommends setting a monthly goal of purchasing the chosen asset and following it on a regular basis.
“Choose one coin, gold, silver, or Bitcoin….set a monthly goal….and get richer,” he said in the tweet.