Robert Kiyosaki, the American businessman and financial influencer, is once again urging investors to prioritize crypto and hard assets in order preserve their financial independence.
Namely, the Rich Dad Poor Dad author warned his followers on X that the U.S. political climate is becoming increasingly more Marxist, a trend he sees most recently embodied by Zohran Mamdani’s victory in the New York City mayoral campaign on November 4.
Weighing in on the situation, Kiyosaki commented on the issues of rent stability and loss of private property, that is, on the erosion of the capitalist system.
The antidote? Kiyosaki said precious metals such as gold and silver as well as cryptocurrencies, in particular the flagship ones, such as Bitcoin (BTC) and Ethereum (ETH), which he dubbed ‘the People’s money.’
Bitcoin and Ethereum as ‘People’s money’
A long-time advocate of gold and Bitcoin as hedges against inflation and debt, Kiyosaki has recently also been emphasizing Ethereum as another solution.
The financial guru believes that relying solely on salaries and traditional investments like bonds may no longer ensure financial security. Instead, he advocates for self-education, asset ownership, and exposure to decentralized technologies while dismissing bank safety as one of the ‘BIGGEST LIVES EVER TOLD.’
In his view, cryptocurrencies have the advantage of preserving purchasing power while granting individuals financial autonomy beyond government control. Accordingly, his latest remarks reinforce his general philosophy of financial independence, responsibility, and education.
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Source: https://finbold.com/r-kiyosaki-warns-new-yorkers-to-protect-themselves-with-these-2-cryptos/
