Renowned author and financial educator Robert Kiyosaki believes that Bitcoin is the “best protection” against hyperinflation because it is people’s money. Known for his book ‘Rich Dad Poor Dad,’ Kiyosaki has been warning about a potential financial collapse, particularly in the United States. He recently drew a historical comparison on X (formerly Twitter), urging his followers to consider Bitcoin as a means of safeguarding against hyperinflation.
Kiyosaki expressed concerns that the US could be on the brink of a situation similar to Germany a century ago when hyperinflation contributed to Adolf Hitler’s rise to power. He described the government as the “most incompetent ever” and advised readers to study hyperinflation in Germany and Zimbabwe. In the midst of his warnings, he praised Bitcoin for its decentralized nature and called it the “best defense” due to the people’s control over its value.
“Food will always be valuable as will guns, gold, and silver. Yet I believe Bitcoin is your best protection because Bitcoin is People’s money which means people control the value of Bitcoin not our leaders.” – Robert Kiyosaki
This echoes Kiyosaki’s earlier statements in October where he emphasized that hyperinflation signifies a decline in the purchasing power of money rather than simply rising prices. He advised his followers to invest in gold, silver, and Bitcoin, positioning themselves as winners amidst the potential collapse of the “American Empire” as more countries rejected the US dollar as the global reserve currency.
As of now, Bitcoin is trading at around $37,200, reflecting a 1.6% increase over the past day. It has gained over 24% in the past month and more than 120% year-to-date (YTD). Kiyosaki has been a long-time advocate of Bitcoin and prefers it over other altcoins. He believes Bitcoin, like gold and silver, is classified as a commodity, while other altcoins are classified as securities and are susceptible to SEC regulations.
Kiyosaki also continues to make bold predictions about the price of Bitcoin. In February, he forecasted that the Bitcoin price will skyrocket to $500,000 by 2025. In contrast, he predicts the depreciation of fiat currencies, including the US dollar, due to extensive monetary injections into the economy resulting in rampant inflation.
