Top financial advisor and author Robert Kiyosaki has issued free advice to those who don’t own Bitcoin but prefer saving in fiat currency.
Specifically, the author of the popular investment guide “Rich Dad Poor Dad” did not mince words in a June 6 tweet, calling those yet to buy Bitcoin “losers.” He noted that only losers continue to save in fiat money, which he calls fake, instead of taking the orange pill or investing in gold or silver.
Meanwhile, his comment came as Bitcoin took a dive yesterday. The crypto leader had a long bearish candle wick touch $100,430 on Thursday but has rebounded 2.74% from the low to its current market price.
Don’t Be a Loser: Kiyosaki
Kiyosaki highlighted a common feature among those who stay poor: hesitance in taking an opportunity. The financial guru stressed that those with little financial results usually don’t act when required and later regret it.
He identified phrases like “I would have,” “I could have,” and “I should have” as their mantra and advised against being part of that category of investors. To escape the rat race, Kiyosaki recommended buying Bitcoin, the largest cryptocurrency by market cap.
Remarkably, the author has been vocal about his belief that Bitcoin is the key to financial freedom. Earlier, he had described the premier asset as “the biggest opportunity in history,” disclosing that it was crucial to his wealth amassment.
Today, Kiyosaki took it out on investors who have continually heard his Bitcoin evangelism and remain keen on keeping fiat currencies. The expert reiterated that inflation, among other economic factors, would erode the purchasing power of those “saving fake money” and recommended switching to Bitcoin, an asset widely seen as a store of value and hedge against financial decay.
Notably, Kiyosaki is not alone in this financial sentiment. Venture capitalist Tim Draper asserted that Bitcoin would appreciate infinitely against the US dollar, citing the asset’s admirable qualities and a growing disbelief in fiat currency.
Author Identifies Other Assets to Buy
Meanwhile, Kiyosaki did not recommend just Bitcoin; he also suggested diversifying into gold and silver, the two most valuable precious metals in existence. He stated that he has been recommending these three prominent assets for years, and each has performed exceptionally.
Specifically, he emphasized silver’s room for a twofold rally before the end of the year. The author claimed that silver is a bargain at the current price and predicted a rally to possibly $70 before the year’s end. Remarkably, silver is up 9.65% since Monday, surpassing $36 at the time of writing.
Recall that Kiyosaki also predicted a similar bullish trajectory for Bitcoin, asserting a rally to $200,000 before the end of 2025.
“You are a winner. Please act like one,” Kiyosaki concluded, urging buyers to go buy Bitcoin, gold, or silver now.
At press time, Bitcoin trades for $103,383, up 1.75% since the start of the day.
DisClamier: This content is informational and should not be considered financial advice. The views expressed in this article may include the author's personal opinions and do not reflect The Crypto Basic opinion. Readers are encouraged to do thorough research before making any investment decisions. The Crypto Basic is not responsible for any financial losses.
