Leading financial guru Robert Kiyosaki once made a strong statement in support of the flagship cryptocurrency, claiming that the US President understands the Power of Bitcoin.
According to a post on social media platform X by the renowned author of Rich Dad Poor Dad, he predicts that Donald Trump will, at some point during his term, start using Bitcoin to fix the financial problems bedeviling the US economy and pump the price of BTC in the process.
In his statement, Robert Kiyosaki called out individuals who have panicked and sold their Bitcoin during the current price downturn. The author called those individuals losers who he believes will soon regret their actions. According to him, it was a miscalculation for anyone who was selling BTC in the current market condition because many factors pointed to the great potential of the flagship cryptocurrency in the coming days.
Those Who Sold during the Crash are Losers
Kiyosaki revealed that he had taken advantage of the recent market correction to buy more Bitcoin from those selling quickly. On what he thought about the people selling their holdings, the author stated:
“People who sold BITCOIN in the last crash are LOSERS. Don’t they know who the President of the United States is? President Trump….the right President at the right time….understands the power of BITCOIN. When he begins buying BITCOIN to help solve America’s financial insanity….those who bought Bitcoin in the last crash will be the winners…. and those who sold will be the biggest LOSERS. I bought more Bitcoin.”
The US Dollar and Banking System are Bigger Scams
Addressing those who believe Bitcoin is a scam, Robert Kiyosaki suggested that the US dollar was more significant. The author backed up his statement by stating that the banking system defrauded everyone every time they received bailouts from the Federal Reserve once they lost money. In contrast, the ordinary person didn’t receive such a bailout when they lost their money. The author’s statement further read:
“Is BITCOIN a SCAM? It might be…. But not as big a scam as the US Dollar and the US Banking System…. Starting with the Fed. They are BANKSTERS… This criminal enterprise cannot last much longer. I predict a collapse of our financial system. Please protect yourself from the BANKSTERS. Buy real gold, silver, and Bitcoin. No gold, silver, or Bitcoin ETFS…. Which are banksters’ money.”
The problem is not BITCOIN.
Kiyosaki has consistently referred to fiat money as fake money and advised whoever can listen to consider investing in actual money, that is, assets. He says it’s why he thinks the current pullback is an excellent opportunity to buy hard assets that can survive any financial collapse. Robert Kiyosaki recently observed:
“The problem is not BITCOIN. THE PROBLEM is our Monetary System and our criminal bankers. America’s bankrupt. Our debt, including social programs such as Medicare and Social Security, and our $36 trillion debt, is over $230 trillion”.
Conclusion
Robert Kiyosaki believes the collapse of the traditional banking system is imminent. According to him, only particular assets will survive the looming financial disaster. He urges anyone to take advantage of any momentary drop to purchase assets like gold, silver, Bitcoin, and other precious metals.
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Frequently Asked Questions (FAQs)
What does Robert Kiyosaki say about Bitcoin?
Kiyosaki says, “Fake money is a thief,” and he’ll trade fake money for gold, silver, and Bitcoin anytime they go on sale.
What is Kiyosaki’s motivation for investing in Bitcoin?
Robert Kiyosaki invested in Bitcoin because he believed it could help protect against financial chaos and inflation. He also sees Bitcoin as a way to build wealth and achieve financial freedom.
What is Bitcoin a hedge for?
Due to its scarcity and decentralized nature, Bitcoin is an inflation hedge.
What is the relationship between Bitcoin and the dollar?
The US dollar index and the cryptocurrency market have an inverse relationship, meaning that when the dollar index goes up, the price of cryptocurrencies tends to decrease, and vice versa.
Appendix: Glossary of Key Terms
Bitcoin: A cryptocurrency designed to act as money and a form of payment outside the control of any one person, group, or entity.
Market downturn: A period where the overall value of cryptocurrencies is significantly declining.
Scam: A fraud scheme that tricks people into investing in fake projects.
Federal Reserve: The central bank of the United States, responsible for monetary policy and regulating the banking system.
References
The price predictions and financial analysis presented on this website are for informational purposes only and do not constitute financial, investment, or trading advice. While we strive to provide accurate and up-to-date information, the volatile nature of cryptocurrency markets means that prices can fluctuate significantly and unpredictably.
You should conduct your own research and consult with a qualified financial advisor before making any investment decisions. The Bit Journal does not guarantee the accuracy, completeness, or reliability of any information provided in the price predictions, and we will not be held liable for any losses incurred as a result of relying on this information.
Investing in cryptocurrencies carries risks, including the risk of significant losses. Always invest responsibly and within your means.
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