Robert Kiyosaki Urges Investors to Choose Bitcoin Over Fiat Currency
Robert Kiyosaki, finance coach and author of *Rich Dad Poor Dad*, advises investors to choose Bitcoin over fiat currencies. He emphasizes the risks associated with centralized monetary policies.
Kiyosaki's Support for Ron Paul
- Kiyosaki endorses Ron Paul's call to end Federal Reserve operations.
- Paul criticizes central banks for setting interest rates, equating it to price fixing.
- He warns that this control could erode personal wealth and economic freedom.
Kiyosaki stated that "fake money" leads to widespread dishonesty in financial practices and relations. He advocates for investments in Bitcoin and precious metals as alternatives to fiat currency.
Ongoing Advocacy for Bitcoin
- Kiyosaki previously labeled the US dollar a "dying" currency due to government inflation.
- He has consistently promoted Bitcoin and precious metals as hedges against inflation.
- In late 2024, he warned of an impending global market crash, urging followers to buy Bitcoin and silver.
- He predicts Bitcoin may reach $250,000 by 2025, despite current market fluctuations.
Bitcoin Price Update
Bitcoin recently surged past $103,000, trading at approximately $103,696.53, marking a 0.65% increase in 24 hours. On-chain metrics indicate potential for further growth, possibly reclaiming its all-time high of $109,114.88.