Robert Kiyosaki, known for his best-seller "Rich Dad Poor Dad," has become a strong advocate of Bitcoin, despite joining the crypto scene later than many.
In a recent episode of his The Rich Dad Channel podcast with Bitcoin expert Anthony Pompliano, Kiyosaki shared why he believes Bitcoin could signal the downfall of fiat currencies like the U.S. dollar.
Kiyosaki expressed concerns about the current state of the economy, claiming that artificial intelligence could accelerate an ongoing crash, while criticizing U.S. leadership for their role in economic instability.
He pointed out that blockchain technology, especially Bitcoin, offers transparency that fiat systems lack, asserting that Bitcoin’s position as the top cryptocurrency remains unchallenged.
Kiyosaki emphasized Bitcoin’s scarcity, highlighting that its fixed supply of 21 million coins drives demand, drawing parallels to Metcalfe’s law, which values networks based on user participation.
Previously, the best-selling author urged his followers to buy Bitcoin when it dropped below $53,000, seeing it as an opportunity. Currently, Bitcoin is trading at $60,220, reflecting a small drop over the past week.
Bitcoin giant Strategy has added another 4,980 BTC to its reserves in a purchase worth approximately $531.9 million, according to Executive Chairman Michael Saylor.
According to renowned market veteran Peter Brandt, trading isn’t the path to prosperity for the vast majority of people.
Charles Edwards, founder and CEO of Capriole Investments, has offered a fresh perspective on Bitcoin’s stalled price movement near the $100,000 mark, despite growing institutional enthusiasm.
Metaplanet has expanded its Bitcoin treasury with a new acquisition of 1,005 BTC valued at approximately $108.1 million, further cementing its status as one of the largest corporate holders of the digital asset.