Rich Dad Poor Dad author Robert Kiyosaki has shared the reason why he owns bitcoin, stating that the cryptocurrency protects against "the theft of our wealth via our money." The famous author warned that the Federal Reserve, the government, and Wall Street bankers steal our wealth, specifically via inflation, taxation, and stock price manipulation.
Robert Kiyosaki Explains Why He Owns Bitcoin
The author of Rich Dad Poor Dad, Robert Kiyosaki, has explained why he owns bitcoin. Rich Dad Poor Dad is a 1997 book co-authored by Kiyosaki and Sharon Lechter. It has been on the New York Times Best Seller List for over six years. More than 32 million copies of the book have been sold in over 51 languages across more than 109 countries.
Kiyosaki explained in a post on social media platform X Tuesday:
Why I own bitcoin. Bitcoin is protection against the theft of our wealth via our money.
"Fed Chairman Powell, Treasury Secretary Yellen, and Wall Street bankers steal our wealth via our money, specifically via inflation, taxation, and stock price manipulation. That is why I save and invest in bitcoin, not stocks, bonds, and fake dollars," Kiyosaki added.
The acclaimed author consistently cautioned against the negative impact of the Federal Reserve, the Biden administration, and Wall Street bankers on the U.S. economy, the U.S. dollar, and the American populace. He calls fiat money "fake money" and has repeatedly warned about the demise of the U.S. dollar. In contrast, he calls bitcoin "people's money," while gold and silver are "God's money."
Last week, Kiyosaki slammed the U.S. court system, specifically taking issue with the judge presiding over former U.S. President Donald Trump's trial. He expressed concern about the judge's dual role as both a prosecutor and a judge. "If the judge is prosecuting attorney and the presiding judge, then the judge presides over a Kangaroo Court. America is finished if our courts are for Kangaroos," Kiyosaki opined. In a follow-up post, after the judge awarded $83.3 million against Trump, the Rich Dad Poor Dad author reiterated:
America is finished.
While the renowned author has consistently recommended bitcoin alongside gold and silver, he admitted during his Rich Dad podcast last week: "I know nothing about Bitcoin. I just know some very smart people are in it, and thank God I bought early." Earlier this month, he predicted that the price of bitcoin will soon hit $150,000.
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Source: Bitcoin.com
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