Bitcoin is gaining more substantial support from high-profile investors, with Robert Kiyosaki reaffirming his belief in the cryptocurrency over traditional fiat currency. The “Rich Dad Poor Dad” author explained to his followers on X that saving in cash is a flawed approach in today’s economic climate. He encouraged people to learn the principles of real money and shift their focus to assets like Bitcoin, gold, and silver.
Kiyosaki criticized government-issued money as “fake” and warned that many remain financially stuck because they ignore key financial rules. In his post titled “ARE YOU BREAKING the LAWS?”—Gresham’s Law and Metcalfe’s Law he referenced two critical concepts to explain why digital assets have greater long-term value than fiat currencies.
Why Kiyosaki prefers Bitcoin
Kiyosaki highlighted Gresham’s Law, which states, “Bad money drives good money out of circulation.” He argued that fiat currencies lose value over time because governments print more of them, reducing their worth. In contrast, Bitcoin has a limited supply and cannot be produced on demand. For this reason, he believes Bitcoin qualifies as “good money.”
He also applied Metcalfe’s Law, which suggests that a network’s value grows with each new user. Kiyosaki compared Bitcoin to successful companies like FedEx and McDonald’s, which benefit from strong networks. He explained that Bitcoin’s strength lies in its decentralized network, which grows stronger as adoption increases.
According to him, saving in dollars is not logical because fiat money loses value daily. He advised storing wealth in decentralized assets that are outside the control of central authorities.
Major investors back Bitcoin
Kiyosaki is not alone in this viewpoint. Michael Saylor, the chairman of MicroStrategy, remains a leading corporate advocate for Bitcoin. This week, his firm added 7,390 BTC to its holdings for $764 million. The company now owns 576,230 BTC, with a total valuation exceeding $62 billion. Saylor’s average purchase price stands at $69,726 per Bitcoin.
Kiyosaki repeated Saylor’s guidance that those who invest should focus on types of assets that wealthy individuals would want. He thinks seeing big financial players enter Bitcoin means it is moving closer to becoming a mainstream form of investment.
Bitcoin’s future outlook
Kiyosaki has been vocal about his long-term outlook for Bitcoin. He maintains that the leading cryptocurrency could reach $500,000 in the coming years. He attributes this projection to rising global debt, high inflation, and monetary instability.
Before dropping, Bitcoin hit its highest price ever, $111,970.16. Right now, Bitcoin is trading for $107,424, and analysts say this price rise is due to the boost in demand from investors from all backgrounds.