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‘Rich Dad’ R. Kiyosaki’s stark warning: Buy Bitcoin before it’s too late

'Rich Dad' R. Kiyosaki's stark warning: Buy Bitcoin before it's too late

Amid his countless warnings of a looming financial crash, Robert Kiyosaki has shared more of his reasoning as to why Bitcoin (BTC), silver, and gold – the last of which has recently reached a new high – are superior to traditional money and require more attention.

Specifically, the renowned investor and author of the best-selling personal finance book ‘Rich Dad Poor Dad’ said that gold reaching a new high (currently at $2,014.89) was great news but that the bad news was that “workers and savers are losers” in an X post on November 26.

Furthermore, to avoid being a loser like the above-mentioned workers and savers, he advised his followers to “get out of FAKE money system” and get into gold, silver, and the flagship decentralized finance (DeFi) asset “now… before it’s too late.”

Bitcoin as protection

Indeed, Kiyosaki’s distrust toward fiat money, particularly the United States dollar, as well as toward governments and central banks issuing them, has been a familiar fact to all of his followers, as he recently argued that such institutions were not there to protect the ordinary people, but banks.

As evidence, he highlighted that those at the top of central banks were buying gold to protect themselves from their own incompetence, urging his followers to “get smart” and save gold, silver, and Bitcoin to protect themselves from central bankers, as Finbold reported on November 13.

Earlier, the author emphasized the importance of financial education, as well as opined that governments did not care about the regular people but that they wanted war and poverty, as he advised his follower base to “work hard, spend wisely, and save gold, silver, and Bitcoin.”

Meanwhile, the maiden cryptocurrency was at press time changing hands at the price of $37,431, recording a decline of 0.97% in the last 24 hours but still holding onto the 0.87% gain across the previous seven days and an increase of 9.83% on its monthly chart, as per data on November 27.

Featured image via Kitco YouTube

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