Best-selling finance author Robert Kiyosaki is doubling down on Bitcoin (BTC) and gold, and says governments no longer care about their people.
In a new thread, Kiyosaki tells his 2.4 million followers on the social media platform X that investors should be stockpiling hard assets like BTC to defend themselves.
“I keep buying more gold, silver, and Bitcoin because our leaders want more war and poverty. Work hard, spend wisely, and save gold, silver, and Bitcoin. Our leaders don’t care about you. So you please take care of yourself and the people you love.”
The Rich Dad Poor Dad author goes on to say that central banks are amassing gold, but not to support their fiat currency. Rather, Kiyosaki says they are saving themselves from their own mismanagement.
“Central Banks like [the] Fed are buying gold. Does this mean fiat money is safe? Hell no! Central bankers are saving themselves from their own incompetence, that’s why they buy gold. Their job is to protect the banks, not you. Get smart. Protect yourself from central bankers: save gold, silver, and Bitcoin.”
Kiyosaki also explains that the rich prefer tax-free assets over fiat currencies as money is designed to be debased through various means.
“The rich don’t work for cash. Why? Because our wealth is designed to be stolen from our fake money via taxes and inflation and the stock market. Instead the rich work for assets that put tax-free money in their pocket…cash-flow assets such as rental properties, oil and food production.
Rather than save fake cash, the rich save gold, silver and Bitcoin. The poor and middle class want jobs that promise a steady paycheck but offer no job security.
Even worse, the poor and middle class work at jobs that pay [a] taxable fake cash income, and then they save fake cash and invest in stocks, bonds, mutual funds, and ETFs (exchange-traded funds) which are crashing as I write this text.”
At time of writing, Bitcoin is worth 36,852.Don't Miss a Beat – Subscribe to get email alerts delivered directly to your inbox
Check Price Action
Follow us on Twitter, Facebook and Telegram
Surf The Daily Hodl Mix
Disclaimer: Opinions expressed at The Daily Hodl are not investment advice. Investors should do their due diligence before making any high-risk investments in Bitcoin, cryptocurrency or digital assets. Please be advised that your transfers and trades are at your own risk, and any loses you may incur are your responsibility. The Daily Hodl does not recommend the buying or selling of any cryptocurrencies or digital assets, nor is The Daily Hodl an investment advisor. Please note that The Daily Hodl participates in affiliate marketing.
Generated Image: Midjourney