Robert Kiyosaki Advice on Crypto Investment

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Robert Kiyosaki’s financial advice, especially about cryptocurrencies like Bitcoin, can be broken down into simpler terms.

Here’s a summary:

His Main Ideas:

  • Don’t Trust Paper Money:
    • Kiyosaki thinks that the money governments print (like the U.S. dollar) loses value over time. He believes governments print too much money, which causes prices to go up (inflation).
  • Buy “Real Things”:
    • He says it’s better to own “real things” that hold their value. These include:
      • Gold and Silver: He sees these as safe places to keep your money.
      • Real Estate: He believes owning property that brings in money is a good investment.
      • Bitcoin: He thinks of Bitcoin as “digital gold” and a way to protect your money.
  • Learn About Money:
    • He believes schools don’t teach people how to handle money. So, you need to learn about it yourself.
  • Be Your Own Boss:
    • He thinks it’s better to start your own business than to work for someone else.
  • Why He Likes Bitcoin:
    • He likes that no government controls Bitcoin.
    • There’s a limited amount of Bitcoin, which he thinks will make it more valuable.
    • He prefers people to own the bitcoin directly, and is wary of bitcoin ETF’s.
  • Market drops are buying opportunities:
    • He believes that when the price of bitcoin drops, that this is a good time to buy more.

In simple words:

Kiyosaki believes that the traditional financial system is risky, and that assets like Bitcoin, gold, and real estate are safer. He strongly encourages people to educate themselves financially, and to find ways to generate their own income, instead of relying on traditional employment.

Important Note:

  • It’s always important to remember that investing has risks.
  • Do your own research before you invest your money.

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