Famous financial writer and investor Robert Kiyosaki once again targeted traditional financial institutions with a series of posts on social media. He also emphasized that he believes central banks prioritize protecting the interests of banks rather than the public. He also highlighted Bitcoin, the largest cryptocurrency. Here are the details…
Kiyosaki defended cryptocurrency
Kiyosaki, known for his best-selling book ‘Rich Dad Poor Dad’, claims that central banks, including the US Federal Reserve, are not focused on protecting the average person, but instead financial institutions are trying to protect themselves. He argues that central banks hoard gold to protect themselves from perceived mismanagement, not as a guarantee of fiat money safety.
Encouraging his followers to be proactive in securing their financial future, Kiyosaki recommends investing in ‘real assets’ such as gold, silver and Bitcoin (BTC). He argues that these assets provide protection against what governments perceive as propensities for war and poverty. In a tweet, Kiyosaki emphasizes the importance of moving away from traditional currencies and towards fixed assets and says:
I keep buying more gold, silver, and Bitcoin because our leaders want more war and poverty. Work hard, spend wisely and accumulate gold, silver and Bitcoin. Our leaders don’t care about you. So please take care of yourself and the people you love.
Kiyosaki has talked about gold, silver and BTC before
Kiyosaki also noted that the rich prefer tax-free assets to fiat currencies. Because he explains that money is designed to devalue in various ways. Kiyosaki said, “Rich people don’t work for cash. You ask why? Because our wealth is designed to be stolen from our fake money through taxes, inflation and the stock market. “The rich instead work for assets that put tax-free money in their pockets…cash-flowing assets like rental properties, oil and food production,” he said.
Kiyosaki’s statements; It echoes previous claims that the wealthy are prioritizing assets such as rental properties, gold, silver and Bitcoin over traditional fiat currencies. According to Kiyosaki, these assets provide a tax-free source of income, protecting individuals from currency depreciation through taxes, inflation and stock market fluctuations. As the crypto market continues to evolve and Bitcoin is currently trading at $37,013. On the other hand, Kiyosaki’s defense of decentralized finance assets such as Bitcoin remains a focus. The investor’s warnings about the potential dangers of relying on traditional financial systems come in line with his previous statements.
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