‘Rich Dad Poor Dad’ author Robert Kiyosaki has again made a case for Bitcoin and also Ethereum as a hedge against inflation. This came as he advised investors to ditch fiat and move to save their money in BTC or ETH.
Bitcoin and Ethereum Are Real Money, Kiyosaki Says
In an X post, the renowned author urged investors to save “real money” such as BTC, ETH, gold, and silver rather than fake government money. Kiyosaki remarked that while he is happy that these assets are going up, his concern is that inflation is making life harder on the poor and middle class.
In line with this, he advised investors to do their best not to be victims of a “broken and corrupt monetary system.” He added that government money is “fake money” and that while it makes the rich richer, it unfortunately makes the poor poorer. This is why he believes investors should hold assets like Bitcoin and Ethereum rather than fiat.
This isn’t the first time Kiyosaki has advised investors to hold assets like BTC and ETH rather than fiat. Last month, the ‘Rich Dad Poor Dad’ author cited the major bond market collapse in America, Britain, and Europe as a reason why investors should pivot to these alternative assets.
Max Keiser Echoes a Similar Sentiment
Bitcoin maximalist Max Keiser also recently echoed a similar sentiment, alluding to a 2021 X post from Twitter’s founder, Jack, who said Hyperinflation was going to change everything. Keiser stated that Jack was right and that what the market is seeing in gold and BTC is proof.
Notably, the BTC price and gold have reached new highs recently as part of a ‘debasement trade’ with investors hedging against inflation and other macro uncertainties. Bitcoin rallied above $126,000 earlier this month before its recent pullback amid a broader crypto market crash.
Keiser advised investors to stop arguing over gold and BTC and focus on taking their safe haven asset, BTC, and preserving it. Despite his earlier remarks, he reminded investors that gold and silver are “easily confiscated,” while Bitcoin is “unconfiscatable,” suggesting it is a better safe-haven asset than the precious metals.
Source: https://coingape.com/robert-kiyosaki-calls-bitcoin-and-ethereum-real-money/
