Robert Kiyosaki Criticizes US Fed; Lauds Michael Saylor’s Bitcoin Buying Strategy

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As a seasoned analyst with decades of experience navigating economic cycles and market fluctuations, I find Robert Kiyosaki’s stance on Bitcoin and the US Federal Reserve intriguing. Having witnessed the rise and fall of various financial systems throughout my career, I can appreciate the foresight that comes from recognizing the potential of disruptive technologies like Bitcoin.

In a recent post, I, as an analyst, expressed my views on the critique made by Robert Kiyosaki, the author of Rich Dad Poor Dad and a Bitcoin supporter, towards the U.S Federal Reserve. Kiyosaki not only criticized the Fed but also praised Michael Saylor, the founder of MicroStrategy, for his strategic approach to Bitcoin. He highlighted the potential benefits of Bitcoin in helping us navigate financial hardships. This comment is particularly interesting given that I have recently endorsed Saylor’s audacious prediction that Bitcoin could reach $13 million over the next few years.

Robert Kiyosaki Criticizes US Fed & Lauds Michael Saylor’s Bitcoin Push

In a recent article on X, Robert Kiyosaki hailed Saylor as a “genius” for his smart moves in utilizing MicroStrategy’s treasury to buy billions worth of Bitcoin. Kiyosaki highlighted that these daring investments have not only boosted Saylor’s wealth and the profits of his company, but also provided employment opportunities during economically challenging periods.

Challenging critics, Kiyosaki wrote that certain individuals criticizing Saylor for buying Bitcoin instead of gold lacked the foresight to recognize Bitcoin’s potential. While reaffirming his support for gold and silver as investments, he argued that the real problem lies with “fake dollars” printed by the “corrupt central bank..known as the Fed.”

Robert Kiyosaki, the author of Rich Dad Poor Dad, commends Jared Diamond’s decision to invest his company’s resources into Bitcoin, as it is not only making investors wealthier but also creating job opportunities. Interestingly, this praise follows his endorsement of Diamond’s prediction that Bitcoin could reach $13 million in the future, describing it as a smart move for protection against economic unpredictability.

Currently, Michael Saylor and his company MicroStrategy have been actively purchasing Bitcoins without pause. Lately, they’ve secured a $3 billion loan to continue their Bitcoin investments. Earlier, they managed to raise $2.6 billion through 0% convertible notes with the same intention. This has resulted in MSTR‘s stock rising along with the recent increase in Bitcoin’s price, indicating growing market enthusiasm.

BTC Emerges As A Hedge Against Macroeconomic Woes

Robert Kiyosaki’s views are in line with a growing belief that Bitcoin could revolutionize global finance. He emphasized the importance of Bitcoin, gold, and silver as means to challenge an imperfect monetary system. In reference to his work with Donald Trump, Kiyosaki is hopeful about Trump potentially being known as the first “Bitcoin President,” a title reflecting Trump’s supportive views on cryptocurrency.

Significantly, this optimistic outlook isn’t just shared by Kiyosaki, but also by Senator Cynthia Lummis who proposes that creating a Bitcoin reserve could potentially reduce US debt by half within the next two decades. These daring views resonate with evolving market opinions, particularly as the adoption of Bitcoin expands rapidly around the world.

In conclusion, Kiyosaki quoted Larry Lepard saying “To transform the world, let’s change our currency.” His ongoing support for Bitcoin highlights a rising conviction that digital currencies could offer resolutions to worldwide economic issues on a large scale.

As a researcher, I’ve observed an interesting trend with Bitcoin lately. Its price has been on an upward trajectory, but today, there’s been a minor dip, reaching $98,829. In the past 24 hours, it even touched a new all-time high of $99,655. However, data from CoinGlass suggests that Bitcoin Futures Open Interest remains relatively stable, signaling that investors might be holding back, perhaps waiting for the anticipated surge over the weekend before making their next moves.

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2024-11-23 10:26