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Robert Kiyosaki advocates for Bitcoin in light of soaring US debt

Robert Kiyosaki advocates for Bitcoin in light of soaring US debt

CryptopolitanCryptopolitan2024/08/24 16:00
By:By Nellius Irene

Share link:In this post: Robert Kiyosaki, author of “Rich Dad Poor Dad,” has raised alarms about the rapidly increasing US national debt. Kiyosaki urges Americans to invest in Bitcoin, gold, and silver to protect themselves from economic instability. The author also pointed out that many banks might be insolvent, but the public is unaware.

Robert Kiyosaki has cautioned about the rising US debt. The author of “Rich Dad Poor Dad,” claims the United States accrues roughly $1 trillion in debt every 100 days.

In his recent posts on X, the New York Times best-selling author recommended people invest in gold, silver, and Bitcoin to guard themselves from economic instability.

Kiyosaki recommends Bitcoin as hedge against economic instability

On August 21 , Robert Kiyosaki called attention to the rising national debt, stating that the United States is accumulating $1 trillion in debt every 100 days. He illustrated the enormity of this figure by stating that one trillion seconds equates to over 31,688 years. He then recommended a shift to Bitcoin and commodities like gold and silver. At the time of this writing, The US national debt stood at $35.21 trillion .

On August 18 , Kiyosaki shared a “Rich Dad” lesson on panics via the X platform, highlighting the visible distress in current capital markets. He pointed out the failing stock, bond, and real estate markets and warned that the public remains unaware of banks’ insolvency, describing these banking panics as “invisible.”

See also Vitalik Buterin makes a case for the power of plurality in crypto

In an earlier post on August 16 , Kiyosaki urged the public to take control of their financial future by seeking their own solutions rather than relying on the Federal Reserve. He encouraged people to safeguard their wealth by purchasing gold, silver, and Bitcoin.

He urged a shift in investments toward Bitcoin and gold, stating, “That is why there is FDIC insurance. If your bank goes bust, up to $250k of your savings are safe. WHY take the chance? Why not get most of your savings out of the corrupt banking system and save gold, silver, and Bitcoin? WHY be a victim of a bankrupt money system? WHY not get smart and keep some of your money in real money…Gold, silver, and Bitcoin?”

Kiyosaki’s book, co-authored with Sharon Lechter in 1997, remains a popular title in the personal finance category. It was a New York Times Best Seller for over six years, selling over 32 million copies in 51 languages across 109 countries.

See also CluCoin founder pleads guilty to wire fraud
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Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

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