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Kiyosaki believes in a financial revolution through BTC

Kiyosaki believes in a financial revolution through BTC

GrafaGrafa2024/11/03 21:00
By:Mahathir Bayena

Robert Kiyosaki, the celebrated author of Rich Dad Poor Dad, has openly championed bitcoin, calling it a game-changer for the financial system.

Known for his critiques of fiat currency, Kiyosaki promotes bitcoin as a beacon of financial freedom and an antidote to economic instability.

Rich Dad Poor Dad, published in 1997 and co-authored by Kiyosaki and Sharon Lechter, has reached a global audience, appearing on the New York Times Best Seller list for over six years and selling more than 32 million copies in 51 languages across 109 countries.

Recently, in a post on X (formerly Twitter), Kiyosaki highlighted bitcoin’s potential to bring economic abundance, contrasting it with the scarcity-driven nature of fiat currencies.

He explained his viewpoint: “When money is abundant … then products of life … become plentiful and inexpensive. That is why I love bitcoin and life. When money becomes scarce and expensive … so does the price of life and the abundances of life.”

Kiyosaki supports what he calls the “Bitcoin Standard of life,” envisioning a world where economic opportunity is not limited to the wealthy.

He concluded his post with a thought-provoking call to action, asking his followers, “I vote for ‘the Bitcoin Standard.’ What will you vote for?”

The term "Bitcoin Standard" originates from economist Saifedean Ammous's book, The Bitcoin Standard: The Decentralized Alternative to Central Banking.

This concept suggests bitcoin could serve as a foundational currency, much like the gold standard once did, with BTC (CRYPTO:BTC) as a global store of value and potential medium of exchange.

Supporters believe a bitcoin-based system could mitigate inflation and reduce the influence of centralised monetary policies due to its limited supply and decentralised nature.

Kiyosaki frequently argues that fiat currency, especially the U.S. dollar, is “fake money,” vulnerable to inflation and devaluation.

For him, bitcoin is “people’s money,” a safer store of value compared to traditional savings, offering a way to preserve wealth in volatile times.

He also views gold and silver as “God’s money,” endorsing them alongside bitcoin as stable alternatives to fiat.

Earlier this week, Kiyosaki took to X to share why he prioritises bitcoin over fiat currency: “Why I love bitcoin: When I save FAKE fiat U.S. dollars I grow poorer. When I save bitcoin I grow richer. That’s why I love bitcoin.”

With bold predictions for bitcoin’s future, Kiyosaki forecasts a meteoric price rise to $500,000 by 2025, driven by inflation and a declining trust in central banks.

He argues that policies like the Federal Reserve’s money printing will push more people to seek refuge in assets like bitcoin, gold, and silver.

According to him, bitcoin will not only hold its value amid economic uncertainty but will likely appreciate as it becomes a favored choice for wealth preservation.

Last week, he advised his followers to consider increasing their bitcoin holdings, anticipating significant price growth on the horizon.

For Kiyosaki, bitcoin represents not just an asset but a potential pathway to a fairer economic system where wealth is protected from the vulnerabilities of fiat currency.

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Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

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