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The author of Rich Dad Poor Dad, Robert Kiyosaki, has shown his views about the banking system and Bitcoin. He considers the current drop in the price of Bitcoin as a chance to purchase more. He believes the US's growing debt, economy, and inflation are the problems.
Kiyosaki worries that people's wealth could be affected if the dollar depreciates. He recommends investing in bitcoin, silver, and gold to secure their future. His viewpoints indicate his support for digital assets and mistrust of conventional money.a
Kiyosaki on Bitcoin Crash
The author of "Rich Dad Poor Dad," Robert Kiyosaki, has once again indicated his thoughts about Bitcoin and the global financial system. He discussed his investment tactics, inflation fears, and the US economy's future in many posts on the social media site X.
Rather than explaining the current fall in bitcoin prices as a setback, he described it as an opportunity. He claimed in a post:
"Bitcoin has fallen down. Bitcoin is being traded. I'm purchasing. Why: Bitcoin is not the problem. Our financial system and our corrupt bankers are the problem."
US Economy in Crisis
"America is ruined. Our debt covers more than $230 trillion, such as the $36 trillion we spend on social programs like Social Security and Medicare. The US bonds we invest in are a farce. When countries like Japan and China quit buying US bonds, inflation will rise sharply, and the US economy and dollar will fall," he claimed.
These are some of the reasons why I smile and make extra purchases when Bitcoin collapses. Bitcoin is real money. Forgery is stealing. Anytime they go on trade, I'll exchange fake cash for silver, gold, and Bitcoin. The well-recognized author talked about inflation and its broader economic impacts in a different post.
The variation between 2% and 3% inflation, Kiyosaki claimed, is not a tiny modification but rather a 50% increase. He slammed economic leaders, criticizing them for being "incompetent," and led the global economy to slide into a recession. Kiyosaki said:
"Our leaders have no necessary skills. They have led to global recession."
Protecting Wealth with Bitcoin
He clarified the effects of a recession, warning that it would lower future prosperity despite impacting the current standard of living. He recommended that individuals spend in bitcoin, silver, and gold as a way to protect their financial security and decrease these risks. He offered a call to action at the end of his message, calling his followers to act instantly to save and improve their financial future.
His posts highlight his support for digital assets like Bitcoin and precious metals while showing his long-standing skepticism against fiat money and governmental policy. His message is still applicable to people who are afraid of inflation and unstable economies.
