- In a recent podcast, financial expert Robert Kiyosaki advocated for crypto investments, specifically Ethereum and Bitcoin, as a hedge against the diminishing value of the United States Dollar (USD).
- Kiyosaki, who has been investing in Bitcoin for about 10 years and recently expanded into Ethereum, encourages investors to diversify assets into tangible resources and digital currencies.
- Despite his skepticism regarding the credibility of the US dollar, Kiyosaki emphasizes that the crucial point is diversifying into a valuable asset that would not depreciate like the US dollar.
Robert Kiyosaki, author of “Rich Dad Poor Dad,” advocates for crypto investments as a hedge against the diminishing value of the USD. He encourages investors to diversify assets into tangible resources and digital currencies.
Ethereum To Serve As Hedge Against Currency Depreciation
During a recent episode of ‘The Rich Dad Channel’ podcast, Robert Kiyosaki discussed the importance of investing and saving in digital currencies. He suggested that cryptocurrencies could be a possible hedge against risks associated with fiat currencies, particularly the US dollar. Kiyosaki, a long-time advocate of digital currencies, has consistently encouraged investors to allocate funds to crypto assets to safeguard their wealth against inflation and other economic conditions.
Kiyosaki’s Support for Ethereum and Bitcoin
While acknowledging his limited understanding of Bitcoin, Kiyosaki expressed his support for Ethereum and other precious metals like gold and silver. He believes that the declining value of the US dollar will further deteriorate over time as the debt crisis worsens. Kiyosaki disclosed that he avoids saving his funds in fiat currency, emphasizing that “savers were losers.” He revealed that he started saving Bitcoin approximately 10 years ago and has more recently expanded into Ethereum.
Kiyosaki Loses Faith In The US Dollar
In the podcast, Kiyosaki declared that he had lost faith in the US dollar, citing market vulnerabilities and crippling debts totalling trillions of dollars. He disclosed in a post in late April that the American economy was currently experiencing a depression. Kiyosaki also cautioned that the broader market crash had commenced, emphasizing that “crashes were the best time to get rich,” and urging investors to capitalize on the opportunity by investing when prices have bottomed.
Conclusion
Robert Kiyosaki’s advocacy for crypto investments, particularly Ethereum and Bitcoin, underscores the growing recognition of digital currencies as a viable investment option. As the value of the US dollar continues to diminish, Kiyosaki’s insights provide a compelling argument for diversification into digital currencies and tangible resources. His perspective serves as a valuable guide for investors navigating the current economic landscape.
