U.Today – Robert Kiyosaki, author of the bestselling motivational book Rich Dad Poor Dad, continues to advocate for (BTC) as an significant part of a diversified financial strategy. In his latest post, Kiyosaki emphasized the importance of preparing for economic uncertainty by investing in assets outside the customary financial system.
Kiyosaki’s observations draw attention to the different nature of capital market panics compared to banking panics. He argues that while stock, bond, or housing market crashes are obvious to most, banking crises can occur without public awareness. This hidden risk is only partially mitigated by FDIC insurance, which covers deposits up to $250,000.
However, Kiyosaki questions the safety of relying solely on this protection and urges people to consider alternatives such as gold, silver, and Bitcoin.
Robert Kiyosaki and Bitcoin
The author’s view on cryptocurrencies has changed a lot over the years. He used to consider cryptocurrencies as nothing more than gambling, but now he sees them as a store of value, comparable to gold and silver.
Kiyosaki believes that the current financial system is “corrupt” and increasingly vulnerable to attack. That’s why it’s a good idea to have concrete assets that are less likely to collapse, the author argues.
The bestselling author also believes that Bitcoin could be worth a lot in the future — up to $1,000,000. By promoting BTC, gold, and silver, Kiyosaki encourages people to protect their wealth from the risks of customary banking and to prepare for possible economic crises.
