Robert Kiyosaki Praises Michael Saylor’s $3B Bitcoin Bet, Slams US Fed

Robert Kiyosaki, author of Rich Dad Poor Dad, has again ripped the US Federal Reserve as “corrupt” for their monetary policy.

Meanwhile Kiyosaki is praising MicroStrategy founder Michael Saylor for his bold Bitcoin buying. Saylor’s MicroStrategy just completed a $3 billion note offering to buy more Bitcoin.

They previously raised $2.6 billion with 0% convertible notes. Kiyosaki calls Saylor a “genius” for using his company’s resources to buy billions of BTC/USD to make his shareholders wealthy and employees stable during economic chaos.

While Kiyosaki is still bullish on gold and silver as hedges he says Bitcoin is the only way to fight the flawed monetary system created by “fake dollars” issued by the Federal Reserve.

BTC’s Role in Addressing Global Economic Woes

Kiyosaki’s comments align with the growing narrative that Bitcoin is becoming a hedge against macroeconomic problems. He has been saying the current monetary system is flawed for years and needs to be replaced with decentralized assets like Bitcoin.

Others in the industry agree. Senator Cynthia Lummis recently proposed a Bitcoin reserve to cut US debt in half in 20 years. Kiyosaki says Bitcoin can fight inflation and economic chaos and digital assets are the key to changing global finance.

Kiyosaki also agrees with Saylor that Bitcoin will go to $13 million in the next few years. He says Bitcoin is a tool for individuals to protect their wealth in economic chaos.

Bitcoin’s Price Momentum and Market Optimism

BTC price is still strong. It just hit a new all time high of $99,655 and is consolidating at $98,829. Despite the minor pullback the market is still optimistic with futures open interest flat—traders are waiting for the weekend.

BTC/USD

MicroStrategy’s stock (MSTR) is also up with Bitcoin as the market is optimistic about Saylor’s aggressive BTC buying. With $3 billion raised recently Saylor is not slowing down and Bitcoin is a long term hedge.

Key Takeaways:

  • Robert Kiyosaki criticizes Federal Reserve policies while praising Michael Saylor’s $3B Bitcoin strategy.

  • Bitcoin is gaining recognition as a hedge against inflation and economic uncertainty.

  • BTC recently hit a new all-time high of $99,655, with traders anticipating further gains.

Conclusion:

Bitcoin is changing the world and Kiyosaki and Saylor are proving it. Institutional adoption is happening and public figures like Kiyosaki are calling for change. Bitcoin is a hedge against economic chaos more than ever.

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Arslan Butt
Index & Commodity Analyst
Arslan Butt serves as the Lead Commodities and Indices Analyst, bringing a wealth of expertise to the field. With an MBA in Behavioral Finance and active progress towards a Ph.D., Arslan possesses a deep understanding of market dynamics. His professional journey includes a significant role as a senior analyst at a leading brokerage firm, complementing his extensive experience as a market analyst and day trader. Adept in educating others, Arslan has a commendable track record as an instructor and public speaker. His incisive analyses, particularly within the realms of cryptocurrency and forex markets, are showcased across esteemed financial publications such as ForexCrunch, InsideBitcoins, and EconomyWatch, solidifying his reputation in the financial community.
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