Robert Kiyosaki Reveals He Likes Bitcoin: Calls Cryptocurrency ‘People’s Money’

Well-known author of the best-selling book Rich Dad Poor Dad, Robert Kiyosaki has expressed his fondness of bitcoin, calling it the cryptocurrency “people’s money.” Even though he admitted that he doesn’t know much about it, Kiyosaki said “I’m glad I bought it at six.”

Robert Kiyosaki Brands Bitcoin as the “money of the people”

Rich Dad Poor Dad co-author Robert Kiyosaki spoke about Bitcoin during a recent episode of his Rich Dad Radio Show podcast released Wednesday. The 1997 book, co-written by Kiyosaki and Sharon Lechter, has been on the New York Times Best Seller List for over six years and more than 32 million copies of the book have been sold in over 51 languages in more than 109 countries.

During the podcast, Kiyosaki labeled bitcoin, gold, and silver as “the hottest topic on the market today.” He noted that real estate shouldn’t be something to be ashamed of. Highlighting the US dollar as “counterfeit money,” the renowned writer said:

I like Bitcoin. I call it the people’s money. Now I don’t know much about it. However, I’m glad I bought it at six. That’s all I know now.

Kiyosaki had previously revealed that he bought bitcoin for $9K. “I bought bitcoin at $9,000 and I thought I was being ripped off, but the reason I bought it at $9,000 was because Covid shut down the world economy,” he told Kitco News in April 2021. “I believe it may $1.2 million in five more years,” he predicted at the time.

The Rich Dad Poor Dad writer has lately mentioned that he is looking for more BTC. Last week, he explained why he invested in bitcoin. According to him, he is not a trader but an investor. That is why he is excited when bitcoin’s price reaches a new low.

Kiyosaki has been recommending bitcoin, as well as gold and silver for a long time. Last week, he explained why all three types of investments are appreciating the most. He expects bitcoin investors to become wealthy in the future when the Federal Reserve spins up and prints trillions of dollars. In September, he urged crypto investors to invest in crypto before the greatest financial collapse in history happens. However, he also warned that the US will be a troubled country and most cryptocurrencies will be destroyed by the Securities and Exchange Commission (SEC).

Meanwhile, the famous writer noted that “we are in a global recession,” warning about rising homelessness, unemployment, and bankruptcies.

What do you think of the fact that Robert Kiyosaki said he likes Bitcoin and calls it the cryptocurrency “people’s money”? Let us know in the comments section.