In a recent X post, Rich Dad Poor Dad Author and Bitcoin supporter Robert Kiyosaki criticized the US Federal Reserve. Kiyosaki also lauded MicroStrategy founder Michael Saylor’s Bitcoin strategy, citing the potential of BTC to avoid financial difficulties. Notably, this comment also comes after the author recently backed Saylor’s bold forecast for BTC to hit $13 million over the next years.

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

In a recent post on X, Robert Kiyosaki called Saylor a “genius”, praising his strategic use of MicroStrategy’s treasury to purchase billions in Bitcoin. Kiyosaki emphasized that such bold investments had enriched Saylor, his company, and shareholders while also securing jobs during turbulent financial times.

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.”

The Rich Dad Poor Dad author lauds Saylor for using his company’s resources to invest in Bitcoin as it is making investors richer and securing jobs. Notably, this comment comes just after he backed Saylor’s prediction of Bitcoin reaching $13 million in the coming years, calling it a strategic hedge against economic uncertainty.

Meanwhile, Michael Saylor’s Bitcoin buying spree has been relentless. MicroStrategy recently closed a $3 billion note offering to fund additional Bitcoin acquisitions. Earlier, MicroStrategy raised $2.6 billion in 0% convertible notes for the same purpose. The company’s stock, MSTR, has rallied alongside Bitcoin’s recent price surge, signaling heightened market optimism.

BTC Emerges As A Hedge Against Macroeconomic Woes

Robert Kiyosaki’s remarks align with growing sentiment around Bitcoin’s role in reshaping global finance. He highlighted the significance of Bitcoin, gold, and silver as tools to combat a flawed monetary system. Referring to his collaborations with Donald Trump, Kiyosaki expressed optimism about Trump’s potential to become the first “Bitcoin President,” a title resonating with Trump’s pro-crypto stance.

Notably, this wave of optimism isn’t limited to Kiyosaki. Senator Cynthia Lummis recently suggested that building a Bitcoin reserve could slash US debt by half in two decades. These bold perspectives align with shifting market narratives, especially as Bitcoin adoption accelerates globally.

Meanwhile, Kiyosaki ended his post citing a Larry Lepard quote: “To change the world, change our money.” His continued advocacy for Bitcoin underscores the growing belief that digital assets may provide a solution to global macroeconomic challenges.

Notably, BTC price today has continued its upward run recently, noting a slight decline today, and exchanged hands at $98,829. The crypto has touched a new ATH of $99,655 in the last 24 hours. However, CoinGlass data showed that BTC Futures Open Interest stayed near the flatline, indicating that the investors are taking a pause before the anticipated weekend rally.

The post Robert Kiyosaki Criticizes US Fed; Lauds Michael Saylor’s Bitcoin Buying Strategy appeared first on CoinGape.

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Filed under: News - @ November 23, 2024 7:23 am