“Rich Dad Poor Dad” Author Robert Kiyosaki Doubles Support Towards Bitcoin

Robert Kiyosaki, a renowned author and financial educator has expressed his strong support for Bitcoin (BTC) and Gold

Sophia Cruz•Thursday, April 4, 2024•2 min read

Robert Kiyosaki, a renowned author and financial educator has expressed his strong support for Bitcoin (BTC) and Gold following Fed’s Chair Jerome Powell’s admission to inflationary pressures.

“Rich Dad Poor Dad” Author Robert Kiyosaki Doubles Support Towards Bitcoin

The “Rich Dad Poor Dad” author has reaffirmed his support for Bitcoin (BTC) in light of Federal Reserve Chairman Jerome Powell’s recent acknowledgment of inflation concerns. Kiyosaki emphasized the Fed’s Chair admission that inflationary pressures are gaining momentum, highlighting it as a crucial moment for the economy.

Kiyosaki has been an advocate of alternative assets such as gold, silver, and Bitcoin. He expressed his thoughts in an X post, stating, “Fed Chairman Powell finally told the truth. Last week he finally admitted inflation is willing. The Fed can no longer promise inflation at 2% or that inflation is ‘transitory’. Again, he finally stopped lying.”

Following Fed Chair Powell’s admission, Kiyosaki made sure that he would continue to strongly advocate for Bitcoin and other appreciating assets. In addition, he also warned the public about the consequences of inflation and encouraged individuals to control their financial future.

Furthermore, Kiyosaki highlighted the serious repercussions of relying on traditional savings methods. Referring to his popular book, he stated “Savers are Losers.” He referred to the significant decline in the dollar’s buying power over the years since the inception of the Federal Reserve and the IRS in 1913.

What he refers to as “real money” is investing in assets such as gold, silver, and Bitcoin as a hedge against the depreciation of fiat currencies. His advocacy resonates with his belief in the significance of financial literacy and self-empowerment.

Meanwhile, the Bitcoin Cash (BCH) network has recently launched its highly anticipated halving event, representing a noteworthy milestone in the history of blockchain technology. The halving event on the BCH network has begun reducing its miner’s rewards to 3.125 coins per block from its previous reward of 6.25 coins.

BCH is also prepping for a mid-May upgrade, which aims to implement an adaptive block size limit, further shaping its future trajectory.

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ABOUT THE AUTHOR See More

Sophia Cruz

Financial Writer - Asian & European Desks

Sophia is an experienced writer, reporter and newsdesk member, mostly on the financial sectors. For the past 5 years Sophia has covered a wide variety of topics such as the financial markets, economics, technology, fin-tech and trading. Sophia has been a part of the FX Leaders team since 2017 and works on producing valuable content and information for traders of all levels of experience.