Rich Dad Poor Dad Author Robert Kiyosaki Backs Bitcoin’s Future with Michael Saylor
Renowned financial educator and author of Rich Dad Poor Dad, Robert Kiyosaki, has voiced strong support for bitcoin, aligning with Microstrategy Executive Chairman Michael Saylor’s bold predictions for the cryptocurrency. In a series of posts on X (formerly Twitter) this week, Kiyosaki endorsed Saylor’s strategy and forecast of bitcoin potentially reaching $13 million in value.
Kiyosaki’s Support for Bitcoin
Referring to Saylor’s prediction, Kiyosaki said: “I believe he is right. He is one smart boy.” Highlighting the potential for significant financial gains, Kiyosaki noted that purchasing 0.01 BTC at today’s prices could make someone a millionaire in the future. He contrasted this with the traditional path of accumulating student debt for a degree, stating: “Sure beats going $50,000 in debt for a student loan … just to earn a flimsy MBA. Get smarter … buy bitcoin today. I am.”
This isn’t the first time Kiyosaki has championed alternative investments. Alongside bitcoin, he remains a proponent of gold and silver as hedges against inflation and fiat currency instability, a point he reiterated in his posts.
Michael Saylor’s Vision for Bitcoin
Saylor, a long-time advocate of bitcoin, predicts the cryptocurrency could range in value from $3 million to $49 million by 2045, with a base-case estimate of $13 million. He believes bitcoin will play a pivotal role in reshaping the global economy, describing it as a primary treasury asset to secure economic stability and wealth accumulation.
Explore More on Bitcoin
Bitcoin Derivatives: A Growth Opportunity
Microstrategy, under Saylor’s leadership, is the largest corporate bitcoin holder, with a staggering 331,200 BTC. The company recently announced its ambitious “21/21 Plan,” aiming to raise $42 billion over the next three years to further expand its bitcoin holdings.
Responding to Critics
In a follow-up post, Kiyosaki defended Saylor against critics, notably taking a dig at a “loudmouth who sells gold,” believed to be Peter Schiff, a frequent critic of bitcoin. Kiyosaki praised Saylor’s approach, crediting his bitcoin investment strategy for enhancing Microstrategy’s value and benefiting its stakeholders.
Kiyosaki remarked:
“I think Michael Saylor is a genius. I am following Saylor’s tactical bitcoin investment plan … making myself and my company’s employees richer and jobs much more secure … especially in these treacherous financial times.”
Diversification and Financial Stability
While Kiyosaki continues to advocate for bitcoin, he stresses the importance of diversification. Alongside cryptocurrency, he promotes investments in gold and silver as essential safeguards against what he describes as “fiat currency instability.” Referencing investor Larry Lepard, Kiyosaki highlighted the need for systemic reform, stating: “To change the world … change our money.”
Both Kiyosaki and Saylor see bitcoin as a transformative force in global finance, with its potential to drive financial stability and wealth accumulation in an increasingly uncertain economic environment.
Discover more about Robert Kiyosaki’s financial insights and strategies by visiting the Rich Dad website.
Stay informed on finance, innovation, and global trends. Follow EyeOnLondon for stories that keep you informed and inspired!
