U.Today – Robert Kiyosaki, an entrepreneur in the sphere of financial education, also widely known as the author of the classic book on financial management “Rich Dad Poor Dad”, published a post on The Standard that caused a wave of excitement in the Bitcoin community.
He also explained why he loves Bitcoin.
“I vote for the ‘Bitcoin Standard'”
Robert Kiyosaki published a tweet in which he discussed the topic of money and its impact on manufactured products, their prices, and ultimately on the lives of consumers. “When money is plentiful…then the products of life…. Become abundant and affordable,” Kiyosaki wrote on Twitter.
For this reason, he says, he loves “Bitcoin and life”, because it takes less and less money and more and more steep for the “price of life and the abundance of life” to also be high. And only for the wealthy, he adds, but for everyone. Therefore, as the entrepreneur explains, he supports the “Bitcoin standard of living”.
“I vote for “The Bitcoin Standard,” Kiyosaki sums up his message to the crypto community.
The community eagerly responded to this tweet in the comments, sharing their excitement for “The Bitcoin Standard” and their support for it: “Live the Bitcoin way.” “To the bitcoin standard!” “The Bitcoin standard empowers the masses while the elites cling to their waning power.”
Here’s why Kiyosaki loves Bitcoin
Earlier this week, Robert Kiyosaki also posted a tweet explaining why he loves Bitcoin. The reason for his passion for digital gold is this: “When I save FAKE US dollars, I become poorer. When I save Bitcoin, I become richer.”
Here he alluded to the Federal Reserve’s continued money printing over the last four years. In his repeated tweets since 2020, when the pandemic hit the world, Kiyosaki has blasted the Fed and the U.S. government for printing “fake” dollars with no backing. He endorsed Bitcoin as a completely opposite asset strictly narrow to 21 million coins, and also wrote about the halving before it took place in April this year as a key event for BTC and its investors/users.
This deflationary mechanism kicked in once again on April 20 this year, making Bitcoin even more limited as it cut mining block rewards in half – from 6.25 BTC to 3,125 BTC.
However, Kiyosaki said he would never buy a Bitcoin ETF, only BTC directly.
