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Kiyosaki dismisses Bitcoin crashes fears and plans to buy more in case prices drop.
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He warns that the U.S. Dollar has lost 95% of its purchasing power, which is hurting savers.
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Bitcoin is seen as a hedge with a $1 million price target in the next decade.
Robert Kiyosaki has reaffirmed his position on Bitcoin, which he believes is the best way to combat what he calls fake money. Kiyosaki, in a message aimed at market pessimists said he was not only unafraid, but actively hoping for a Bitcoin crash.
“CLICK BAIT Losers warns of a Bitcoin crash,” he wrote a recent post on social media platform X. “They are trying to scare off the speculators. I hope Bitcoin crashes. I will only purchase more. Take care.” This defiant declaration reaffirms the investor’s unwavering faith in Bitcoin as a longer-term investment, despite its volatility.
Kiyosaki’s Real Target: the ‘Fake U.S. Dollar
Kiyosaki’s bullish stance towards Bitcoin is rooted in a deeply bearish view on the U.S. Dollar, which he often describes as “fake money”. His core argument is the gradual, guaranteed decline in the dollar’s purchasing ability, not a Bitcoin collapse.
Kiyosaki claims that the U.S. Dollar has lost 95% of its purchasing value since his youth. He cited rising prices of everyday goods such as food and said that many people do not connect these increases to the decreasing value of their savings.
Related Robert Kiyosaki uses a George Washington quote to argue for Bitcoin
This narrative is in line with Kiyosaki’s well-known financial principle: “Savers Are Losers.” He uses that principle to argue holding cash in traditional accounts exposes individuals’ wealth to inflation risk.
A Bet on Bitcoin to Reach $1 Million
Kiyosaki believes that Bitcoin is a better long-term hedge than cash against this systemic threat. In a July 1 tweet, he confirmed that he recently purchased more Bitcoin and reiterated his belief that cryptocurrency could reach $1,000,000 per coin in the next decade.
Kiyosaki described Bitcoin as not only a speculative investment, but also as a hedge to systemic risks. He believes in the current system of finance which he describes as one that favors debt accumulation and penalizes savers.
Related Kiyosaki Chooses Bitcoin Over Gold To Hedge U.S. Dollar Declination
Kiyosaki’s stance has continued to influence a group who see cryptocurrencies as an alternative to traditional fiat currency.
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