Understanding the Real Value of Bitcoin with Robert Kiyosaki

Robert Kiyosaki, well-known for his best-selling book “Rich Dad Poor Dad” and his active role as a social media influencer on topics like Bitcoin, gold, critiques of the US economy, and market crashes, recently took to social media platform X to discuss his views on Bitcoin. He described Bitcoin as “the perfect asset at the right time” and expressed regret for not purchasing more earlier.

Bitcoin is not any more of a scam or a Ponzi scheme than the US Dollar, Euro, Yen, or any other ‘fake’ or fiat currency.

What You Need to Know

• Kiyosaki views Bitcoin as a valuable asset, similar to fiat currencies in risk but with regret for not purchasing more earlier.
• He labels fiat currencies and the financial leadership managing them as Ponzi schemes, criticizing their handling of economic issues.
• The best-selling author advocates for tangible assets like gold, silver, and Bitcoin, emphasizing their value and the importance of a strong network system.

Despite acknowledging the potential for Bitcoin to be considered a scam or a Ponzi scheme, Kiyosaki defends its value when compared to fiat currencies, which he previously even referred to as ‘criminal money‘. He goes on to say, “Yes, it is possible Bitcoin is a scam and a Ponzi scheme. Yet Bitcoin is not any more of a scam or a Ponzi scheme than the US Dollar, Euro, Yen, or any other ‘fake’ or fiat currency.”

Kiyosaki’s critique extends beyond cryptocurrencies to the foundation of the modern financial system, including the leadership managing the US economy. He boldly states, “Our US political, banking, and financial leaders… They have ripped off the American people and people of the world.” He criticizes these leaders for their inability to manage the growing government debt and accuses them of financial incompetence.

Despite these concerns, Kiyosaki sees a strong future for Bitcoin, thanks to the principle of Metcalf’s Law, which emphasizes the value of network effects. “Bitcoin, like the US dollar, cell phone networks, and network marketing businesses such as Amway gain their core value from the strength of their network system,” he explains, thereby fueling his optimism for Bitcoin’s enduring value.

Kiyosaki also advises against saving in fiat currencies, warning of their potential to devalue to zero, similar to many historical precedents. Instead, he champions the preservation of wealth through tangible assets. “Save real gold or silver coins or Bitcoin,” he recommends, as he underscores the importance of diversification and the tangible value of these assets over fiat currency.

In closing, Kiyosaki encourages individuals to seek their own understanding and guidance on Bitcoin and finances, mentioning several respected figures in the cryptocurrency space. “There are many… These are a few I respect: Raoul Pal, Lawrence Lepard, Jeff Booth, Mark Moss, Anthony Pompliano, and more,” he states, advocating for personal research and due diligence in financial decisions.

Earlier in the week, the best-selling author doubled down on his bullish sentiment for the flagship cryptocurrency, predicting a $100,000 valuation pre halving.