Rich Dad Poor Dad Author Robert Kiyosaki Explains Why He Loves Bitcoin and Advocates 'the Bitcoin Standard”

Robert Kiyosaki, author of Rich Dad Poor Dad, has expressed his strong support for bitcoin as an alternative to traditional currency, promoting it as a pathway to economic abundance.

Robert Kiyosaki, renowned author of Rich Dad Poor Dad, has unveiled his unwavering trust in bitcoin as an alternative to traditional currency and his advocacy for “the Bitcoin Standard,” presenting a bold vision for the future of money.

Kiyosaki, known for his best-selling book that promotes financial literacy and alternative investment strategies, has expressed his strong support for bitcoin as a path to economic abundance. Rich Dad Poor Dad, co-authored with Sharon Lechter in 1997, gained immense popularity, spending over six years on the New York Times Best Seller list, with sales exceeding 32 million copies in 51 languages across more than 109 countries.

In a Nov. 1 post on social media platform X, Kiyosaki highlighted bitcoin's potential to enhance affordability, contrasting it with the limitations he perceives in fiat currency. He elaborated, “When money is abundant … then products of life … become plentiful and inexpensive. That is why I love bitcoin and life. When money becomes scarce and expensive … so does the price of life and the abundances of life.” Continuing his statement, the influential author added:

I support the Bitcoin Standard of life … Because I love the abundance and lower price of life for everyone, not just the rich.

Concluding his post with a call to action, he asked, “I vote for ‘the Bitcoin Standard.’ What will you vote for?”

The term “Bitcoin Standard” was popularized by economist Saifedean Ammous in his 2018 book The Bitcoin Standard: The Decentralized Alternative to Central Banking. It pertains to the concept of using BTC as a primary currency or “standard” in a global economy, akin to the historical gold standard. Under a bitcoin standard, BTC would serve as the foundational currency, either replacing or complementing fiat currencies, particularly as a store of value and potentially as a medium of exchange. This idea stems from bitcoin's decentralized structure and limited supply, which proponents believe could act as a hedge against inflation and centralized monetary manipulation.

The acclaimed author has frequently voiced his view that BTC serves as a hedge against inflation and economic instability, often criticizing fiat currency, especially the U.S. dollar, which he terms “fake money” due to its declining purchasing power and susceptibility to inflation. He promotes bitcoin as “people's money” and a preferred store of value over traditional savings, viewing it as a means to preserve wealth during economic shifts. He also describes gold and silver as “God's money.”

In another post on X this week, Kiyosaki elaborated on his preference for bitcoin over fiat currency, stating, “Why I love bitcoin: When I save FAKE fiat U.S. dollars I grow poorer. When I save bitcoin I grow richer. That's why I love bitcoin.”

The Rich Dad Poor Dad author has also made bold predictions regarding bitcoin's future price, suggesting it could reach $500,000 by 2025. He attributes this potential rise to inflation, currency devaluation, and diminishing public trust in central banks. Kiyosaki argues that policies like the Federal Reserve’s extensive money printing will steer investors toward BTC, gold, and silver. He anticipates that the world’s largest cryptocurrency will not only retain value during economic uncertainty but also appreciate significantly as more people search for alternatives to fiat currency. Notably, last week, he urged his followers to increase their bitcoin holdings, anticipating a sharp rise in value.

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