Robert Kiyosaki Urges Buying Bitcoin Amid Fed Criticism

Robert Kiyosaki, the renowned author of “Rich Dad Poor Dad” and a well-respected figure in financial education, has openly criticized the U.S. Federal Reserve (Fed) while promoting Bitcoin, gold, and silver as preferable investment alternatives. Robert Kiyosaki, who has a following of over 2 million on the platform X, previously known as Twitter, has been vocal about his skepticism towards the U.S. central bank’s policies, which he believes have detrimental effects on the economy and exacerbate wealth inequality.

Robert Kiyosaki’s Stance on Bitcoin vs. the Federal Reserve

Robert Kiyosaki’s recent communications have underscored his belief that Bitcoin is a more reliable asset than the trust placed in the Federal Reserve. On February 15, he expressed concern over the Fed’s impact on the U.S. economy, stating that its actions have led to a decline in the financial well-being of the poor and middle class while allegedly benefiting wealthy banking institutions. This critique comes amidst a backdrop of rising Bitcoin values, with the cryptocurrency experiencing an 8% increase over the past week, reaching $51,802.

“Don’t Fight the Fed?” I say “F the Fed.” Buy gold, silver, Bitcoin.

— Robert Kiyosaki (@theRealKiyosaki) February 17, 2024

The financial educator advises his followers to divert their attention from the Federal Reserve’s activities and statements and consider Bitcoin a safer investment haven. This viewpoint aligns with a broader narrative among Bitcoin proponents who regard the digital currency as “digital gold,” a term that reflects its perceived value as a secure asset in uncertain economic times.

Market Movements and Bitcoin’s Growth

Kiyosaki’s predictions about Bitcoin’s potential growth are informed by recent trends in the banking sector, where there’s a noticeable shift away from U.S. Treasuries towards gold, suggesting a future decrease in gold prices to below $1,200. This shift is anticipated further to fuel Bitcoin’s ascent in the financial markets. Additionally, the significant inflows of Bitcoin into spot Exchange-Traded Funds (ETFs), particularly those managed by BlackRock and Fidelity, have contributed to the cryptocurrency’s rapid price increase. On a single day, these inflows reached a record high of $701 million, indicating strong investor confidence in Bitcoin.

The surge in Bitcoin’s value is attributed to various factors, including its growing acceptance as a legitimate investment option and the increasing interest from institutional investors. The substantial investments in Bitcoin by prominent ETFs testify to the cryptocurrency’s solidifying status in the investment world, further validating Kiyosaki’s endorsement of Bitcoin as a viable alternative to traditional financial systems influenced by central bank policies.

Read Also: Bitcoin Freedom: 3 US States Step Up To Defend BTC Rights Amid Bullish Outlook

✓ Share:

Maxwell is a crypto-economic analyst and Blockchain enthusiast, passionate about helping people understand the potential of decentralized technology. I write extensively on topics such as blockchain, cryptocurrency, tokens, and more for many publications. My goal is to spread knowledge about this revolutionary technology and its implications for economic freedom and social good.

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.