Robert Kiyosaki Supports Bitcoin as a Superior Asset
Robert Kiyosaki, the author of “Rich Dad Poor Dad,” has expressed his belief that Bitcoin is a better form of money and investment compared to traditional stocks. He argues that Bitcoin provides protection against the theft of wealth through inflation, taxation, and stock price manipulation by figures like Fed Chairman Powell, Treasury Secretary Yellin, and Wall Street bankers.
Bitcoin’s Advantages Over Stocks
While Powell and Yellen have not shown interest in banning Bitcoin, they have criticized its lack of adoption as a medium of exchange. Other central banks, such as those in Sweden and the European Union, also dismiss Bitcoin due to its price volatility. However, Bitcoin’s limited supply of 21 million coins makes it an attractive inflation hedge and some consider it “digital gold.” Additionally, Bitcoin offers protection against theft since no bank or government can seize or freeze funds if one keeps their private key secure.
Bitcoin versus Stocks: Michael Saylor’s Perspective
In a video presentation, Bitcoin billionaire Michael Saylor argued that Bitcoin is a superior long-term investment compared to the S&P500. He believes that stocks have closely followed the monetary inflation rate over the past two decades due to their scarcity relative to dollars. However, Bitcoin is even scarcer than stocks and he expects it to provide a higher return of around 14% compared to the average 7% return from stocks.
Hot Take: Rich Dad Poor Dad Author Prefers Bitcoin Over Stocks
Robert Kiyosaki, author of “Rich Dad Poor Dad,” explains why he chooses to save and invest in Bitcoin instead of stocks, bonds, or fiat currency. He sees Bitcoin as a safeguard against wealth theft through monetary manipulation. Kiyosaki’s perspective aligns with the advantages of Bitcoin, including its limited supply and protection against asset seizure. This demonstrates the growing appeal of Bitcoin among investors who seek to preserve and grow their wealth.
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