• Robert Kiyosaki, author of the personal finance book “Rich Dad, Poor Dad,” encourages investors to purchase gold, silver, and bitcoin.
• Kiyosaki attributes the growth of digital currencies to consumers’ worsening financial circumstances and endorses them as a sensible alternative to the present currency system.
• In the wake of the breakdown of the cryptocurrency exchange FTX, he stated that he still has faith in digital currencies and that they cannot be held responsible for the failure of FTX.
Robert Kiyosaki, famed entrepreneur and author of the personal finance book “Rich Dad, Poor Dad,” has been advocating for the purchase of gold, silver, and bitcoin for some time now. Kiyosaki has made it clear that he is an investor and not a trader in bitcoin, feeling ecstatic whenever the price of the most popular cryptocurrency drops. The financial guru has attributed the recent success of precious metals and digital currencies such as Bitcoin to consumers’ worsening financial circumstances and has expressed his endorsement for cryptocurrencies as a sensible alternative to the present currency system.
He recently made the claim that crypto traders will benefit more when the US Federal Reserve switches track and creates trillions of “fake” dollars. And, when the cryptocurrency exchange FTX filed for bankruptcy on November 11, prices of cryptocurrencies experienced a pronounced adverse reaction, leaving market observers to anticipate a far-reaching impact for the crypto community.
Kiyosaki, however, is still confident in digital currencies, affirming that this sort of asset cannot be held accountable for the failure of FTX. During the most recent episode of The Rich Dad Radio Show, he stated that the crypto, along with gold and silver, is one of the three “hottest topics on earth” today and is urging investors to take advantage of this situation.
Kiyosaki has long been a proponent of investing in digital currencies and believes that it is the smart thing to do. He believes that those who are willing to take the risk and invest in digital currencies stand to gain a lot more than those who stay away from it. He is also convinced that investing in crypto is a great way to diversify your portfolio and protect yourself against the potential risks that come with traditional investments.
Robert Kiyosaki knows that cryptocurrency and other digital assets are still in their infancy, but he does not believe that this means that they are any less viable. He is confident that these assets will continue to grow and appreciate in value, and is encouraging investors to take advantage of the current situation. With the right strategies and knowledge, he believes that anyone can benefit from investing in digital currencies.