On Friday (11 November 2022), Robert Kiyosaki, the highly successful author of the “Rich Dad Poor Dad” series of personal finance books, shared his latest thoughts on gold, silver, and Bitcoin.
“Rich Dad Poor Dad“, which is one of the top 10 personal finance books of all time, “advocates the importance of financial literacy (financial education), financial independence and building wealth through investing in assets, real estate investing, starting and owning businesses, as well as increasing one’s financial intelligence (financial IQ) to improve one’s business and financial aptitude.”
At various times during the current COVID-19 pandemic, Kiyosaki has been criticizing the Federal Reserve’s response to the resulting economic fallout and strongly urging his large following on social media platforms to protect themselves from what he feels is inevitable high inflation (and possibly hyperinflation) in the future by using their fiat holdings to buy silver, gold, and Bitcoin.
Episode #263 of Anthony Pompliano’s “Pomp Podcast”, which was released on 7 April 2021, featured an interview with Kiyosaki. During that interview, Pompliano asked for Kiyosaki’s thoughts on “traditional inflation hedge” assets.
Kiyosaki said:
“Gold and silver are God’s money. Bitcoin is open source people’s money.“
Then, on 13 May 2022, he said that crashes are the best times to get rich:
According to data by TradingView, currently (as of 3:30 a.m. UTC on 12 November 2022), Bitcoin is trading around $16,825, which is 75.63% lower than the all-time high it recorded on 10 November 2021.
However, Kiyosaki is still not worried about the fall in the Bitcoin price. On Friday (11 November 2022), he said that he is not worried since he is an investor rather than a trader, and that if the $BTC price even gets to as low as $10,000, rather than getting worried, he would get excited (presumably since he wants to buy even more $BTC to hold for the long term):
