Skip to content

‘Rich Dad’ Robert Kiyosaki admits he knows ‘nothing about Bitcoin’

'Rich Dad' Robert Kiyosaki admits he knows ‘nothing about Bitcoin’

As he continues to warn about a major economic crash and the decline of the United States dollar (USD), the investor and author of the best-selling personal finance book ‘Rich Dad Poor Dad’ Robert Kiyosaki has reiterated why Bitcoin (BTC) and silver should be in everyone’s portfolio.

Specifically, Kiyosaki was discussing Bitcoin and silver, as well as their place in the financial world, with Miles Franklin Precious Metals Investments CEO Andy Schectman, and radio talk-show host and author of ‘Red and Blue and Broke All Over’ Charles Goyette, for ‘The Rich Dad Channel’ episode streamed on January 24.

‘Gold, silver, and Bitcoin’

While admitting he did not know much about the flagship decentralized finance (DeFi) asset, the ‘Rich Dad Poor Dad’ author said he believed in Bitcoin’s success because of the “very smart people” who have invested in it and endorsed it. As he explained:

“I always say ‘gold, silver, and Bitcoin,’ I know nothing about Bitcoin. I just know some very smart people are in it, and thank God I bought early.”

On the other hand, Goyette was more cautious, arguing he would “rather take my chances with that which has proven valuable, durable, liquid, and desirable for thousands of years and let other people test Bitcoin at their own expense, not at mine.”

However, Schectman voiced his opinion that it did not have to be the ‘either/or’ situation because “they speak the same language, and I respect that they are both pushing against a braindead monetary system, and it has inspired a generation of younger people who have awoken to that.”

“I think the problem is people thinking it has to be one of the other. There’s room in a portfolio for both. They both are trying to accomplish the same thing.”

As a reminder, Kiyosaki is a staunch supporter of Bitcoin, and he has previously shared his bullish predictions that the price of the maiden cryptocurrency could reach as high as $1 million if the world economy crashed, albeit later correcting them, but still advising his followers to pay attention to the Bitcoin halving.

Meanwhile, the largest asset in the crypto industry by market capitalization was trading at $42,284, which represents a decline of 0.73% in the last 24 hours but still recording a 4.06% advance over the previous seven days and a gain of 1.22% in the last month, as per Finbold data on January 29.

Watch the entire video below:

Disclaimer: The content on this site should not be considered investment advice. Investing is speculative. When investing, your capital is at risk.

Best Crypto Exchange for Intermediate Traders and Investors

  • Invest in 70+ cryptocurrencies and 3,000+ other assets including stocks and precious metals.

  • 0% commission on stocks - buy in bulk or just a fraction from as little as $10.

  • Copy top-performing traders in real time, automatically.

  • Regulated by financial authorities including FCA and FINRA.

2.8 Million Users
eToro is a multi-asset investment platform. The value of your investments may go up or down. Your capital is at risk. eToro USA LLC does not offer CFDs, only real Crypto assets available. Don’t invest unless you’re prepared to lose all the money you invest.

Read Next:

Weekly Finance Digest

By subscribing you agree with Finbold T&C’s & Privacy Policy

Related posts