Robert Kiyosaki Advocates Bitcoin as Protection Against Fiat Currency Instability

Robert Kiyosaki, the author of "Rich Dad, Poor Dad," has used a quote from America’s first president, George Washington, to advocate for Bitcoin. Kiyosaki compares Bitcoin to Washington’s warnings about the dangers of paper money, positioning Bitcoin as a modern solution to the economic instability that Washington foresaw. Washington’s quote, which condemns paper money as a mechanism that would inevitably “ruin commerce, oppress the honest, and open a door to every species of fraud and injustice,” serves as a historical validation for Kiyosaki’s predictions about the U.S. dollar. Kiyosaki argues that government-controlled currencies are designed to lose value through inflation, eroding the wealth of ordinary citizens. In this context, he views Bitcoin not merely as a speculative asset but as essential protection against systemic financial instability.

Kiyosaki’s belief in Bitcoin is deeply rooted in his personal investment experience. He recalled purchasing his first Bitcoin at $6,000, a price he initially thought was high. However, with Bitcoin now trading around $107,000, Kiyosaki remains firm in his conviction that Bitcoin is not yet “too expensive.” He continues to buy more Bitcoin, emphasizing his long-term strategy that even at much higher prices, the cryptocurrency will continue to be a valuable asset. Kiyosaki even suggests that, if Bitcoin exceeded $1 million per coin, he would still be purchasing it, highlighting the need to act before prices escalate further.

Kiyosaki’s approach to Bitcoin investment is a classic “buy and hold” strategy. He advises his followers that owning even a fraction of a coin, such as 0.01 BTC, could be immensely valuable in the coming years. This philosophy is supported by other prominent Bitcoin advocates, who recognize Bitcoin’s ability to protect wealth against the risks associated with fiat currency systems. Kiyosaki’s long-term investment strategy in Bitcoin is not just about financial gain but also about safeguarding against the potential collapse of traditional financial systems. By framing Bitcoin as a timeless asset, Kiyosaki aims to inspire confidence in the cryptocurrency’s enduring value and its role in protecting against the inherent instability of fiat currencies.