The author of 'Rich Dad Poor Dad,' Robert Kiyosaki, criticizes the U.S. Federal Reserve while praising Michael Saylor's Bitcoin purchasing strategy as a hedge against economic uncertainty.
In a recent post on X, the author of 'Rich Dad Poor Dad' and Bitcoin supporter Robert Kiyosaki critiques the Federal Reserve. Kiyosaki also praises MicroStrategy founder Michael Saylor's Bitcoin strategy, noting that BTC has the potential to avoid financial difficulties. Notably, this comment comes after the author recently supported Saylor's bold prediction that BTC will reach $13 million in the coming years.
Robert Kiyosaki criticizes the Federal Reserve and praises Michael Saylor for promoting Bitcoin.
Robert Kiyosaki's latest post on X calls Saylor a 'genius,' praising him for strategically using MicroStrategy's funds to purchase billions of dollars in Bitcoin. Kiyosaki emphasizes that this bold investment not only enriched Saylor, his company, and shareholders but also preserved jobs during turbulent financial times.
Kiyosaki refutes critics in the article, pointing out that some critics of Saylor buying Bitcoin instead of gold lack foresight and fail to recognize Bitcoin's potential. He reiterates support for gold and silver as investments but argues that the real issue lies with the 'fake dollars' printed by 'corrupt central banks... namely the Federal Reserve.'
The author of 'Rich Dad Poor Dad' praises Saylor for utilizing corporate resources to invest in Bitcoin, as Bitcoin enriches investors and provides job opportunities. Notably, just before Saylor made these remarks, he had just supported his own prediction that Bitcoin will reach $13 million in the coming years, calling Bitcoin a strategic hedge against economic uncertainty.
Meanwhile, Michael Saylor's Bitcoin buying spree shows no signs of stopping. MicroStrategy recently completed a $3 billion bond issuance to fund further Bitcoin acquisitions. Previously, MicroStrategy raised $2.6 billion in the form of 0% convertible bonds for the same purpose. The company's stock, MSTR, has risen alongside Bitcoin's recent price surge, indicating high market optimism.
BTC becomes a tool to hedge against macroeconomic dilemmas.
Robert Kiyosaki's remarks align with the growing perception of Bitcoin's role in reshaping global finance. He emphasizes the importance of Bitcoin, gold, and silver as tools against flawed monetary systems. Discussing his collaboration with Donald Trump, Kiyosaki expresses optimism about Trump becoming the first 'Bitcoin President,' a title that resonates with Trump's supportive stance on cryptocurrency.
Notably, this optimism is not limited to Kiyosaki. Senator Cynthia Lummis recently stated that establishing Bitcoin reserves could halve U.S. debt in 20 years. These bold views align with the shifting market narrative, especially as Bitcoin's global adoption accelerates.
Meanwhile, Kiyosaki quotes a saying by Larry Lepard at the end of his post: 'To change the world, we must change our money.' He continues to advocate for Bitcoin, highlighting the growing belief that digital assets could provide solutions to global macroeconomic challenges.
It is noteworthy that BTC prices have continued to rise recently, with a slight drop today, trading at $98,829. Over the past 24 hours, the cryptocurrency reached a new high of $99,655. However, CoinGlass data shows that BTC futures open interest remains near the flat line, indicating that investors are pausing ahead of the anticipated weekend rebound.
