Why I Approved Bitcoin, Author of Rich Dad Poor Dad Expounds

Robert Kiyosaki, the author of Rich Dad Poor Dad, clarified his adoption of Bitcoin as an asset beyond conventional financial markets. Kiyosaki criticized the Fed, calling it a world-controlled “cartel.”

As an asset operating outside the conventional financial system, Robert Kiyosaki clarified his support for Bitcoin. Kiyosaki, the author of the influential Rich Dad Poor Dad financial book, appeared on the podcast of Morgan Creek Digital co-founder Anthony Pompliano in which he discussed the advantages of Bitcoin.

Bitcoin functions as an evasion asset which functions outside of current financial markets, according to Kiyosaki. He stated:

Another purpose I advocate Bitcoin is because you’re not part of the network for one frickin reason: It’s a distinction between my government and my cash.

Kiyosaki frequently referred to the current economic structure as a rigged mechanism and spoke on the Federal Reserve offering bailouts in the wake of the collapse of the coronavirus-induced economy, which saw all major U.S. stock market indices reach the bear market.

He replied Pompliano:

The Fed [Federal Reserve] isn’t a bank, it is a cartel controlled by the world’s richest people which we might never see. The people who run the economy also own the Fed.

Kiyosaki denounced the stimulus program of the government as a handout for U.S. citizens, suggesting that the coronavirus outbreak is “perhaps genuine” and that people will “get overwhelmed” that they will just “take the money.”