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Robert Kiyosaki, the renowned author of "Rich Dad Poor Dad," as well as an investor and entrepreneur, has recently taken to the X app (formerly Twitter) to advocate for Bitcoin in response to emerging global economic developments.
Kiyosaki emphasizes that Bitcoin, along with several other assets, is the best option to safeguard against an impending U.S. dollar crash.
**Kiyosaki Urges Bitcoin Investment for Protection**
Kiyosaki points to the BRICS coalition—comprising Brazil, Russia, India, China, and South Africa, and now expanded to include the UAE, Egypt, Iran, and Ethiopia as of January 2024—as a pivotal factor in this economic shift. He speculates that if BRICS launches a gold-backed cryptocurrency, it will lead to a significant repatriation of U.S. dollars. Kiyosaki refers to the U.S. dollar as "fake money" and predicts that this influx will result in hyperinflation, ultimately leading to the dollar's demise.
**Diversifying to Mitigate Financial Risk**
According to Kiyosaki, the prudent response to this forecasted financial turmoil is to invest in Bitcoin, gold, and silver. He consistently advocates for these assets as reliable hedges against what he sees as the inherent instability of the U.S. dollar.
**Bitcoin: A Shield Against "Fake Money"**
Kiyosaki's criticism of the U.S. dollar dates back to government measures taken to stimulate the economy, such as distributing “survival checks” and bailing out large banks and businesses by printing additional dollars. In 2020 alone, over $6 trillion was printed, prompting Kiyosaki to label the U.S. dollar as “fake money.” He contends that these actions have undermined the dollar’s value, reinforcing his call to invest in alternative assets like Bitcoin.