Robert Kiyosaki: Financial Planners Finally Recognizing Bitcoin
Financial planners are starting to acknowledge Bitcoin, much to the delight of Robert Kiyosaki, the author of Rich Dad Poor Dad. Kiyosaki has long been an advocate for investing in “hard assets” like gold, silver, real estate, and BTC. He believes that advisors have discouraged clients from these assets in order to profit from commissions, even though gold has consistently outperformed the S&P. Kiyosaki recently warned of an impending crash in the stock market, urging people to choose their financial advisors wisely.
Robert Kiyosaki’s Love for Bitcoin
Kiyosaki has a history of predicting financial catastrophes, but his accuracy has been questionable. Despite this, he continues to make bold statements about the future. He has also compared the performance of gold against stocks, but his analysis is not entirely accurate. Gold has generally underperformed stocks over time. However, Kiyosaki still believes that gold retains its value better than USD due to inflation concerns.
Digital Gold and Bitcoin ETFs
Kiyosaki is a proponent of Bitcoin as a form of “digital gold.” He sees it as a means of protection against hyperinflation and believes that its value is controlled by the people rather than leaders. With the recent launch of Bitcoin ETFs, the cryptocurrency has quickly become a popular investment option. In just a month, BTC ETFs have attracted $3 billion in net inflows, making Bitcoin the second-largest ETF commodity in the US after gold and silver. This shift towards Bitcoin by financial planners is seen as a positive development by Kiyosaki.
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