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 <p class="paragraph">Although Robert Kiyosaki, a renowned investor and author of the best-selling personal finance book <em>‘Rich Dad Poor Dad,’ </em>recently said he knew nothing about Bitcoin (BTC), he did explain why he actually had the flagship decentralized finance (DeFi) asset in his possession.</p> 
 <p class="paragraph">As it happens, Kiyosaki said he owned Bitcoin as “protection against the theft of our wealth via our money,” particularly from the United States Federal Reserve Chairman Jerome Powell, Treasury Secretary Janet Yellen, and Wall Street bankers, according to his X post published on January 31.</p> 
 <p class="paragraph">Specifically, he voiced his opinion that those individuals were trying to carry out this nefarious mission through “inflation, taxation, &amp; stock price manipulation,” which is why he saves and invests in the maiden cryptocurrency and not in “stocks, bonds, and fake dollars.”</p> 
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    <p lang="en" dir="ltr">Why I own Bitcoin. Bitcoin is protection against the theft of our wealth via our money. Fed Chairman Powell, Treasury Secretary Yellin, and Wall Street bankers steal our wealth via our money, specifically via inflation, taxation, &amp; stock price manipulation. That is why I save…</p>— Robert Kiyosaki (@theRealKiyosaki) January 31, 2024
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 <h2 class="wp-block-heading" id="h-1-inflation">#1 Inflation</h2> 
 <p class="paragraph">Indeed, inflation has been one of Kiyosaki’s main concerns, considering he has been warning about systemic inflation – “a tax that you didn’t vote for” – and the possibility of hyperinflation in the US for a long time, pointing out that it was not what many people think it is – prices going up.&nbsp;</p> 
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        Cryptocurrency 
       <h3 class="font-bold leading-6 " id="rich-dad-robert-kiyosaki-admits-he-knows-nothing-about-bitcoin"> 'Rich Dad' Robert Kiyosaki admits he knows 'nothing about Bitcoin' </h3> 
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 <p class="paragraph">In his view, it actually means the opposite – the decline of the purchasing power of money. Therefore, he recommends stockpiling Bitcoin, silver, and gold&nbsp; as much as possible to protect oneself against the upcoming crash and “be a winner, not a loser.”&nbsp;</p> 
 <h2 class="wp-block-heading" id="h-2-taxation">#2 Taxation</h2> 
 <p class="paragraph">Secondly, in his famed book, <em>‘Rich Dad Poor Dad,’ </em>the finance educator explained the unfair tax advantage of a corporation to the individual, as a corporation pays expenses before paying taxes, while an employee pays the tax first and then the expenses on what is left and has to live off of that.</p> 
 <p class="paragraph">On top of that, Kiyosaki has cautioned about taxation when it comes to real estate, stressing that Marxists, who “took over the US in the 2020 election (…) will raise property taxes, impose rent controls, as rising interest rates decrease property values.”</p> 
 <h2 class="wp-block-heading" id="h-3-stock-price-manipulation">#3 Stock price manipulation</h2> 
 <p class="paragraph">Finally, he is concerned about stocks and their possibly artificially controlled prices, arguing since 2020 that there was significant manipulation in the stock market, calling it “the biggest fake” considering it went “up 1,500 points in five seconds and come down 1,000 points in five seconds.”</p> 
 <p class="paragraph">More recently, he singled out the S&amp;P 500 index, the crash of which he believes will wreak havoc and snuff out millions in retirement plans, as well as declared that traditional investors, who typically allocate 60% of their portfolios to bonds and 40% to stocks, would face significant losses in 2024.</p> 
 <h2 class="wp-block-heading" id="h-conclusion">Conclusion</h2> 
 <p class="paragraph">All things considered, Kiyosaki’s reasoning behind accumulating Bitcoin seems sound, particularly as the crypto asset has recently surpassed the $43,000 price level. However, it is important to remember that all investments carry risks, which is why carrying out one’s own research is essential.</p> 
 <p class="paragraph"><em>Featured image via Ben Shapiro’s YouTube.</em></p> 
 <p class="paragraph"><strong><em>Disclaimer:</em></strong><em> The content on this site should not be considered investment advice. Investing is speculative. When investing, your capital is at risk.</em></p> 
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<p>Source: <a rel="dofollow" target="_blank" href="https://thebittimes.com/robert-kiyosaki-reveals-3-reasons-why-he-owns-bitcoin-tbt78336.html">https://thebittimes.com/robert-kiyosaki-reveals-3-reasons-why-he-owns-bitcoin-tbt78336.html</a></p>

Robert Kiyosaki reveals 3 reasons why he owns Bitcoin

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