Robert Kiyosaki criticizes Federal Reserve policies, calling them corrupt.
Kiyosaki praises Michael Saylor for Bitcoin investments benefiting investors and MicroStrategy.
Bitcoin gains traction as a hedge against macroeconomic uncertainty and flawed monetary systems.
Renowned author Robert Kiyosaki has criticized the monetary policies of the United States Federal Reserve, describing the institution as corrupt. In a recent social media post, Kiyosaki, widely known for his book Rich Dad Poor Dad, highlighted Bitcoin’s potential to address global economic challenges.
He also praised Michael Saylor, the founder of MicroStrategy, for his bold approach to investing in Bitcoin.
https://twitter.com/theRealKiyosaki/status/1860158537936113938
Kiyosaki emphasized that Saylor’s strategy to allocate MicroStrategy’s treasury into Bitcoin has boosted the company’s value, enriched its investors, and preserved jobs amid financial instability. Referring to Saylor as a “genius,” Kiyosaki commended the strategic foresight that he believes critics of Bitcoin fail to recognize.
Saylor’s company has been at the forefront of Bitcoin adoption, recently raising $3 billion through a note offering to fund additional Bitcoin purchases. This follows a $2.6 billion increase through 0% convertible notes for similar purposes. MicroStrategy’s MSTR stock has surged alongside Bitcoin’s rising value, reflecting increased investor confidence.
Kiyosaki expressed support for Bitcoin, gold, and silver as alternatives to the “fake dollars” issued by central banks. He reaffirmed his belief that Bitcoin is a hedge against economic uncertainty, aligning with other proponents who view digital assets as essential in countering flawed monetary systems.
The author also expressed optimism about political shifts in the United States, citing former President Donald Trump’s pro-crypto stance as a potential avenue for fostering Bitcoin adoption at a national level. Some policymakers, including Senator Cynthia Lummis, who recently suggested that a Bitcoin reserve could significantly reduce the national debt, share this sentiment.
Bitcoin’s recent market performance has further fueled optimism. The cryptocurrency reached a new all-time high of $99,655 within the last 24 hours, although it slightly declined to $98,829 at the time of reporting.
Data from CoinGlass revealed that Bitcoin Futures Open Interest remained steady, suggesting that investors are cautious but optimistic about a potential weekend rally.
