Cryptocurrency Expert Robert Kiyosaki Warns Against Fiat Money, Advocates for Bitcoin, Gold, and Silver
Renowned entrepreneur, Robert Kiyosaki, famous for his best-selling book “Rich Dad Poor Dad,” recently issued a warning against fiat money, especially the United States dollar (USD), describing it as ‘counterfeit’. He shared a childhood anecdote of making lead coins by melting old toothpaste tubes, which was stopped by his fictional “poor dad” character in his book terming it as ‘counterfeiting’ and unlawful.
3 Alternatives to USD Recommended by Kiyosaki
Kiyosaki highlighted the abandonment of the gold standard by President Nixon in 1971, leading to the counterfeit of money by the US Treasury and Federal Reserve Bank. He urged against working and saving in ‘Fake Money’ and suggested the following assets as smarter financial choices:
- Bitcoin (BTC)
- Silver
- Gold
“People working for ‘Fake Money’ is one of the primary reasons why the gap between rich and poor grows. Don’t be a loser. Stop working for and saving ‘Fake Money.’”
Donald Trump’s Positive Stance on Bitcoin
Former US President and Republican presidential candidate, Donald Trump, in a recent address, praised Bitcoin and silver as ‘smart money.’ Kiyosaki, regarding Trump as a financially astute person, recommended his followers to switch to investing in Bitcoin, silver, and gold.
Trump’s Pro-Bitcoin Declaration
During his speech at the Bitcoin 2024 conference in Nashville, Trump vowed to position the US as the ‘crypto capital of the world,’ sparking enthusiasm and bullish sentiments in the cryptocurrency community. Consequently, the sentiment around Bitcoin on social media soared to a 16-month high, indicating increased optimism and interest.
The price of Bitcoin, a significant part of Kiyosaki’s net worth, has also seen substantial increases, with a 3.13% rise in the last 24 hours, a 3.25% surge over the past week, and a remarkable 13.94% growth in the last month, hitting a price of $69,520 as of July 29.
Hot Take: Diversify your portfolio with Bitcoin, Silver, and Gold
Considering the warning against fiat money by Robert Kiyosaki and the endorsement of Bitcoin, silver, and gold as ‘smart money,’ it might be wise to diversify your investment portfolio with these assets. Stay informed and make informed financial decisions to secure your future wealth.
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