"I really like Robert Kiyosaki with BTC, his confidence never collapses."
Robert Kiyosaki, the famous author of 'Rich Dad Poor Dad' who is a strong supporter of the cryptocurrency Bitcoin (BTC) has gained attention after revealing his investment strategy on X's social media account.
He prioritized BTC investment over traditional assets such as stocks, bonds and fiat currencies following the digital asset's not only decentralized nature but also its resistance to inflation including its safer role.
Immediately after emphasizing his strategy, Kiyosaki criticized Federal Reserve (Fed) Chairman Jerome Powell for his involvement in reducing wealth through practices such as inflation, taxation and stock price manipulation.
Considering that BTC is comparable to gold and silver and is a very important financial instrument, Kiyosaki strongly believes in BTC's long-term potential not merely as a speculative asset but as a pure store of value.
In addition to speculating that BTC could reach $1 million in a global economic downturn, he also predicted that its price would reach $120,000 this year and then half a million United States (US) dollars by 2025.
In November 2023 amid rising prices of precious metals, Kiyosaki advised his 2.4 million followers on social media to move away from fiat currencies he labeled as fake money systems to alternative assets such as gold, silver and BTC.
Not only that, he also expressed his continued commitment to exchange his fiat assets for BTC and precious metals arguing that the government's actions would eventually lead to war and poverty.
