Bitcoin is required to protect from financial meltdown

Robert Kiyosaki, the renowned financial educator and author of “Rich Dad Poor Dad” has listed Bitcoin together with other assets as a hedge in times of national financial crisis.

Bitcoin is Alternative Against Financial Meltdown

The popular author has always been a core promoter of the diversification of investors’ portfolios, especially in the face of economic meltdown. This time, he highlighted the surge in national debt since the start of the latest NFL football season, citing that the debt has risen by another trillion dollars. 

Consequently, he urged investors to plunge their funds into the acquisition of gold, silver, and Bitcoin. In his opinion, this move will protect investors from “our financially corrupt and incompetent leaders.” 

Since the start of the latest NFL football season the national debt has gone up another $ trillion. WTF. Please buy more gold, silver, and Bitcoin. Take care. Protect your self from our financially corrupt and incompetent leaders.

— Robert Kiyosaki (@theRealKiyosaki) January 13, 2024

This would not be the first time Kiyosaki is promoting BTC as an alternative investment that thrives amid financial chaos. 

Around November 2023, he strongly advocated Bitcoin buying citing that hyperinflation was looming over America with the potential to make the country one of the poorest. It is worth noting that this is the same view held by Michael Saylor, another major Bitcoin advocate. 

BTC’s Appeal to Investors

Bitcoin may have successfully proven itself to be a great store of value. Kiyosaki once outlined its unique position as a decentralized cryptocurrency, adding that its value is controlled by the people and not the government leaders. According to proponents, Bitcoin also serves as a safeguard against central bank actions. 

Prominent crypto research firm Messari recently described the flagship cryptocurrency as the “Godzilla of Finance”, underscoring the profound and disruptive nature of Bitcoin in reshaping traditional notions of money and investment. With the SEC’s nod in support of the spot Bitcoin ETFs, it is expected that the market will become more favorable towards Bitcoin in the coming days.

There are predictions that the coin could reach new levels as predisposed to the launch of several Bitcoin ETFs as well as the upcoming halving event. The “Rich Dad Poor Dad” author sees Bitcoin going as high as $150,000 soon

Prior to this latest forecast, in October 2023, Kiyosaki’s prediction for BTC was capped at $135,000 but overall, the coin is currently fluctuating between $42,000 and $43,000.

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Benjamin Godfrey is a blockchain enthusiast and journalists who relish writing about the real life applications of blockchain technology and innovations to drive general acceptance and worldwide integration of the emerging technology. His desires to educate people about cryptocurrencies inspires his contributions to renowned blockchain based media and sites. Benjamin Godfrey is a lover of sports and agriculture. Follow him on Twitter, Linkedin

The presented content may include the personal opinion of the author and is subject to market condition. Do your market research before investing in cryptocurrencies. The author or the publication does not hold any responsibility for your personal financial loss.