Rich Dad Poor Dad Author Calls Bitcoin Insurance Against Corruption

Kiyosaki Advocates Bitcoin Against Corruption

On Friday, while speaking about the country’s present economical situation, the 76-year-old author and entrepreneur shared his thoughts on the current economic state of the country, painting a grim picture of a looming “crash landing”.

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Amidst rampant corruption and widespread incompetence, he touted the above-mentioned assets as the most reliable hedge against the impending crisis, emphasizing their ability to withstand volatile times — just like insurance policies.

robert kiyosaki bitcoin

Kiyosaki’s Multiple Warnings Of Economic Crisis

In his unrelenting criticism of the US government and the United States dollar, Robert Kiyosaki has many a time, described the currency as nothing more than “toilet paper” and even questioned its future status as the world’s reserve money. As reported earlier on CoinGape, Kiyosaki had previously brought attention to the inversion of the yield curve and how this phenomenon could lead to a recession.

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Earlier, the award-winning author also touched upon the US government’s plans for issuing a Central Bank Digital Currency (CBDC), which according to him is an invasion of privacy. Kiyosaki opines that the CBDC would serve as a gateway for tracking user activity, monetary spending and other covert operations by the government. Instead, he finds Bitcoin as a better alternative and predicts it to hit $100,000 by the year-end.

robert kiyosaki bitcoin

As things currently stand, the price of Bitcoin is exchanging hands at $26,945 which represents a drop of 0.70% in the past twenty-four hours as opposed to a gain of 2.31% recorded over the last seven days.

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