Cryptocurrency

Cryptocurrencies are the people’s money according to Robert Kiyosaki

In recent news, Robert Kiyosaki has expressed his positive outlook and support for Bitcoin (BTC). Despite being a well-known investor in the financial world, Kiyosaki hadn’t previously expressed much opinion on cryptocurrency. However, he recently came out to express that he believes that Bitcoin is “people’s money”. In this blog post we are going to discuss why Robert Kiyosaki changed his tune and now supports cryptocurrencies like Bitcoin as an investment option.

Robert Kiyosaki, investor and author of “Rich Dad Poor Dad,” says he likes Bitcoin and believes it is “people’s money.”

Recently, Robert Kiyosaki, the famous businessman and author of “Rich Dad Poor Dad”, proclaimed his support for Bitcoin (BTC) and believes it is “people’s money.”

Kiyosaki stated in an interview with Fox Business that he has faith in Bitcoin as a form of digital gold. He also noted he currently holds some Bitcoin himself and will continue to do so into the future. The investor sees BTC as something that gives everyday people access to financial freedom by removing them from the hands of centralized entities such as banks. He went on to mention that decentralization is essential to thwarting authorities or governments who may attempt to impose oppressive laws on citizens.

Kiyosaki also spoke on decentralized finance – or DeFi – which he described as being superior due its ability to help eliminate unfair practices and imbalances of power within nations. According to Kiyosaki, these technologies can be potentially utilized by those without a centralized figure helping manage their finances from any part of the world.

The outspoken advocate concluded by offering appreciation for cryptocurrencies overall; noting they were far more revolutionary than many give credit for — revolutionizing the monetary system while giving users autonomy over their funds in ways that have never been possible before now.

Kiyosaki has been a long-time advocate of investing in precious metals like gold and silver.

Robert Kiyosaki, the author of Rich Dad Poor Dad and renowned financial mentor, has recently expressed his admiration for Bitcoin. Kiyosaki has been a long-time advocate of investing in precious metals like gold and silver but now says that he’s “a bigger fan of Bitcoin” as an investment asset. He believes that Bitcoin is “people’s money” – in other words closer to hard currency than paper currencies which are subject to devaluation through inflationary policies.

Kiyosaki sees advantages in Bitcoin over precious metals when it comes to price appreciation potential, portability and convenience for transactions between individuals or businesses without having to rely on banks or government institutions. He also believes that there will be fewer risks associated with owning Bitcoin compared with traditional investments such as stocks or real estate due to its decentralised nature.

Kiyosaki claims that everyone should have some exposure to cryptocurrencies if they want their finances secured from crashes or “theft” by governments through debasement (which he notes is happening everywhere around the world today). He recommends holding onto some physical Bitcoins if you are serious about keeping your personal wealth safe and secure, rather than relying on digital services like Coinbase which can be prone to hacks and frauds.

It is inspiring to see someone with as much influence in the financial world as Robert Kiyosaki talk positively about Bitcoin and its potential. His endorsement of BTC as ‘people’s money’ speaks volumes on the promise of this revolutionary technology. With increasing awareness, it is likely that digital assets like Bitcoin will play a major role in shaping tomorrow’s digital economy.

Image Credits: Shutterstock, Pixabay, Wiki Commons

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