Kiyosaki Pushes Bitcoin Buy Amid US Treasury's Bond Buyback Expansion
Robert Kiyosaki is once again urging investors to buy Bitcoin as a hedge against inflation. He claims that the US Treasury's recent bond buyback program is equivalent to 'quantitative easing' and 'printing fake dollars', which will lead to inflation and a weakening dollar.
Kiyosaki points out that financially educated investors are moving into scarce assets, while those holding cash will lose purchasing power due to inflation. He advocates for buying Bitcoin, gold, silver, and selected real estate as safe-haven investments.
However, officials at the US Treasury disagree with Kiyosaki's characterization of the bond buyback program. They describe it as a liquidity measure to manage long-term debt, not a money-printing exercise. Only the Federal Reserve can conduct quantitative easing, which involves expanding the money supply by purchasing financial assets.
In related news, Bitcoin has rallied sharply in recent days, driven by falling long-term bond yields, a weaker US dollar, and forced short liquidations. The price of Bitcoin climbed over 20% in just one week, reaching near $79,500 before pulling back to around $76,000. U.S. spot Bitcoin ETFs brought in roughly $1.92 billion in net inflows over five sessions, signaling real demand beyond the short squeeze.