Renowned author and financial educator Robert Kiyosaki believes Bitcoin (BTC) is the “best protection” against hyperinflation because it is people’s money.
The investor, best known for his book ‘Rich Dad Poor Dad,’ has been issuing continuous warnings about an impending financial collapse, particularly in the United States.
In a recent post on X (formerly Twitter), Kiyosaki drew a historical comparison and urged his followers to consider Bitcoin as a means of protection against hyperinflation.
Highlighting the events in Germany a century ago, where hyperinflation contributed to Adolf Hitler’s rise to power, Kiyosaki expressed concerns that the US might be on the verge of experiencing a similar situation.
He described the government as the “most incompetent ever” and advised his readers to study hyperinflation in Germany and Zimbabwe, while also praising Bitcoin as the “best defense” due to its decentralized nature.
“Food will always be valuable as will guns, gold, and silver. Yet I believe Bitcoin is your best protection because Bitcoin is People’s money which means people control the value of Bitcoin not our leaders.”
Just in Germany to celebrate 100 years since 1923, the hyperinflation that brought Adolf Hitler to power. Are we about to celebrate hyperinflation too? I hope not. Yet our government leaders are the most incompetent ever. Study Germany and Zimbabawe’s Hyperinflation and prepare.…
— Robert Kiyosaki (@theRealKiyosaki) November 19, 2023
Kiyosaki’s recent remarks echo his earlier statements in October, where he emphasized that hyperinflation does not simply mean rising prices but rather a decline in the purchasing power of money.
At the time, he advised his followers to invest in gold, silver, andRead more on cryptonews.com