Kiyosaki Points to Trillion-Dollar Debt as Key Reason to Invest in Bitcoin

• Kiyosaki sees Bitcoin as key amid U.S. debt growing by $1 trillion every 100 days.
• Kiyosaki trusts Bitcoin, gold, and silver to preserve wealth during economic uncertainty.
• Despite unmet predictions, Kiyosaki remains bullish on Bitcoin’s future potential.

Recently, the author of the famous book “Rich Dad Poor Dad,” Robert Kiyosaki, responded to the growing tendency of the U.S. national debt, stressing the importance of Bitcoin. In a message to his 2.1 million in X, Kiyosaki pointed out the quick growth of national debts to indicate when buying Bitcoin as an invariant asset is appropriate. 

Kiyosaki’s recent tweet drew attention to the alarming rate at which the U.S. national debt is expanding. He pointed out that the debt is growing by a trillion dollars every 100 days, which he describes as highly damaging to the U.S. economy. 

In this context, Kiyosaki stated his belief in the value of gold, silver, and Bitcoin as assets capable of preserving wealth in the face of price rise and economic uncertainty.

Kiyosaki’s advocacy of Bitcoin is anything but new. The entrepreneur has been very vocal about the dangers the U.S. government’s financial policies are causing, such as the extensive money printing in recent years. He called for Bitcoin, gold and silver as an essential means to protect financial stability in the devaluation of traditional fiat currencies.

Earlier this year, Kiyosaki made headlines within the crypto community with his bold prediction that Bitcoin could reach $350,000 by August 2024. This prediction was rooted in his concerns about the U.S. government’s continued monetary expansion and the rapid increase in national debt. However, Kiyosaki clarified that this was a wishful outlook rather than a concrete forecast.

Therefore, Kiyosaki is not disappointed that Bitcoin has not gotten to $350,000, as he believes in the nascent brand new world of cryptocurrencies. In addition to the forecast he had made before this year, he had a goal for Bitcoin at $100,000 by September of 2024, and his faith does not wane on that aspect of the asset even with the current economic struggles. 

As of press time, Bitcoin traded at $60,905.21, showing a 2.68% increase over the past 24 hours. Its 24-hour trading volume is $34.6 billion. Kiyosaki’s emphasis on Bitcoin as a hedge against inflation resonates with many in the financial community as concerns over national debt grow.