Skip to content
- Robert Kiyosaki links Bitcoin to key money laws poor people often ignore.
- Kiyosaki calls Bitcoin “good money” alongside gold and silver to protect wealth.
- Institutional giants like Strategy Inc. continue major Bitcoin acquisitions.
Author Robert Kiyosaki has warned again about the risk of keeping our money in traditional cash. In a post on X, he explained why many people remain poor, linking their financial struggles to a failure to understand the true nature of money.
Kiyosaki says that people experiencing poverty often break the rules of Gresham’s and Metcalf’s laws. He explained that anyone who saves fiat cash ignores Gresham’s Law, which holds that bad money causes good money to hide. Kiyosaki thinks Bitcoin, gold, and silver are “good money” types that can keep your wealth safe.
He used Metcalf’s Law to emphasize the importance of networks. In his view, firms like McDonald’s and FedEx are like Bitcoin, as Bitcoin’s expanding base makes it more valuable. According to him, most cryptocurrencies fail because they don’t have a strong community surrounding them as much as Bitcoin does.
Kiyosaki’s Strong Endorsement Comes Amid Institutional Bitcoin Adoption
His backing of Bitcoin arrives as many important institutions are boosting their involvement with the cryptocurrency. Michael Saylor’s company recently bought another 7,390 BTC, costing $764 million. As a result, the company now holds 576,230 Bitcoin, bought on average for $69,726 each.
In his post, Kiyosaki endorsed Saylor’s view by quoting him. He advised his 2.7 million followers to mimic the investment choices of wealthy individuals. According to Kiyosaki, Bitcoin does that for him, given his ongoing advice to avoid relying on fiat currencies.
Bitcoin was valued at $109,073 at the time of this writing, only a few thousand dollars below its recent high of $111,970.16. Even in the latest dip, Kiyosaki believes that Bitcoin plays a key part in wealth building.
Robert Kiyosaki makes it clear that to escape poverty, you should stop focusing on saving fiat currency. He thinks Bitcoin is the best way to guard against economic changes.
Also Read: Anthony Scaramucci Reveals How Solana Will Revolutionize Global Finance!
