Central Banks and Their Focus
In a recent tweet, Robert Kiyosaki, the author of ‘Rich Dad Poor Dad,’ criticized central banks like the United States Federal Reserve, stating that their primary focus is on protecting banks rather than the regular individual. He emphasized that central banks are buying gold not to safeguard fiat money but to protect themselves from their own incompetence.
According to Kiyosaki, it is essential for individuals to be proactive in protecting themselves from the actions of central bankers. He advised his followers to invest in precious metals like gold and silver, as well as in decentralized finance asset Bitcoin (BTC) as a means of protection against central bank policies.
‘Real Assets’ vs. Government Money
Kiyosaki’s recent recommendations align with his previous comments, where he suggested that governments are inclined towards war and poverty. In response, he encouraged people to work hard, spend wisely, and invest in assets like gold, silver, and Bitcoin for long-term financial security and freedom.
He also highlighted that the rich do not rely on traditional currency but instead invest in “real assets” such as rental properties, gold, silver, and Bitcoin for financial stability.
Bitcoin’s Performance and Outlook
At present, Bitcoin is priced at $37,013 with a slight decrease in the last 24 hours but maintaining a 5.99% gain over the previous seven days. On a weekly chart, it has shown an increase of 37.83% and an impressive rally of 123.71% in 2021 as of November 13th.
Hot Take: Protecting Yourself Against Central Bank Policies
In light of Kiyosaki’s remarks about central banks focusing on protecting themselves rather than the public, it is crucial to consider diversifying your investments by including real assets like gold, silver, and Bitcoin in your portfolio. By doing so, you can potentially safeguard your wealth against the impact of central bank decisions.
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