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Robert Kiyosaki Supports Crypto Investments
Renowned investor and author of Rich Dad Poor Dad, Robert Kiyosaki, has been vocal about his belief that the US dollar is losing value. In a recent episode of the podcast “The Rich Dad Channel,” Kiyosaki emphasized the importance of diversifying one’s portfolio, including investments in cryptocurrencies.
Portfolio Diversification
During the podcast, Kiyosaki spoke with Andy Shechtman, CEO of Miles Franklin Precious Metals, where he encouraged investors to consider adding gold, Bitcoin, and Ethereum to their investment mix. He highlighted the imminent decline of the US dollar and stressed the need to prepare for adverse financial conditions by investing in alternative assets.
Importance of Alternative Investments
Kiyosaki expressed his concerns about the current state of the currency, stating, “Our money is fake.” He believes that the increasing debt levels will further deteriorate the value of the dollar, making investments in assets like gold, silver, Bitcoin, and Ethereum crucial.
Financial Literacy and Counterparty Risk
Furthermore, Kiyosaki criticized the lack of financial literacy education in schools and highlighted the absence of counterparty risk associated with assets like gold, silver, and Bitcoin. He emphasized the importance of understanding the risks involved in borrowing money and the benefits of owning assets with no counterparty risk.
Kiyosaki’s Bitcoin Stance
Kiyosaki has been highly bullish on Bitcoin, describing it as the “perfect asset at the right time.” Despite his optimism, he remains cautious about the cryptocurrency, expressing doubts about its potential to be a scam or Ponzi scheme.
Protection Against Hyperinflation
In November 2023, Kiyosaki highlighted Bitcoin as the “best protection” against hyperinflation, citing it as people’s money. He urged his followers to consider Bitcoin as a safeguard against hyperinflation and emphasized the historical significance of the cryptocurrency.
Investment Strategy
While Kiyosaki has invested in a variety of assets, including gold, silver, and Bitcoin, he remains cautious about Bitcoin ETFs, preferring direct ownership of physical assets. He views these assets as bargains in today’s market.
Ian is a cryptocurrency enthusiast blending humor with professionalism. With an engineering background and a storyteller's heart, he simplifies the blockchain world with sharp analysis and a touch of wit. At Cryptowire, he brings his unique perspective to make digital financial innovation accessible to all.
