Robert Kiyosaki Endorses Bitcoin Over Fiat, Citing Network Effect

Robert Kiyosaki, the well-known author of "Rich Dad Poor Dad," has recently voiced his trust in Bitcoin as a superior financial asset compared to traditional fiat currencies. Kiyosaki's confidence in Bitcoin is rooted in its decentralized network structure, which he believes imparts intrinsic value beyond mere speculation or hype. He underscores that Bitcoin is a network, and its value increases with each new participant, a principle known as Metcalfe’s Law. This network effect is what makes Bitcoin a robust investment, according to Kiyosaki.

Kiyosaki cautions that many cryptocurrencies lack strong network support and are likely poor investments. He advises people to understand and follow what he calls the “laws of money,” stressing the importance of saving in real, tangible assets like Bitcoin instead of fiat. He highlights Gresham’s Law, which states that "bad money drives out good money," as a reason why savvy investors are shifting their wealth into scarce, high-value assets like gold, silver, and Bitcoin.

Kiyosaki's views resonate with those of other prominent figures in the financial world. Michael Saylor, the founder and chairman of a major technology company, has become one of Bitcoin’s most vocal corporate advocates. The company has acquired a significant amount of Bitcoin, further legitimizing it as a serious asset class. Kiyosaki notes that Saylor’s strategy aligns with his own: invest in assets that wealthy individuals would want to buy from you.

Kiyosaki has been forecasting major gains for Bitcoin for years, and he hasn’t backed down from his prediction that Bitcoin will reach $500,000. He believes that out-of-control inflation, growing global debt, and rising economic uncertainty make Bitcoin not just an investment but a financial refuge. Despite the volatility in the crypto market, institutional and retail demand for Bitcoin remains strong. The launch of spot Bitcoin ETFs has also made it easier for traditional investors to gain exposure to Bitcoin without the complexity of wallets and private keys.

Kiyosaki concludes his message by encouraging people to abandon “fake money” and build their savings in “good money,” scarce, decentralized assets that can’t be devalued by government policy. For him, Bitcoin represents financial freedom in a time of monetary instability.