Kiyosaki Touts Bitcoin as Essential for Financial Preparedness
Financial expert Robert Kiyosaki has once again emphasized his support for Bitcoin as part of a broader 'financial prepper' strategy. In a recent statement on X, he drew parallels between owning assets outside government-issued currency and carrying car insurance to protect against economic trouble.
Kiyosaki's criticism centers on the risk that cash savings lose purchasing power due to inflation caused by government monetary policy. He accused the Federal Reserve of taking wealth through taxation and inflation, which leads to rising prices across the economy.
The renowned author prefers assets that governments cannot print, citing Bitcoin's 21 million-coin supply limit as a key factor. However, he acknowledges that owning BTC does not guarantee protection against inflation, as its price can fall even as living costs rise.
Kiyosaki also owns oil wells that generate payments from buyers, including governments, which adds an income component to his financial preparation strategy. He views this as a way to earn revenue while being exposed to government demand for energy.