Robert Kiyosaki Buys More Bitcoin as BTC Eyes $250K Amid Economic Turmoil

Renowned author Robert Kiyosaki has bought more bitcoin on June 11. He’s famous for his best-selling book Rich Dad Poor Dad...

Quick overview

  • Robert Kiyosaki, author of Rich Dad Poor Dad, purchased more bitcoin on June 11, signaling his belief in its value amidst a collapsing financial system.
  • He warns that fiat currencies are rapidly losing value due to central bank failures and inflation, advocating for hard assets like bitcoin.
  • Kiyosaki predicts bitcoin could reach $250,000 in 2024, emphasizing its scarcity, decentralization, and mobility as key advantages.
  • His recent actions serve as a warning to the public, particularly retirees and the middle class, to act quickly and invest in alternative assets.

Renowned author Robert Kiyosaki has bought more bitcoin on June 11. He’s famous for his best-selling book Rich Dad Poor Dad which has sold over 40 million copies worldwide. His actions always move the global markets.

This isn’t random. On platform X he posted: “Your future is decided today!!! Today I am buying more bitcoin and working on a new book on entrepreneurship.” He’s saying the financial system is collapsing and proactive wealth protection is no longer optional.

Kiyosaki has been warning for an economic collapse for years, fueled by unlimited money printing, debt and central bank mistakes. His forecast? Bitcoin to $250,000 in 2024. Today BTC is $109,845 more than double its year to date value.

Why Kiyosaki Trusts Bitcoin Over Fiat

Kiyosaki sees fiat currencies losing value fast. He says central banks are out of options and credibility. Bitcoin with its fixed supply of 21 million and decentralized structure offers protection against inflation, market crashes and currency debasement.

The 2023 US banking crisis where multiple regional banks failed in weeks bolsters his view. With inflation eroding purchasing power and bond markets crumbling many are rethinking traditional strategies.

Why Kiyosaki likes Bitcoin:

  • Scarcity: Only 21 million will ever exist
  • Decentralization: Not controlled by central banks
  • Mobility: Borderless and easy to transfer wealth
  • Track Record: Over 150% since January 2023

Act Now

Kiyosaki’s actions are more than just personal finance moves, they’re signals to the public. He believes retirees and the middle class will get hurt the most from monetary instability unless they move to hard assets like bitcoin, gold and silver.

He says waiting is risky. “Please don’t waste it” he said referring to today’s opportunity. As interest in alternative assets grows Kiyosaki’s high profile bitcoin buy is a signal to the world that fiat is losing trust and decentralized wealth is the way to go. Don’t wait.

ABOUT THE AUTHOR See More
Arslan Butt
Lead Markets Analyst – Multi-Asset (FX, Commodities, Crypto)
Arslan Butt serves as the Lead Commodities and Indices Analyst, bringing a wealth of expertise to the field. With an MBA in Behavioral Finance and active progress towards a Ph.D., Arslan possesses a deep understanding of market dynamics. His professional journey includes a significant role as a senior analyst at a leading brokerage firm, complementing his extensive experience as a market analyst and day trader. Adept in educating others, Arslan has a commendable track record as an instructor and public speaker. His incisive analyses, particularly within the realms of cryptocurrency and forex markets, are showcased across esteemed financial publications such as ForexCrunch, InsideBitcoins, and EconomyWatch, solidifying his reputation in the financial community.

Related Articles

HFM

Doo Prime

XM

Best Forex Brokers