The author of ‘Rich Dad, Poor Dad’ names Bitcoin as an antidote to hyperinflation

The author of 'Rich Dad, Poor Dad' names Bitcoin as an antidote to hyperinflation
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While almost every country on Earth today struggles with excessive inflation, leading financial experts like “Rich Dad Poor Dad” author Robert Kiyosaki have been sounding the alarm about how many can reposition themselves and wage this inflationary war with their investment options. Once again, Kiyosaki has taken advantage of the X platform to advocate for Bitcoin (BTC), keeping its advertising for the currency constant.

In his recent warning, Kiyosaki defined what hyperinflation represents, which is not the misconception that the price is rising, but exactly the opposite. He highlighted that with hyperinflation, the purchasing power of someone’s money is actually decreasing, a situation that can present a poor economic state.

To avoid this, Kiyosaki advised his more than 2.4 million followers on X to buy gold, Bitcoin and silver to stand tall later.

‘Don’t be a loser. Buy gold, silver and Bitcoin and be a winner, not a loser,” she said emphatically.

Over the past decade, many have come to view Bitcoin as an important hedge against inflation of late. While gold takes on the de facto role in the investment world, Bitcoin is now evolving enough to take on this role as well.

Bitcoin gaining wings

In addition to Kiyosaki’s constant call to buy Bitcoin, many entities in the financial ecosystem are notably doubling down on their overall adoption of the leading cryptocurrency in recent times, a trend that appears to be giving the currency the right-sized wings to fly.

At the time of writing, the digital currency is changing hands at a price of $26,960, according to data from CoinMarketCap. At the moment, the coin has soared as much as 62.91% year-to-date (YTD), lending credence to how well the digital currency can help preserve capital and return value to its holders compared with traditional assets that generally depreciate. with inflation.

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