On Friday (October 7),\u00a0Robert Kiyosaki, the highly successful author of the \u201cRich Dad Poor Dad\u201d series of personal finance books, shared his latest thoughts on gold, silver, and Bitcoin.<\/p>\n
\u201cRich Dad Poor Dad\u201c, which is one of the top 10 personal finance books of all time,\u00a0\u201cadvocates the importance of financial literacy (financial education),\u00a0financial independence\u00a0and building wealth through\u00a0investing\u00a0in assets,\u00a0real estate investing, starting and owning businesses, as well as increasing one\u2019s\u00a0financial intelligence\u00a0(financial IQ) to improve one\u2019s business and financial aptitude.\u201d<\/p>\n
At various times during the current COVID-19 pandemic, Kiyosaki has been criticizing the Federal Reserve\u2019s response to the resulting economic fallout and strongly urging his large following on social media platforms to protect themselves from what he feels is inevitable high inflation (and possibly hyperinflation) in the future by\u00a0using their fiat holdings to buy silver, gold, and Bitcoin.<\/p>\n
Episode #263\u00a0of Anthony Pompliano\u2019s \u201cPomp Podcast\u201d, which was released on 7 April 2021, featured an interview with\u00a0Kiyosaki. During that interview, Pompliano asked for\u00a0Kiyosaki\u2019s thoughts on \u201ctraditional inflation hedge\u201d assets.<\/p>\n
Kiyosaki said:<\/p>\n
\u201cGold and silver are God\u2019s money. Bitcoin is open source people\u2019s money.<\/em>\u201c<\/p>\n On 25 April 2022, Kiyosaki published a tweet warning that the markets were heading for potentially the biggest economic depression in history.<\/p>\n Then, on 12 May 2022, Kiyosaki said that he is happy about the recent drops in the Bitcoin price because he is hoping to buy more $BTC below the $20K level, and ideally around $17K.<\/p>\n On 13 May 2022, he elaborated on what he had said earlier about crashes being \u201cbest times to get rich.\u201d<\/p>\n Five days ago, it seemed like his stance on when to buy more Bitcoin had changed because unlike what he said on 13 May 2022 about buying more Bitcoin once he feels that it has found a bottom, he told his 2.1 million Twitter followers to use any interest rate hikes by the the Federal Reserve (which is the central bank of the U.S.) as opportunities to buy more gold, silver, and Bitcoin (since he seems to believe that such rate hikes usually result in drops in the prices of these three commodities). Furthermore, he said that once the Fed pivots and starts lowering interest rates again, people who follow his advice will be smiling because presumably he expects the prices for gold, silver, and Bitcoin to start going up again.<\/p>\n Well, earlier today, Kiyosaki seemed even more bullish on Bitcoin, saying that although pension funds have always invested in gold and silver, they are \u201cnow investing in Bitcoin.\u201d<\/p>\n