Robert Kiyosaki Supports "The Bitcoin Standard"

Robert Kiyosaki, an entrepreneur renowned for his financial education book "Rich Dad Poor Dad," recently expressed his endorsement for "The Bitcoin Standard," igniting excitement within the Bitcoin community.

Kiyosaki's Perspective on Money

In a recent tweet, Kiyosaki discussed the influence of money on product availability, pricing, and consumer lives. He stated, "When money is abundant….then products of life …. Become plentiful and inexpensive." He explained that he appreciates Bitcoin for its scarcity, which in turn affects the prices and quantities of essential goods. According to him, this perspective supports the concept of a "Bitcoin Standard of life."

Concluding his message, Kiyosaki stated, "I vote for 'The Bitcoin Standard,'" encouraging the crypto community to embrace this idea. Many followers reacted positively, with comments like, "Live life the Bitcoin way," and highlighting Bitcoin's role in empowering the masses.

Reasons Behind Kiyosaki's Love for Bitcoin

Earlier this week, Kiyosaki shared insights into why he favors Bitcoin. He argued, "When I save FAKE fiat US dollars, I grow poorer. When I save Bitcoin, I grow richer." This sentiment reflects his dissatisfaction with the Federal Reserve's ongoing money printing, which he characterizes as "fake" dollars. Kiyosaki advocates for Bitcoin due to its finite supply of 21 million coins, emphasizing its deflationary nature.

He mentioned the halving event in April that reduced miner block rewards, enhancing Bitcoin's scarcity.

Additionally, Kiyosaki declared he would never invest in a Bitcoin ETF, preferring to own Bitcoin directly.