Rally

World

Bitcoin

MAGA

Renowned author and Bitcoin Protagonist, Robert Kiyosaki, famed for his bestselling book ‘Rich Dad Poor Dad,’ has sounded the alarm about an impending financial collapse. Kiyosaki draws parallels with history and urges followers to turn to Bitcoin as a safeguard.
In his recent podcast interview, he remarked that America is going to be the poorest country in the world. Adding that the event has already started, he stated that people who work for fiats like the Dollar, Yen, Pesos, and Rupee are all mindless.
While addressing all fiat as “fake,” Kiyosaki defined gold as God’s money and <a href="https://coingape.com/glossary/bitcoin/" target="_blank" rel="noopener noreferrer nofollow">Bitcoin</a> as people’s money when discussing wealth. The remarks came after the <a href="https://coingape.com/fed-minutes-release-anticipation-casts-shadow-on-crypto-market/" target="_blank" rel="noopener noreferrer nofollow">Fed minutes were released</a> on Tuesday.
<h2 id="robert-kiyosaki-hyperinflation-will-soon-hit-the-world">Robert Kiyosaki: Hyperinflation Will Soon Hit The World</h2>
In a recent X post, Kiyosaki expressed awe at growing inflationary prices, empathizing with individuals living paycheck to paycheck. He was harsh in his criticism of “Woke” leaders. Instead, he labeled them Marxists rather than capitalists.
In his previous post, Kiyosaki cautioned that the growth of hyperinflation in Germany 100 years ago resulted in the rise of Adolf Hitler. He prompted concerns about a possible repeat of history in the United States.
Amidst his warnings, Kiyosaki highlighted the importance of investing in assets like gold, silver, and <a href="https://coingape.com/glossary/bitcoin/" target="_blank" rel="noopener noreferrer nofollow">Bitcoin</a>. He underlined Bitcoin’s unique position as a decentralized <a href="https://coingape.com/glossary/cryptocurrency/" target="_blank" rel="noopener noreferrer nofollow">cryptocurrency</a>, asserting that its value is controlled by the people, not government leaders.
In a move that aligns with his long-standing financial advice, Kiyosaki urged his followers to stock up on these assets.&nbsp; He believes that gold, silver, and Bitcoin can save people from potential economic downturns.
Also Read: <a href="https://coingape.com/whale-transfers-over-43-mln-xrp-amid-price-surge-rally-to-continue/" target="_blank" rel="noopener noreferrer nofollow">Whale Transfers Over 43 Mln XRP Amid Price Surge, Rally To Continue?</a>
<h2 id="gold-silver-and-defi-amid-inflation-woes">Gold, Silver, and DeFi Amid Inflation Woes</h2>
Recently, Kiyosaki has expanded his financial suggestions. This includes not just gold and silver but also <a href="https://coingape.com/glossary/decentralized-applications-dapps/" target="_blank" rel="noopener noreferrer nofollow">decentralized finance (DeFi)</a> assets. He lauded DeFi as a safeguard against central banks’ actions, suggesting that these institutions were turning to gold to restore their reputation in the face of perceived failure.
Amid his post, Kiyosaki introduced a political element to his financial discourse by endorsing MAGA. The MAGA movement embraces a hyper-deflationary token known as MAGA.
Kiyosaki urged his followers to support MAGA, a token aligned with the political movement. The token aims to bridge the gap between politics and cryptocurrency.
In a nutshell, Kiyosaki’s perception is that everyone should gain financial freedom. According to him, investing in valuable assets like gold, silver, and Bitcoin could be a hedge against <a href="https://coingape.com/education/what-is-inflation-what-causes-it-and-its-effects-4-examples-of-inflation/" target="_blank" rel="noopener noreferrer nofollow">inflation</a>.
Also Read: <a href="https://coingape.com/kraken-jesse-powell-reacts-to-binance-plea-urges-responsible-crypto-practices/" target="_blank" rel="noopener noreferrer nofollow">Kraken’s Jesse Powell Reacts To Binance Plea, Urges Responsible Crypto Practices</a>
The post <a rel="noopener noreferrer nofollow" href="https://coingape.com/robert-kiyosaki-sees-bitcoin-as-savior-amid-inflationary-pressures/">Robert Kiyosaki Sees Bitcoin As Savior Amid Inflationary Pressures</a> appeared first on <a rel="noopener noreferrer nofollow" href="https://coingape.com">CoinGape</a>.

Robert Kiyosaki Sees Bitcoin As Savior Amid Inflationary Pressures

Table of Contents

Coingape News Media

Other articles published on Nov 23, 2023

FTT Token Witnesses Over 20% Surge Amidst Recent Developments

Building Wealth with Cryptocurrency: Focusing on Polygon, Stellar, and SPCT

Netflix director allegedly YOLOs $4m of allocated series budget on Dogecoin

Web3 Builders Look to Alternate Growth Model with BNB Chain as Bear Market Funding Drops by 84%

DoJ urges judge to require Binance’s Zhao to stay in the U.S. before sentencing

Arianee (ARIA20) Price Prediction 2024, 2025, 2030, 2040, and 2050

Join our free newsletter for daily crypto updates!