On Friday (30 December 2022), Robert Kiyosaki, the highly successful author of the “Rich Dad Poor Dad” series of personal finance books, explained why he is ‘very excited’ about Bitcoin and adding to his $BTC holdings.
“Rich Dad Poor Dad“, which is one of the top 10 personal finance books of all time, “advocates the importance of financial literacy (financial education), financial independence and building wealth through investing in assets, real estate investing, starting and owning businesses, as well as increasing one’s financial intelligence (financial IQ) to improve one’s business and financial aptitude.”
At various times during the current COVID-19 pandemic, Kiyosaki has been criticizing the Federal Reserve’s response to the resulting economic fallout and strongly urging his large following on social media platforms to protect themselves from what he feels is inevitable high inflation (and possibly hyperinflation) in the future by using their fiat holdings to buy silver, gold, and Bitcoin.
Episode #263 of Anthony Pompliano’s “Pomp Podcast”, which was released on 7 April 2021, featured an interview with Kiyosaki. During that interview, Pompliano asked for Kiyosaki’s thoughts on “traditional inflation hedge” assets.
Kiyosaki said:
“Gold and silver are God’s money. Bitcoin is open source people’s money.“
Then, on 13 May 2022, he said that crashes are the best times to get rich:
Why CRAHES are GOOD: Rich dad taught his son and me “Your profit is made when you buy…not when you sell.” Bitcoin is the future of money. That is why I will back up the truck when the bottom is in. It may be $17k or even lower $11k. Time to get richer is coming. Take care.
— therealkiyosaki (@theRealKiyosaki) May 13, 2022
On 11 November 2022, he said that he is not worried about the fall in the price of Bitcoin since he is an investor rather than a trader, and that if the $BTC price even gets to as low as $10,000, rather than getting worried, he would get excited (presumably since he wants to buy even more $BTC to hold for the long term):
BITCOIN? WORRIED? No. I am a Bitcoin investor as I am an investor in physical gold, silver, & real estate. I am NOT A TRADER or flipper. When BITCOIN hits new bottom, $10 to $12 k? I will get EXCITED, not worried. I bet against the Fed,Treasury, Biden, & bet on G,S, & Bitcoin.
— therealkiyosaki (@theRealKiyosaki) November 11, 2022
Yesterday (30 December 2022), Kiyosaki told his 2.3 million followers that he is bullish on Bitcoin because unlike most other cryptoassets it is a commodity and therefore not impacted by future actions of the U.S. Securities and Exchange Commission (“SEC”):
Q: Are you investing in Bitcoin?A: Yes I am. I am very excited about Bitcoin. Why? Because Bitcoin is classified as a commodity much like gold, silver, and oil. Most crypto tokens are classifed as a security and SEC regulations will crush most of them. I am buying more BC
— therealkiyosaki (@theRealKiyosaki) December 31, 2022
