- Kiyosaki remains positive about the role of Bitcoin (BTC) among other assets that can help individuals deal with the current threat of hyperinflation.
- Kiyosaki emphasized that people in countries with hyperinflation aren’t actually able to buy much with their purchasing power, even though prices are rising.
- MicroStrategy, through its continuous accumulation, has notably supported the idea of presenting Bitcoin as a hedge against inflation.
Is Bitcoin strong enough to provide protection against hyperinflation in countries? The famous author highlights the importance of Bitcoin in addressing inflation.
Bitcoin’s Power Against Hyperinflation
Renowned financial expert and author of the bestselling book “Rich Dad Poor Dad,” Robert Kiyosaki, once again expresses positivity about the role of Bitcoin (BTC) among other assets that can help individuals deal with the current threat of hyperinflation.
According to the investment expert, many people misunderstand the true meaning of inflation now. While many think that hyperinflation means rising prices, he stated that it actually means falling prices.
Kiyosaki emphasized that people in countries with hyperinflation aren’t actually able to buy much with their purchasing power. To avoid this situation and stay secure, Robert Kiyosaki advised global audiences to buy gold, Bitcoin (BTC), and silver.
Kiyosaki said, “Many people think INFLATION means prices will go up. Actually, it’s the opposite. Hyperinflation means your money loses buying power. Don’t be a loser. Buy gold, silver, and Bitcoin and be a winner.”
Robert Kiyosaki has been one of the advocates asserting that Bitcoin could be a real antidote to high inflation for quite some time and has consistently stood by the claim that BTC could indeed serve as a remedy for hyperinflation. Many countries, among them Argentina and Turkey, are in a position to potentially benefit from this call, being among the top contenders when it comes to experiencing hyperinflation.
In reality, these countries have shown a positive inclination toward Bitcoin, and the adoption of digital currency in these regions often demonstrates that what is commonly referred to as digital gold might indeed be that.
Is Bitcoin a Protection Against Inflation?
Over the past few years, Bitcoin has generally performed better during periods characterized by high inflation tendencies, according to the fundamental selling points of Bitcoin.
While many governments worldwide fight inflation by raising interest rates, Bitcoin has grown by over 60% since the beginning of the year, emerging as a better bet for anyone buying and holding it. MicroStrategy has notably supported the idea of presenting Bitcoin as a hedge against inflation through its continuous accumulation.
