Why does Robert Kiyosaki consider bitcoin to be ‘the people’s money’? Find out the details

The famous author of the best-selling book Rich Dad Poor DadRobert Kiyosaki, says he likes bitcoin, calling the crypto-currency “the people’s money“. While admitting that he doesn’t know much about bitcoin, he said, “I’m just glad I bought it when I was six.“

Robert Kiyosaki says bitcoin is “the people’s money.”

Rich Dad Poor Dad author Robert Kiyosaki talked about bitcoin while discussing “Why cash is trash in 2023” on his Rich Dad Radio Show podcast released Wednesday. Rich Dad Poor Dad is a book published in 1997 and co-authored by Kiyosaki and Sharon Lechter. It has been on the New York Times bestseller list for more than six years. More than 32 million copies of the book have been sold in more than 51 languages and in more than 109 countries.

During the podcast, Robert Kiyosaki called gold, silver and bitcoin “the hottest topics in the market today“, noting that real estate is no longer a hot topic. Stressing that the U.S. dollar is a “false currency“, the famous author stated:

I’love bitcoin. I call it the people’s money. Now, I don’t know much about bitcoin, but I’m just glad I bought it at six. That’s all I know right now.

Robert Kiyosaki previously said he’bought bitcoin at $9,000. “I’bought bitcoin at $9,000 and I thought I was getting fleeced, but the reason I’bought it at $9,000 is because Covid stopped the global economy” he told Kitco News in April 2021. “I think it’s going to be $1.2 million in five more years” he predicted at the time.

The Rich Dad Poor Dad author recently said he is buying more stocks. Last year, he explained why he invests in bitcoin, noting that he is an investor, not a trader, and therefore gets excited when the price of bitcoin hits a new low.

Robert Kiyosaki has been recommending bitcoin, gold and silver for some time now. Last week, he explained why all three investments are on the rise.

He expects bitcoin investors to get richer when the Federal Reserve turns around and prints trillions of dollars. In September last year, he urged investors to get into crypto now before the biggest economic crash in world history occurs. However, he also warned that the U.S. Securities and Exchange Commission (SEC) will crush most crypto-currencies.

Meanwhile, Robert Kiyosaki stated that “we are in a global recession“, warning of skyrocketing bankruptcies, unemployment and homelessness.