Robert Kiyosaki's Crypto Investment Philosophy Explored

Robert Kiyosaki, the author of the Rich Dad series of personal finance books, has a mixed relationship with Bitcoin. He has encouraged his millions of followers to buy crypto, but has also claimed that tins of tuna are a better investment than Bitcoin. Kiyosaki believes that the dollar is dying and that Bitcoin, gold, and silver are a hedge against a deflationary dollar. He has also predicted that Bitcoin could fall as far as $9,000 or even $1,100. Despite his mixed messages, Kiyosaki's views on crypto are worth considering, especially as coins such as Bitcoin continue to gain steady value.

Robert Kiyosaki's mixed relationship with Bitcoin

Robert Kiyosaki, the author of the "Rich Dad" series of personal finance books, has a mixed relationship with Bitcoin. While he has invested in Bitcoin to hedge against inflation and the deflation of the US dollar, he has also been known to make contradictory statements about the cryptocurrency on Twitter.

Kiyosaki originally started to buy Bitcoin because he was unhappy about the Federal Reserve's quantitative easing and other measures. He sees Bitcoin, gold, and silver as a hedge against inflation and recessions. In a recent blog post, he explained:

> "Unlike most, I am not using Bitcoin to make millions. I’m using Bitcoin to protect my millions as insurance from the collapse of the dollar. I see Bitcoin as digital gold."

Kiyosaki has also argued that there's no point in saving money in a bank account right now. He believes that the combination of low interest rates and deflation means cash held in a savings account is losing value. As a result, he sees upside in gold, silver, and Bitcoin. On August 23, 2021, he tweeted:

> "Bitcoin is booming. Gold is stagnant. Silver is 50% below all-time highs. Dollar is dropping. Silver is the best, lowest-risk high-potential investment. Bitcoin has the greatest upside. With the dollar dropping, Bitcoin and silver are the best investments."

However, Kiyosaki has also made statements that seem to contradict his support for Bitcoin. In June 2022, he tweeted that the best investment was cans of tuna and baked beans because "you can't eat gold, silver, or Bitcoin". He has also made alarmist statements about the crypto market, predicting a "giant stock market crash" in October 2021 and claiming that the US government would eventually seize crypto assets.

Kiyosaki's views on Bitcoin and other cryptocurrencies have evolved over time. In May 2022, he tweeted that he remained bullish on Bitcoin's future, even as the price was falling. He attributed this to his belief that the Fed and Treasury are "corrupt organizations" that will "self-destruct". In October 2023, he reiterated his support for Bitcoin, saying that he would get excited if the price dropped to $10,000-$12,000 and that he would use the opportunity to buy more coins.

Kiyosaki's view on the dollar

Robert Kiyosaki, a renowned entrepreneur and author of the best-selling personal finance book 'Rich Dad Poor Dad', has expressed concerns about the stability of the United States dollar (USD) and the potential impact of a gold-backed cryptocurrency launched by the BRICS bloc countries.

Kiyosaki argues that the USD is "counterfeit" money since it is no longer backed by gold. He believes that the US Treasury and Federal Reserve Bank are "counterfeiting money" and that this is one of the main reasons for the growing wealth gap between the rich and the poor. He encourages people to stop working for and saving "fake money".

Kiyosaki's advice is not without controversy, as he has been known to make alarmist predictions about the economy and financial markets. However, his views on cryptocurrency and gold have gained traction, with some high-profile investors, like Palantir Technologies, also turning to these assets as hedges against inflation.

Kiyosaki's thoughts on gold, silver, and Bitcoin

Robert Kiyosaki, the renowned author of the "Rich Dad Poor Dad" series of personal finance books, has expressed his thoughts and opinions on investing in gold, silver, and Bitcoin on multiple social media platforms.

Kiyosaki has been a vocal advocate for investing in "hard assets" like gold, silver, and Bitcoin. In one of his tweets, he mentioned that financial planners have typically discouraged their clients from investing in these assets due to the lack of commissions. He further added that gold has outperformed the S&P for decades and that the S&P is on the verge of a 70% crash. Kiyosaki's rationale behind investing in gold, silver, and Bitcoin is that if the Fed continues to raise interest rates, the strengthening of the US dollar will cause the price of these assets to drop, making it a good opportunity to invest.

Kiyosaki also highlighted the limited supply of Bitcoin, which is capped at 21 million coins, as a significant advantage over traditional assets like gold, silver, and oil. He pointed out that the more these traditional assets are mined, the more their value is diluted, whereas Bitcoin's fixed supply ensures that its value will not be diluted. Kiyosaki has consistently advised people to accumulate Bitcoin and has even projected that its price could reach $300,000 by the end of 2024.

In addition to his views on the financial benefits of investing in these assets, Kiyosaki also shared his thoughts on the nature of gold, silver, and crypto. He referred to gold and silver as "God's money" since these metals were present on Earth before humans and will still exist long after we're gone. On the other hand, he described crypto as "the people's money." Despite his support for crypto, Kiyosaki cautioned against investing in mutual funds or ETFs, as these investments are taxable. Instead, he suggested using debt to buy apartments or real estate, which can provide tax-free cash flow.

Kiyosaki's advice on investing in gold, silver, and Bitcoin has gained traction, with some high-profile investors also diversifying their portfolios with these assets. However, it's important to note that Kiyosaki is known for making dire predictions, and his views may be considered fringe or alarmist by some.

Kiyosaki's predictions about the crypto market

Robert Kiyosaki, the author of "Rich Dad Poor Dad", has a mixed relationship with Bitcoin. He has both encouraged and discouraged investment in the cryptocurrency.

Kiyosaki's main reason for investing in Bitcoin is that he wants to hedge against inflation and a deflationary dollar. He believes that the dollar is dying due to quantitative easing and the incompetence of the Federal Reserve. He sees Bitcoin as "digital gold", and an asset that will hold its value as the dollar collapses.

In several tweets in 2021, Kiyosaki encouraged his followers to invest in Bitcoin, gold, and silver, saying that a giant stock market crash was coming in October. He predicted that the stock market crash would be caused by the US government running out of money and the failure of Evergrande, China's biggest property developer.

However, Kiyosaki has also been known to discourage investment in Bitcoin. In June 2022, he tweeted that "best investments are cans of tuna and baked beans. You can't eat gold, silver, or Bitcoin". He has also predicted that increased regulation could cause the government to seize crypto assets.

Kiyosaki has made several predictions about the future price of Bitcoin. In May 2022, he predicted that Bitcoin would fall to $20,000, and possibly as low as $11,000. In June 2022, he suggested that Bitcoin could fall as far as $9,000 or even $1,100. In October 2023, he predicted that Bitcoin would fall to $10,000-$12,000 following the collapse of FTX.

Kiyosaki has been known to change his mind about the crypto market, and his predictions should be taken with a grain of salt. However, he has been fairly accurate with his BTC predictions lately. Investors should do their own research and make decisions based on their financial situation.

Kiyosaki's advice on investing

Robert Kiyosaki, the author of the "Rich Dad" series of personal finance books, has a mixed relationship with Bitcoin. He has encouraged his millions of followers to buy crypto, but has also said that tins of tuna are a better investment than Bitcoin. He has also warned that increased regulation could cause the government to seize crypto assets.

Kiyosaki's interest in Bitcoin began because he was unhappy about the Federal Reserve's quantitative easing and other measures. He is a big fan of gold and silver for similar reasons—he sees them all as a hedge against inflation and recessions. He has also warned that the dollar is dying, and that the combination of low interest rates and deflation means that cash in a savings account is losing value.

Kiyosaki's advice is to investigate investments for yourself before diving in. He says that if you are going to invest, first study the subject and then find someone who is investing in the asset you are interested in and ask them questions. He also encourages people to think outside the system and believes cryptocurrencies are one way to do that.

Kiyosaki has also made predictions about the future price of Bitcoin, saying it could fall to $9,000 or even $1,100. He has also said that when Bitcoin hits a new bottom of $10,000 to $12,000, he will get excited and buy more.

However, Kiyosaki has come under fire from critics who say that some of the advice in his books is wrong and even dangerous. His predictions about Bitcoin prices have been contradictory, and his tweets about the crypto market have been described as alarmist.

Despite this, Kiyosaki remains a popular source of financial advice, and his books have sold millions of copies.

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