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The author of the book Rich Dad Poor Dad believes that crypto is the future of money. In this post about digital currency, we will follow the comments of the famous Robert Kiyosaki.
Robert Kiyosaki, author of the bestselling personal finance book Rich Dad Poor Dad, has added his voice to the financial world’s ongoing debate about the future of money. His views come at a point where cryptocurrency advocates believe that digital assets are a viable alternative to the shortcomings associated with traditional fiat currencies.
In particular, Kiyosaki reiterated in an X (ex-Twitter) post on September 17 that traditional fiat currency has no future. At the same time, he noted that digital currencies are the future of money.
The entrepreneur has previously expressed his skepticism about traditional fiat currencies, particularly the US dollar. He stated that these currencies are done. Kiyosaki, who admits to owning some Bitcoin (BTC), sees digital currencies as a hedge against the erosion of value caused by inflation and government monetary policies.
According to Feinbold, Kiyosaki believes that Bitcoin’s ability to rise after a recession means that the first digital currency is here to stay.
I own 60 bitcoins. I don’t know anything more than that. I bought them for $6,000, and the reason I bought them is not because I’m a crypto expert. I’m a trader, and when Bitcoin hit its first high of around $20,000 and then went back to $100, I said, “Oh, that’s it.” “But when it came back to $6,000, I said, I think the future belongs to Bitcoin.”
The potential of Bitcoin
Interestingly, this investor considers fiat currency as “criminal money”. In this regard, Kiyosaki also emphasized the importance of Bitcoin as a hedge against fiat money. He predicted that its price could rise to $120,000 next year. In fact, Bitcoin is targeting another all-time high. And next year’s halving event is being touted as a key catalyst.
He believes the US dollar will depreciate significantly as trillions pour into the economy causing rampant inflation. As a result, Kiyosaki has mainly recommended buying assets such as gold, silver, and bitcoin to protect against a fall in the value of fiat currency.
At the same time, this financial lecturer has warned about inflation and its possible consequences. He has noted that this could lead to the destruction of the middle class in America. He attributes some of this risk to President Joe Biden’s green energy policies.
In this regard, Kiyosaki has repeatedly expressed his distrust of the US government while calling out the Federal Reserve for its continued money printing practices.
In his view, the US economy is on the brink of a major crisis. And cryptocurrencies, especially Bitcoin, provide a haven for investors in these uncertain times.
