Robert Kiyosaki urges Bitcoin buying as dollar inflation fears return

Robert Kiyosaki, author of "Rich Dad Poor Dad," again urged investors to buy Bitcoin, arguing that financial education helps protect wealth from inflation and the declining purchasing power of the U.S. dollar. In a post on X, he said the U.S. Treasury's latest measures amounted to another round of quantitative easing (policies that expand the money supply), which he described as "printing fake $." Kiyosaki warned that a weaker dollar would fuel inflation and hurt savers holding cash, writing, "Don't be a loser." He said investors who understand money and buy appreciating assets such as gold, silver, Bitcoin and some real estate "get richer." The remarks came as concerns over U.S. government debt and Treasury-market conditions resurfaced. The Treasury announced in August that it planned to increase repurchases of longer-dated government bonds to at least $4 billion per operation. Kiyosaki has long cited monetary debasement (a currency's loss of purchasing power) and excessive government debt as reasons to hold Bitcoin, but critics point to his record of highly bullish forecasts with changing deadlines. He predicted $350,000 Bitcoin by August 25, 2024, then forecast $500,000 in 2025 and said Bitcoin could exceed $1 million by 2035, later reiterating that $1 million could be possible by 2030.

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Robert Kiyosaki urges Bitcoin buying as dollar inflation fears return - CoinPost Terminal