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

10 April 2020 | Updated: 10 April 2020

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.”

  • Broker
  • Benefits
  • Min Deposit
  • Score
  • Visit Broker
  • Fund Moneta Markets account with a minimum of $250
  • Opt in using the form to claim your 50% deposit bonus
$250 Min Deposit
9
  • 20% welcome bonus of upto $10,000
  • Minimum deposit $100
  • Verify your account before the bonus is credited
$100 Min Deposit
9
  • The Lowest Trading Costs
  • 50% Welcome Bonus
  • Award-winning 24 Hour Support
$200 Min Deposit
9
  • Award-winning Cryptocurrency trading platform
  • 14 Cryptoassets available to invest in
  • FCA & Cysec regulated
$200 Min Deposit
9.8

Highly volatile unregulated investment products. No EU investor protection.

  • Over 100 different financial products
  • Invest from as little as $10
  • Same-day withdrawal is possible
$100 Min Deposit
9.8
  • Trade top Cryptos such as Bitcoin, Litecoin and Ethereum plus more
  • Zero commissions and no bank fees on transactions
  • Around the clock service with support in 14 languages
$100 Min Deposit
8.5
  • Award-winning Cryptocurrency trading platform
  • $100 minimum deposit,
  • FCA & Cysec regulated
$100 Min Deposit
9.8
Share with other traders!

Azeez Mustapha

Azeez Mustapha is a trading professional, currency analyst, signals strategist, and funds manager with over ten years of experience within the financial field. As a blogger and finance author, he helps investors understand complex financial concepts, improve their investing skills, and learn how to manage their money.