The famous author of the best-selling book Rich Dad Poor Dad, Robert Kiyosaki, says he likes bitcoin, calling the cryptocurrency “people’s money.” While admitting that he does not know much about bitcoin, he said: “I’m just glad I bought it at six.”
Robert Kiyosaki Says Bitcoin Is ‘People’s Money’
The author of Rich Dad Poor Dad, Robert Kiyosaki, talked about bitcoin while discussing “Why cash is trash in 2023” during his Rich Dad Radio Show podcast published on Wednesday. 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.
During the podcast, Kiyosaki called gold, silver, and bitcoin “the hottest subject on the market today,” noting that real estate is no longer a hot topic. Emphasizing that the U.S. dollar is “fake money,” the famous author said:
I like Bitcoin. I call it people’s money. Now I don’t know much about Bitcoin, but I’m just glad I bought it at six. That’s all I know right now.
Kiyosaki previously said he bought bitcoin at $9K. “I bought bitcoin at $9,000 and I thought I was being fleeced but the reason I bought it at $9,000 was because Covid shut down the world economy,” he told Kitco News in April 2021. “I think it’s going to $1.2 million in five more years,” he predicted at the time.
The Rich Dad Poor Dad author recently said that he is buying more BTC. Last year, he explained why he invests in bitcoin, noting that he’s an investor, not a trader, so he gets excited when the price of bitcoin hits a new low.
Kiyosaki has been recommending bitcoin alongside gold and silver for quite some time. Last week, he discussed why the three investments are rising higher.
He expects bitcoin investors to get richer when the Federal Reserve pivots and prints trillions of dollars. In September last year, he urged investors to get into crypto now before the biggest economic crash in world history happens. However, he also warned that the U.S. Securities and Exchange Commission (SEC) will crush most cryptocurrencies.
Meanwhile, the renowned author said that “we are in global recession,” warning of soaring bankruptcies, unemployment, and homelessness.
What do you think about Robert Kiyosaki saying he likes bitcoin and calling the cryptocurrency “people’s money”? Let us know in the comments section below.
A student of Austrian Economics, Kevin found Bitcoin in 2011 and has been an evangelist ever since. His interests lie in Bitcoin security, open-source systems, network effects and the intersection between economics and cryptography.
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