The famous book author and financial educator Robert Kiyosaki has taken advantage of every opportunity to advocate for hard assets like Bitcoin, Gold, and Silver in the last many years. More importantly, he has actively advised the readers to invest their hard-earned money in these, not the US dollar or fiat, as that is fake, making people poorer over time. Even in cryptocurrencies, Robert has never talked of any other digital asset than BTC, confirming his trust in this token only. Interestingly, in a recent X post, he revealed the answer to why he loves it so much.
Why does Robert Kiyosaki Love Bitcoin?
Robert Kiyosaki has always claimed that fiat is fake and is pushing people towards a poorer lifestyle. He says that fiat is keeping people poor, and if they could get out of the traditional financial system and invest in Bitcoin and other hard assets, they would grow rich. His most recent post also focused on this, appealing to the readers to make the right investment decision. He pointed out the major difference between BTC and the dollar and why they should invest in the first.
BTC is not under any government’s control, and its total quantity is limited, so there is a higher possibility of growth. As the US government or any third party could not print more Bitcoins, it is maintaining a scarcity. As a result, its value and demand are constantly rising in the market.
WHY I LOVE BITCOIN: When I save FAKE fiat US dollars I grow poorer.
When I save Bitcoin I grow richer.
That’s why I love Bitcoin.
— Robert Kiyosaki (@theRealKiyosaki) October 30, 2024
Many other reasons, including its limited supply, have helped the BTC price grow by 63% YTD, currently valued at $69.7K. However, the same growth is not possible in the case of the dollar. The biggest reason behind this is the US government printing more money instead of tackling issues like rising debt and inflation. It makes BTC a more favorable investment option than keeping fiat.
Robert Kiyosaki also expressed concerns over the rising US debt earlier, predicting that the future generation will struggle to pay. This is why he loves Bitcoin, as it preserves his wealth and helps him grow richer.
US Election and Bitcoin’s Future
As the US presidential election is just around the corner, the battle is fierce between ex-president Donald Trump and Vice President Kamala Harris. Earlier, he was winning the Trump-Harris polls on the Polymarket with a huge margin, but the difference has gotten shorter today. With that, the netizens are active and continuously supporting their desired candidates.
Here, Robert Kiyosaki has also decided his side, but in a recent post, he clarified that he is supporting financial independence and voting for The Bitcoin Standard, not the person.
When money is abundant….then products of life …. Become plentiful and inexpensive.
That is why I love Bitcoin and life.
When money becomes scarce and expensive….so does the price of life and the abundances of life.
I support the Bitcoin Standard of life…. Because I…
— Robert Kiyosaki (@theRealKiyosaki) November 2, 2024
With this, he has revealed that his vote is not about the political figure but what they support. This year, Donald Trump has become a pro-crypto supporter and promised to build the right future for this technology, and industry leaders like Robert and Elon Musk are supporting him. With this post, he again clarified why he loves BTC, saying that, “when money is abundant, the products of life become more plentiful and expensive and vice versa.”
Why Does Robert Kiyosaki’s Perspective Matter?
Robert has been sharing financial advice for decades, but this is more than just sharing views. Instead, he is introducing netizens to other assets and options. Interestingly, not many of these Robert Kiyosaki predictions have come true, but many will agree that digital assets are the future of the financial market. However, this might not happen just instantly, as the world and government agencies are slowly opening to accepting this idea.
In his recent posts, he has mentioned the things that make Bitcoin a suitable investment option, especially considering its 63% YTD growth rate. However, he is not the only one with this perspective, as others like Bitwise CIO will agree on the same. This is why the Crypto investors are eyeing US elections, as this could boost the market to new highs.
The post Robert Kiyosaki Loves Bitcoin For One Specific & Simple Reason appeared first on CoinGape.
