- Robert Kiyosaki, the author of “Rich Dad Poor Dad,” has debunked the claims that bonds are generally safe, advocating buying Bitcoin instead.
- He believes that both the asset class and the concept of safe deposits are susceptible to various risks.
- The financial author has strongly recommended purchasing Bitcoin before bond prices crash.
Discover why Robert Kiyosaki believes bonds are not as safe as they seem and why he advocates for Bitcoin investment.
The Issue With Bonds
According to Robert Kiyosaki, the biggest lie that financial planners tell their prospective clients is that “Bonds Are Safe.” Discounting these claims, Kiyosaki noted that most of the so-called “sophisticated” investors generally take losses on their bonds when commercial real estate plunges.
Beyond commercial real estate, the financial expert also highlighted that the “once glamorous office real estate market cannot make loan payments which will take down so-called ‘sophisticated’ investors when AAA bonds crash.”
In reality, many who desire financial freedom are known to embrace highly risky assets like Bitcoin and crypto. However, older investor classes prefer bonds, which are deemed to be generally non-conforming to the extreme volatility that investors face daily. Bonds, to a very reliable extent, provide a cushion that investors have held onto over time.
Kiyosaki’s Perspective on Safe Deposits
Robert Kiyosaki’s new stance has sparked a new basis for debate. He took his own counsel further when he stated that the “safe deposit” narrative in mainstream finance is not the safest thing as well. He emphasized that this is so as anything that gives investors risk-free returns turns out to be the riskiest things.
The Rich Dad Poor Dad writer is known to always give this counsel, with a signature recommendation on what to invest or pay attention to in the long term. Rather than bet on bonds, he advised investors to get real assets like Gold, Silver, and Bitcoin before the prices of these assets will explode.
Why Is Bitcoin Ideal Now?
Bitcoin and its associated digital currencies are generally featured as top avenues to inject capital. This is because of the recent evolution in the crypto ecosystem. This year alone, the spot Bitcoin ETF approval has been granted by the United States Securities and Exchange Commission (SEC), setting the stage for institutional capital inflow.
Besides this, the industry recorded the Bitcoin halving event a few weeks ago, compounding the supply crunch around the coin. With this, chances are that the coin will keep growing in valuation over time. To Robert Kiyosaki, Bitcoin is on its way to soar toward the $300,000 price mark that he presented recently.
Conclusion
Robert Kiyosaki’s insights challenge the traditional views on bonds and highlight the potential of Bitcoin as a more secure investment. As the financial landscape evolves, his recommendations on investing in real assets like Gold, Silver, and Bitcoin provide a forward-looking perspective for investors seeking stability and growth. The ongoing developments in the crypto ecosystem further bolster the case for Bitcoin, making it a compelling option for those looking to diversify their portfolios.
