Financial Guru Robert Kiyosaki Rallies Behind Bitcoin, Slams US Government's Inflationary Folly

Renowned author of "Rich Dad Poor Dad," Robert Kiyosaki, expresses optimism towards Bitcoin (BTC), attributing his stance to the actions of US leaders. Kiyosaki, addressing his 2.5 million followers on social media platform X, criticizes the US government's financial strategies, labeling them as detrimental to American citizens.

Kiyosaki condemns the US government's practice of accumulating substantial debts to sustain the nation's operations. He compares the US dollar to a "giant Ponzi scheme," emphasizing the precariousness of fiat currencies globally.

Robert Kiyosaki Criticizes U.S. Political and Financial Leaders, Calls for Solutions to National Debt and Inflation Issues

Concerned about the competency and integrity of US political and financial leaders, Kiyosaki asserts their inability to address the escalating national debt, bond market volatility, and stock market inflation. He advocates for their resignation, termination, impeachment, or incarceration, accusing them of exploiting both American and global populations.

Data from the US Treasury Department reveals a staggering increase of over $1 trillion in the national debt within five months, reaching a historic high of $34.598 trillion. This exponential rise prompts Kiyosaki to underscore the urgency of the financial predicament facing the nation.

Kiyosaki Predicts Bitcoin to Hit $100,000 by September Based on Metcalfe's Law, Plans Purchase of 10 BTC

Highlighting Bitcoin's robust network, Kiyosaki invokes Metcalfe's Law, which posits that a network's value correlates directly with its user base. He draws parallels between Bitcoin and established networks such as the US dollar and cellphone networks, emphasizing the significance of network strength.

Anticipating Bitcoin's ascent to $100,000 by September, Kiyosaki expresses intent to purchase 10 BTC before the month's end. He underscores Bitcoin's resilience compared to other cryptocurrencies, citing its adherence to Metcalfe's Law as a key factor.

Kiyosaki's endorsement of Bitcoin reflects broader concerns regarding the US government's fiscal policies. His critique, coupled with his bullish stance on Bitcoin, underscores the growing appeal of cryptocurrency amidst economic uncertainty.