Robert Kiyosaki Advocates for Crypto as a Protective Asset

Insights on Crypto Investments

In a recent conversation on ‘The Rich Dad Channel’ podcast, Robert Kiyosaki, author of “Rich Dad Poor Dad,” endorsed the idea of investing in cryptocurrencies, particularly Bitcoin and Ethereum. He spoke about the dropping value of the US dollar and the looming danger of a market crash. Kiyosaki suggests that cryptocurrencies could serve as a buffer against the weakening traditional currencies.

The Hedge Against Market Volatility

The celebrated financial guru discussed with Andy Schectman, the head of Miles Franklin, the merits of digital currencies. Kiyosaki, while admitting his limited knowledge of Bitcoin, supports Ethereum and other stable investments like gold and silver. By saving in cryptocurrencies, investors can protect their wealth from inflation and unstable economic conditions. Over ten years ago, he began accumulating Bitcoin and has since diversified into Ethereum. Kiyosaki dismisses the need for comparison between Bitcoin and precious metals, stressing the importance of asset diversification.

Dissatisfaction with Fiat Currency

Expressing a loss of confidence in the US dollar, Kiyosaki points out the economy’s fragility due to massive debts. He indicates the start of a broader market crash and sees it as an opportunity for investors to grow wealthy by investing astutely. With ETH prices crossing the $3,000 mark, his messages on alternative investments resonate with both his podcast audience and social media followers.