Kiyosaki Treats BTC Like Insurance Against Financial Trouble
Robert Kiyosaki has been advocating for investors to hold assets like Bitcoin and gold as a form of insurance against financial trouble. In his view, holding scarce assets outside government-issued currencies provides protection against inflation and monetary expansion.
Kiyosaki believes that Bitcoin is particularly well-suited to this strategy due to its capped supply at 21 million coins. However, he notes that scarcity alone does not guarantee the asset's ability to preserve purchasing power over any specific period.
In a conversation with a woman who questioned whether preparing for economic trouble was overly pessimistic, Kiyosaki emphasized the importance of owning assets that government cannot print. He stated that his investment philosophy is centered around holding money that is not dependent on government-issued currencies.