Robert Kiyosaki calls Bitcoin “people’s money” amid LA unrest, urging BTC, gold, and silver as safer options over fiat currencies.
Robert Kiyosaki, the author of Rich Dad Poor Dad, has referred to Bitcoin as “people’s money” in the wake of recent unrest in Los Angeles caused by immigration seizures.
He has also expressed apprehensions regarding the economy.
Kiyosaki’s remarks coincide with demonstrations regarding controversial immigration policies and law enforcement actions.
He maintains that these incidents indicate more extensive global unrest, which he contends is a component of a more extensive cycle of societal upheaval.
Robert Kiyosaki’s Perspective On Financial System Reform, Bitcoin
Robert Kiyosaki, the author of Rich Dad Poor Dad, has long maintained his advocacy for financial independence in opposition to the conventional banking systems.
He proposes that Bitcoin, in addition to gold and silver, offers an alternative to the fiat currency that central banks manipulate.
Kiyosaki stated that Bitcoin is the currency of the people, while gold and silver are the currency of God.
He has maintained that these three assets offer individuals a means to safeguard their money from inflation and the government.
In particular, the financial expert is notably critical of the “fake money” that central banks generate.
Robert Kiyosaki contends that central banking is corrupt and appropriates the average person’s wealth.
He clarified that it is a more secure strategy to preserve wealth than to invest in physical assets such as gold, silver, and Bitcoin, which are not reliant on government debt.
Global Unrest, Riots In Los Angeles
The unrest in Los Angeles, which was precipitated by immigration raids conducted by U.S. Immigration and Customs Enforcement (ICE), was followed by widespread demonstrations.
The protests, which persisted for several days, are a component of a global disturbance wave.
Moreover, in countries such as Japan, China, and France, individuals have rioted against governmental policies and economic systems, and such disturbances have also occurred.
President Donald Trump dispatched the National Guard to restore order in Los Angeles in response to the violence.
The division is further exacerbated by Governor Gavin Newsom’s declaration that he intends to file a lawsuit against the Trump administration in response to its federal response.
Kiyosaki connects the issues outlined in The Fourth Turning by Strauss and Howe and the unrest in Los Angeles and other global demonstrations.
According to the author of Rich Dad Poor Dad, societies that undergo “fourth turnings,” or cyclical periods of crisis, are characterized by social and economic upheaval.
As per Kiyosaki, this current cycle is primarily concerned with money and financial dominion.
Concerns Regarding Financial Systems, Economy Of United States
Robert Kiyosaki’s apprehensions regarding the U.S. economy are not restricted to riots and demonstrations.
Additionally, he has expressed concern regarding the recent bond auctions and the current status of U.S. government debt.
According to Kiyosaki, the Federal Reserve was compelled to acquire $50 billion in bonds to avert a financial crisis, as no purchasers attended the U.S. Treasury’s bond auction on May 20.
Investors may lose confidence in the U.S. dollar due to these practices, which could lead them to consider alternative investment options, such as Bitcoin, as more secure.
Kiyosaki predicts that Bitcoin’s value could increase to between $500,000 and $1 million due to “distrust” in a conventional financial system.
Subsequently, he advises that it is prudent to diversify into assets such as gold, silver, and Bitcoin, as conventional currencies are currently unreliable to save in.
Furthermore, these investments serve as a hedge against inflation and enable individuals to accumulate wealth that surpasses the confines of government-controlled financial systems.
