Robert Kiyosaki advocates for Bitcoin in light of soaring US debt
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Robert Kiyosaki has cautioned about the rising US debt. The author of âRich Dad Poor Dad,â claims the United States accrues roughly $1 trillion in debt every 100 days.
In his recent posts on X, the New York Times best-selling author recommended people invest in gold, silver, and Bitcoin to guard themselves from economic instability.
Kiyosaki recommends Bitcoin as hedge against economic instability
On August 21, Robert Kiyosaki called attention to the rising national debt, stating that the United States is accumulating $1 trillion in debt every 100 days.
He illustrated the enormity of this figure by stating that one trillion seconds equates to over 31,688 years.
He then recommended a shift to Bitcoin and commodities like gold and silver. At the time of this writing, The US national debt stood at $35.21 trillion.
On August 18, Kiyosaki shared a âRich Dadâ lesson on panics via the X platform, highlighting the visible distress in current capital markets. He pointed out the failing stock, bond, and real estate markets and warned that the public remains unaware of banksâ insolvency, describing these banking panics as âinvisible.â
In an earlier post on August 16, Kiyosaki urged the public to take control of their financial future by seeking their own solutions rather than relying on the Federal Reserve. He encouraged people to safeguard their wealth by purchasing gold, silver, and Bitcoin.
He urged a shift in investments toward Bitcoin and gold, stating, âThat is why there is FDIC insurance. If your bank goes bust, up to $250k of your savings are safe.
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