On Saturday (14 January 2022), Robert Kiyosaki, the highly successful author of the “Rich Dad Poor Dad” series of personal finance books, commented on Bitcoin’s latest price action.
“Rich Dad Poor Dad“, which is one of the top 10 personal finance books of all time, “advocates the importance of financial literacy (financial education), financial independence and building wealth through investing in assets, real estate investing, starting and owning businesses, as well as increasing one’s financial intelligence (financial IQ) to improve one’s business and financial aptitude.”
At various times during the past three years, Kiyosaki has been criticizing the Federal Reserve’s response to the resulting economic fallout and strongly urging his large following on social media platforms to protect themselves from what he feels is inevitable high inflation (and possibly hyperinflation) in the future by using their fiat holdings to buy silver, gold, and Bitcoin.
Episode #263 of Anthony Pompliano’s “Pomp Podcast”, which was released on 7 April 2021, featured an interview with Kiyosaki.
During that interview, Pompliano asked for Kiyosaki’s thoughts on “traditional inflation hedge” assets.
“Gold and silver are God’s money. Bitcoin is open source people’s money.“
On 30 December 2022, Kiyosaki told his over 2.3 million followers that he is bullish on Bitcoin because unlike most other cryptoassets it is a commodity and therefore not impacted by future actions of the U.S. Securities and Exchange Commission (“SEC”):
In the past three days, according to data by TradingView, the $BTC price has surged from $17,436 to $20,647 (as of 11:41 a.m. UTC on 14 January 2023), which is a gain of 18.41% vs USD.
Well, earlier today, Kiyosaki called Bitcoin’s latest price rise “good news for those that know inflation is permanent.”