For the famous writer of the book “Rich Dad, Poor Dad”, the US Federal Reserve (Fed) is destroying the purchasing power of the dollar, and people should buy Bitcoin.
With his best-selling book, Robert Kiyosaki has always been a fan of the topic of financial freedom, and more recently he has frequently defended Bitcoin, which, along with other assets, can be one of the main ways to obtain a store of value.
It is worth remembering that with the crisis of the last two years, central banks around the world have printed a lot of money to the market and the fear of a collapse of fiat money has been a frequent topic of conversation among critics of this practice.
“The Federal Reserve is destroying the dollar, buy Bitcoin”
Therefore, theories that hyperinflation could take over the world and drive people into poverty have taken hold of various theorists and investors. One of them is Robert Kiyosaki, author of Rich Dad Poor Dad.
Therefore, theories that hyperinflation could take over the world and drive people into poverty have taken hold of various theorists and investors. One of them is Robert Kiyosaki, author of Rich Dad Poor Dad.
WOW:Words of Wisdom: “There are a million paths to financial heaven and a billion paths to financial hell.”Fed and Treasury destroying the dollar sending billions of $ savers & uninformed to financial Hell. Go to financial heaven. Save gold, silver, & Bitcoin.
— therealkiyosaki (@theRealKiyosaki) February 2, 2022
Is Bitcoin a hedge against fiat currency inflation?
As Bitcoin is a decentralized currency with no government control, its money supply cannot be controlled by any entity and is restricted to 21 million units.
With this scarcity, many who study Bitcoin see it as a natural hedge against fiat currency inflation, issued by governments and printable whenever they want.
Therefore, it is important to study the fundamentals of Bitcoin’s monetary policy, as stated by Robert, which can be an important instrument of protection against inflation caused by governments.