Inflation: Protecting Wealth
Renowned investor and author Robert Kiyosaki may admit to knowing little about Bitcoin, but he does own the flagship cryptocurrency as a means of safeguarding his wealth. In a recent post on Twitter, Kiyosaki expressed concerns about the potential theft of wealth by figures such as Federal Reserve Chairman Jerome Powell, Treasury Secretary Janet Yellen, and Wall Street bankers. He believes they are attempting to achieve this through inflation, taxation, and stock price manipulation. Kiyosaki has long warned about systemic inflation and hyperinflation in the US, emphasizing the decline in purchasing power. To protect against these risks, he recommends investing in Bitcoin, silver, and gold.
Taxation: Unfair Advantages
In his book “Rich Dad Poor Dad,” Kiyosaki explains the unfair tax advantages that corporations have over individuals. Corporations can deduct expenses before paying taxes, while employees must pay taxes first and then cover their expenses with what remains. Kiyosaki also cautions about taxation in real estate, predicting that rising interest rates and Marxist policies will increase property taxes and impose rent controls. This could lead to a decrease in property values. To counter these challenges, Kiyosaki advises diversifying investments into assets like Bitcoin.
Stock Price Manipulation: Artificial Control
Kiyosaki is concerned about stock market manipulation, particularly regarding artificially controlled prices. He has argued that the stock market experienced significant manipulation in 2020, with rapid fluctuations in prices. He specifically highlights the S&P 500 index as a potential trigger for a crash that could devastate retirement plans. Kiyosaki also predicts significant losses for traditional investors who allocate a majority of their portfolios to bonds and stocks. These concerns reinforce his belief in holding Bitcoin as an alternative investment.
Conclusion
Robert Kiyosaki’s reasoning for accumulating Bitcoin as a form of protection against inflation, taxation, and stock price manipulation appears valid. However, it is essential to remember that all investments carry risks, and conducting thorough research is crucial. As Bitcoin continues to surge in value, it is gaining recognition as a viable asset for wealth preservation.
Featured image via Ben Shapiro’s YouTube.
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