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Robert Kiyosaki, the author of the best-selling book “Rich Dad, Poor Dad,” is urging for a shift towards Bitcoin BTC/USD as a crucial part of a diversified financial strategy.

What Happened: In a post on X, Kiyosaki emphasized the importance of preparing for economic uncertainty by investing in assets outside the traditional financial system.

He contrasts visible market crashes in stocks, bonds, or real estate with hidden banking crises, which can occur without public awareness.

Questioning the safety of relying solely on FDIC insurance, Kiyosaki suggests considering alternatives such as gold, silver and Bitcoin.

Rich Dad Lesson on Panics.

1: Panics in capital markets are visible. That means everyone knows when the stock, bond, or real estate markets are crashing.

2: Panics in banks are invisible. That means most people have no idea when their bank is in BANKRUPT.

That is why… — Robert Kiyosaki (@theRealKiyosaki) August 18, 2024

Over time, Kiyosaki’s perception of cryptocurrency has significantly evolved. Once viewed as a gamble, he now sees it as a store of value, on par with gold and silver.

He believes the current financial system is “corrupt” and becoming increasingly vulnerable, hence the need for tangible assets that are less likely to fail.

Kiyosaki also speculates that Bitcoin could be worth up to $1,000,000 in the future. By promoting Bitcoin, gold, and silver, he encourages individuals to shield their wealth from traditional banking risks and prepare for potential economic downturns.

Why It Matters: Kiyosaki’s endorsement of Bitcoin comes at a time when the cryptocurrency is gaining mainstream acceptance.

His views reflect a growing sentiment among investors that cryptocurrencies can serve as a hedge against economic uncertainty.

This shift in perception is crucial as it could potentially drive more people to consider Bitcoin and other cryptocurrencies as viable investment options.

‘Rich Dad Poor Dad' Author Robert Kiyosaki Questions Bitcoin ETFs' Authenticity: ‘ETFs Are Fake Gold, Silver, Or Bitcoin'

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