Robert Kiyosaki, the renowned author of the best-selling book “Rich Dad Poor Dad,” has long advocated for investing in “hard assets” such as gold, silver, real estate, and Bitcoin (BTC). In a recent social media post, Kiyosaki expressed his satisfaction with financial planners finally acknowledging the value of Bitcoin, a digital asset he has championed for years.
Kiyosaki has often criticized financial advisors for steering clients away from hard assets like gold and Bitcoin, claiming they do so to profit from commissions rather than providing sound investment advice. He has consistently argued that gold has outperformed the S&P 500 for decades, making it a more reliable investment than traditional stocks.
Despite his concerns about an impending market crash, Kiyosaki remains steadfast in his belief in Bitcoin as a valuable investment. He has repeatedly praised the digital currency as a form of “digital gold,” highlighting its capped supply of 21 million coins and its ease of tradability, which he considers comparable to the U.S. dollar.
In November of last year, Kiyosaki went so far as to claim that Bitcoin was the “best protection” against hyperinflation, surpassing even gold and silver in this regard. “Bitcoin is people’s money, which means people control the value of Bitcoin, not our leaders,” he said, emphasizing the decentralized nature of the cryptocurrency.
The recent launch of several spot Bitcoin exchange-traded funds (ETFs) has further solidified Bitcoin’s position as a mainstream investment asset. In just a few weeks since their debut, these ETFs have absorbed over $3 billion in net inflows, surpassing the initial $3 billion mark that took the first gold ETF, GLD, roughly two years to achieve.
With Bitcoin now ranking as the second-largest ETF commodity in the United States, sandwiched between silver and gold, it is clear that financial advisors and investors alike are recognizing the potential of this “digital gold.” Kiyosaki’s long-standing advocacy for Bitcoin appears to be vindicated as the cryptocurrency continues to gain broader acceptance in the world of finance.
