Bitcoin’s Rise Amid Economic Turmoil
Bitcoin is experiencing a significant increase in value, as global financial stability deteriorates, traditional bond markets experience steep declines, and trust in fiat currencies diminishes. Renowned financial educator Robert Kiyosaki, best known for his bestseller “Rich Dad Poor Dad,” has issued a stark warning regarding the current economic climate. He encourages individuals to consider alternative assets like bitcoin as a safeguard against potential financial disaster.
Kiyosaki’s Concerns About the Global Economy
Kiyosaki’s ongoing concerns about the global economy have become more pronounced. Recently, he expressed his pessimism about Europe’s financial prospects, bluntly stating on social media platform X,
“Europe is toast.”
Alongside this commentary, he highlighted a troubling trend in the bond market, noting that the United States has become the “biggest debtor nation in world history.”
The author pointed to alarming statistics, revealing that U.S. Treasury bond values have decreased by 13% since 2020. European bonds have plummeted by 24%, while British bonds are down a staggering 32%. These sharp declines indicate a growing skepticism regarding governments’ abilities to manage and repay their rising debts. Kiyosaki stated:
“This insanity is why I continue to recommend you save your self… and save gold, silver, and bitcoin.”
Geopolitical Tensions and Financial Strategies
He further indicated that geopolitical tensions in Europe could be escalating, warning of potential civil unrest in Germany and noting that both Japan and China are divesting from U.S. bonds in favor of gold and silver purchases. Kiyosaki attributes these crises to excessive military spending, poor policy decisions, and elevated levels of national borrowing, which he believes are endangering citizens who remain invested solely in conventional assets like bonds and fiat currencies.
Financial Education and Investment Philosophy
On August 30, he elaborated on the financial term “talking your book” on the same social platform. Kiyosaki explained that this phrase refers to financial educators who prioritize selling over teaching. He emphasized his own educational approach, utilizing his Cashflow game to enhance financial literacy, contrasting it with what he described as less honorable sales tactics prevalent in the industry. While he acknowledged that selling isn’t inherently negative, he believes that education should take precedence over profit motives.
Kiyosaki reaffirmed his long-standing strategy of accumulating precious metals and bitcoin, stating,
“I buy gold, silver, and bitcoin. I rarely sell gold, silver, and bitcoin.”
This perspective reflects his persistent criticism of fiat money, as he continues to label the U.S. as the world’s largest debtor. Kiyosaki’s advocacy for bitcoin is rooted in his view of it as an essential safeguard against a faltering global economic system and the depreciation of the U.S. dollar, paralleling its value with gold and silver.
