Robert Kiyosaki, the best-selling author of Rich Dad Poor Dad, believes that bitcoin investors will benefit when the Federal Reserve, the Treasury, and Wall Street pivot and print trillions of dollars.
According to Kiyosaki, people who own gold, silver, and bitcoin will make more money when interest rates start to drop. He also said “Fake money savers will be the biggest losers”.
In 1997, Kiyosaki and Sharon Lechter co-authored Rich Dad Poor Dad, a book that has remained on the New York Times Best Seller List for over six years. More than 32 million copies of the book have been sold in more than 51 languages and 109 countries.
Since its publication, Kiyosaki has written over 15 books that have made him one of the most recognizable and sought-after financial advisors in the world. He often warns readers that money is not the same as wealth, and that the rich don’t work for money but make money work for them.
He encourages people to understand the difference between an asset and a liability, and to learn how to use money and investments to generate cash flow. He stresses the importance of financial literacy, advocating for an entrepreneurial approach to creating wealth that involves taking risks and building multiple streams of income.
Recently, he said cryptocurrency was not responsible for the collapse of the crypto exchange FTX, emphasizing that bitcoin was not the issue. In April, Kiyosaki said he was not a trader but an investor in bitcoin, and he gets excited when bitcoin hits a new bottom. He called former FTX CEO Sam Bankman-Fried the Bernie Madoff of crypto.
