Abdulkarim Abdulwahab
Robert Kiyosaki, author of “Rich Dad Poor Dad,” has suggested that adopting the Bitcoin perspective of Donald Trump is a move of financial wisdom.
Kiyosaki expressed this view in a recent commentary shared on X, where he explored the concept of sound money. He stressed the significance of understanding the nature of money, criticizing fiat currency as “fake money” and highlighting the gap it creates between the rich and the poor.
Reflecting on his own journey, Kiyosaki shared an anecdote from his youth when he attempted to make his own coins by melting down old toothpaste tubes. However, his father quickly put an end to this venture, guiding him that counterfeiting money is illegal.
Kiyosaki drew a parallel between his childhood lesson and President Richard Nixon’s decision in 1971 to take the dollar off the gold standard, which he views as the start of the government “counterfeiting” money.
Kiyosaki argues that the lack of financial education in schools leads many people to work for and save in fiat money, which he deems worthless. He believes this is a key factor in the widening wealth gap. To counter this, he advocates for investing in Bitcoin, gold, and silver.
How Not To Be “Financially Stupid” With Bitcoin
In parallel, Kiyosaki cited former President Donald Trump’s endorsement of Bitcoin as “smart money” during his presentation at the 2024 Bitcoin conference. Kiyosaki, who has co-authored two books with Trump, praised him as financially brilliant and urged people to follow his lead.
Meanwhile, he encouraged his audience not to follow the lead of the Democratic Party’s presidential candidate, Kamala Harris, who has yet to publicly endorse Bitcoin, suggesting it would be an unwise decision.
Notably, Kiyosaki has continuously advised the investing public to leverage crypto assets like Bitcoin as a store of value against economic woes like inflation and currency devaluation. While Bitcoin is worth $64,300 per unit today, he believes growing demand would propel its value to $300,000 in the future.
Interestingly, financial industry leaders, including the chief executive officer of investment banking firm Goldman Sachs, have stated that Bitcoin is a worthy store of value.
Disclaimer: This content is informational and should not be considered financial advice. The views expressed in this article may include the author’s personal opinions and do not reflect The Crypto Basic’s opinion. Readers are encouraged to do thorough research before making any investment decisions. The Crypto Basic is not responsible for any financial losses.
-Advertisement-
