Quote from: Becassine on January 25, 2025, 09:49:36 PM

Yes BUT :

Robert Kiyosaki has indeed expressed favorable opinions about bitcoin in recent years. However, his enthusiasm for this cryptocurrency has not always been consistent since bitcoin's inception.

Evolution of His Opinions on Bitcoin:

Early Days: Little Explicit Interest

In bitcoin's early years, Kiyosaki didn't talk much about btc. His focus was more on gold, silver, and other tangible assets that he considers safe havens against inflation and monetary manipulation.

Shift to Criticism of the Financial System

As bitcoin gained popularity and concerns over inflation and massive money printing grew (particularly after 2008 and later in 2020 during the COVID-19 pandemic), Kiyosaki began to show interest in alternatives like bitcoin. He notably adopted a highly critical stance toward central banks and the U.S. dollar.

Public Adoption of Bitcoin as "People's Money"

Around 2020, Kiyosaki publicly endorsed bitcoin, calling it "digital gold" and a way to protect oneself from the collapse of the global financial system. He often linked bitcoin with gold and silver, which he continues to favor, framing them as part of a resilient investment portfolio.

Warnings, Yet Continued Support

While he supports bitcoin, Kiyosaki also warns about its volatility. He views bitcoin as a long-term opportunity but emphasizes the importance of understanding the risks and avoiding blind investments.

His Overall Message

Kiyosaki doesn’t view bitcoin as merely a speculative investment but as a response to the structural problems of the financial system. He encourages to diversify assets and educate about new forms of money.

Thus, while he hasn’t always been an ardent supporter of bitcoin, his recent statements show that he sees the cryptocurrency as a key component in an investment strategy aimed at the future and protection against economic crises.

Good point, Becassine.

It’s true that Kiyosaki wasn’t an early adopter or advocate for Bitcoin, and his initial focus was indeed on gold and silver. However, I think his shift over the years shows a recognition of Bitcoin’s growing relevance, particularly as concerns about fiat currencies and inflation have intensified.

Kiyosaki’s more recent stance seems to go beyond just hedging against economic uncertainty; he now frames Bitcoin as an accessible way for individuals to build wealth ("the people’s money"). While he still advises diversification (gold, silver, Bitcoin), his confidence in Bitcoin has grown significantly, as seen in his bold price predictions.

It’s also worth noting that Kiyosaki emphasizes education and caution—his message isn’t just “buy blindly,” but rather to understand the underlying financial shifts.

Would you say this evolution in his opinions reflects Bitcoin’s broader adoption and acceptance, or is it more about Kiyosaki adapting his narrative to remain relevant in the shifting investment landscape?

karel0001

Posts

Merits