Rich Dad Poor Dad author Robert Kiyosaki has urged investors to prepare for hyperinflation, emphasizing that bitcoin is “your best protection.” He perceives the cryptocurrency as “people’s money,” the value of which cannot be controlled by governments.
Robert Kiyosaki: Bitcoin Is Your Best Protection
The author of Rich Dad Poor Dad, Robert Kiyosaki, is advising investors to prepare for hyperinflation, emphasizing that he views bitcoin as the best protection. 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.
In a post on social media platform X on Sunday, Kiyosaki shared that he was “just in Germany to celebrate 100 years since 1923, the hyperinflation that brought Adolf Hitler to power.” He added: “Are we about to celebrate hyperinflation too? I hope not. Yet our government leaders are the most incompetent ever.”
The renowned author proceeded to recommend: “Study Germany and Zimbabwe’s hyperinflation and prepare.” Noting that “Food will always be valuable as will guns, gold, and silver,” he stressed:
Yet I believe bitcoin is your best protection because bitcoin is people’s money which means people control the value of bitcoin not our leaders.
This was not the first time the famous author has warned about hyperinflation. In September, he explained on X: “Many people think hyperinflation means prices are going up. It means the exact opposite. Hyperinflation means the purchasing power of your money is going going. Don’t be a loser. Buy gold, silver, & bitcoin and be a winner not a loser.”
Kiyosaki has been recommending gold, silver, and bitcoin for quite some time. He previously said that the three investments are the best for “unstable times.” He believes that they provide “lifelong financial security and freedom.” In April, Kiyosaki said “America is dying,” warning of the demise of the U.S. dollar.
The famous author is not alone in expressing concerns about hyperinflation. Former Twitter CEO Jack Dorsey predicted in 2021 that hyperinflation will soon happen in the U.S. and the world. Venture capitalist Balaji Srinivasan said in March that hyperinflation is happening now. Economist Peter Schiff has also sounded the alarm on the matter, stating last year that major Fed rate hikes risk hyperinflation.
Do you agree with Rich Dad Poor Dad author Robert Kiyosaki about bitcoin being the best protection against hyperinflation? Let us know in the comments section below.