Bitcoin pastor and financial guru Robert Kiyosaki emphasizes the importance of Bitcoin when traditional assets are rapidly losing value.
Renowned entrepreneur and financial guru, who is also famous as the author of the book on managing personal finances "Rich Dad, Poor Dad," Robert Kiyosaki, has used the social media site X to share what he calls Lesson #1.
This lesson is about why some people stay poor and others get rich.
Here, he supports the world's main cryptocurrency, Bitcoin, stating that compared to traditional non-safe haven assets, Bitcoin remains strong.
Robert Kiyosaki: Bitcoin, Gold, Silver VS. Ordinary Assets
In his X post, Kiyosaki criticized the traditional model of generating funds through regular work, claiming that the profits from such work are designed to be stolen from our fake money through taxes and inflation.
Citing his book "Rich Dad, Poor Dad," Kiyosaki talks about rental properties, oil, food production as ways to make healthy, tax-free profits.
This compares to working a regular job to receive fake USD income that is taxable and having to keep the fake USD.
Robert Kiyosaki has criticized the US dollar as fake money for the past few years since the US government printed trillions of USD since 2020.
The expert then also said that these fake USD were invested in stocks, bonds, mutual investment funds and ETFs, which are currently falling.
It mentions Bitcoin, as well as gold and silver (gold, silver, Bitcoin) as tangible assets worthy of being kept from the US dollar.
He believes that gold, silver, Bitcoin assets provide lifelong financial security & freedom.
The US national debt continues to grow, this is fuel for BTC, according to Kiyosaki.
Earlier this year, Robert Kiyosaki named three main reasons that were expected to push Bitcoin prices up.
The first was the US banking crisis in March, when several large banks collapsed, including Silvergate, Signature Bank, Silicon Valley Bank, and several others.
These banks were rescued by the US government and their clients did not lose their funds. The first bank closure did make the leading cryptocurrency rise.
The second one he expects will push Bitcoin up is the BRICS leaders meeting in South Africa in August and their decision to possibly launch a gold-backed cryptocurrency for internal trade settlement to reduce their dependence on the USD. However, that hasn't happened yet.
The third factor mentioned by Robert Kiyosaki is the rapid growth of the US national debt.
This year, debt reached US$31.4 trillion and the US government agreed to eliminate the debt limit.
It was recently reported that in the last quarter the US borrowed US$1 trillion, expanding the national debt very quickly. In this quarter and next, they plan to borrow another US$1.5 trillion.
