The Best Decision Is To ‘Buy Bitcoin (BTC),’ Robert Kiyosaki Urges

Samuel Edyme

1 year ago

3 mins read

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Renowned financial guru, entrepreneur, and bestselling author of “Rich Dad Poor Dad,” Robert Kiyosaki, has once again made headlines with his latest Twitter remarks on the importance of Bitcoin in the face of growing US debt.

As the US economy continues to deteriorate and the country’s debt ceiling discussions take center stage, Kiyosaki emphasizes the urgency of securing one’s financial future by investing in alternative assets, including the top cryptocurrency Bitcoin.

The State Of The US Economy

Robert Kiyosaki begins by shedding light on the deteriorating state of the US economy, expressing concern over the growing national debt. With Congress currently discussing raising the US debt ceiling to $31.4 trillion to avoid blemish, Kiyosaki dismisses it as nothing more than “kabuki theater.”

Drawing attention to the dire financial situation, he asserts that the US is already bankrupt, citing unfunded liabilities, such as Social Security, which surpass $250 trillion.

Furthermore, Kiyosaki highlights the size of the financial market’s “derivative assets,” amounting to thousands of trillions of dollars. Against this backdrop, he presents his solution: investing in tangible assets like gold, silver, and digital gold – Bitcoin.

The Bestselling author of “Rich Dad Poor Dad” noted:

Politicians debating raising $30 trillion US debt limit bad comedy, “kabuki theater.” Facts are: US [is] bankrupt. Unfunded liabilities [such] as Social Security are over $250 trillion. Financial market “derivative assets” [are] measured in quadrillions…thousands of trillions. WTF. Buy G,S, BC.

Robert Kiyosaki has since been a vocal advocate for Bitcoin, emphasizing the top crypto value for several years. During the onset of the pandemic in 2020, as the US government printed trillions of dollars to stimulate the economy, Kiyosaki voiced his concerns regarding the lack of backing and the inflationary risks associated with fiat currency.

He famously referred to these newly printed dollars as “fake money,” warning of the consequences of such actions. With over $6 trillion already printed in 2020 alone, Kiyosaki anticipates that the ongoing printing spree will cause Bitcoin’s price to surge to approximately $500,000 by 2025.

Bitcoin Downtrend Amid Buy Signal

Meanwhile, despite the buy signal from Kiyosaki, Bitcoin has shown no uptick but instead a continuous decline. Over the past 24 hours, Bitcoin has experienced a 1% decline, while the past seven days have seen a dip of 3.1%.

Bitcoin (BTC)'s price chart on TradingView — Bitcoin (BTC)’s price moving sideways on the 4-hour chart. Source: BTC/USDT on TradingView.com

At the time of writing, the top crypto currently trades at $26,412. Bitcoin’s trading volume has, however, surged in the past 7 days indicating a possible short-term downward pressure. The asset’s trading volume has spiked from a low of $15.3 billion last Thursday to a high of $17.6 billion in the past 24 hours.

Furthermore, over the past week, Bitcoin has recorded a loss of over $10 billion from its market capitalization down by nearly 4%. The asset’s market cap has plunged from a high of $528 billion last Thursday to a cap low of $511 billion as of today.

Featured image from Shutterstock, chart from TradingView.com

Samuel Edyme

Meet Samuel Edyme, Nickname - HIM-buktu. A web3 content writer, journalist, and aspiring trader, Edyme is as versatile as they come. With a knack for words and a nose for trends, he has penned pieces for numerous industry player, including AMBCrypto, Blockchain.News, and Blockchain Reporter, among others.

Edyme’s foray into the crypto universe is nothing short of cinematic. His journey began not with a triumphant investment, but with a scam. Yes, a Ponzi scheme that used crypto as payment roped him in. Rather than retreating, he emerged wiser and more determined, channeling his experience into over three years of insightful market analysis.

Before becoming the voice of reason in the crypto space, Edyme was the quintessential crypto degen. He aped into anything that promised a quick buck, anything ape-able, learning the ropes the hard way. These hands-on experience through major market events—like the Terra Luna crash, the wave of bankruptcies in crypto firms, the notorious FTX collapse, and even CZ’s arrest—has honed his keen sense of market dynamics.

When he isn’t crafting engaging crypto content, you’ll find Edyme backtesting charts, studying both forex and synthetic indices. His dedication to mastering the art of trading is as relentless as his pursuit of the next big story. Away from his screens, he can be found in the gym, airpods in, working out and listening to his favorite artist, NF. Or maybe he’s catching some Z’s or scrolling through Elon Musk’s very own X platform—(oops, another screen activity, my bad…)

Well, being an introvert, Edyme thrives in the digital realm, preferring online interaction over offline encounters—(don’t judge, that’s just how he is built). His determination is quite unwavering to be honest, and he embodies the philosophy of continuous improvement, or “kaizen,” striving to be 1% better every day. His mantras, “God knows best” and “Everything is still on track,” reflect his resilient outlook and how he lives his life.

In a nutshell, Samuel Edyme was born efficient, driven by ambition, and perhaps a touch fierce. He’s neither artistic nor unrealistic, and certainly not chauvinistic. Think of him as Bruce Willis in a train wreck—unflappable. Edyme is like trading in your car for a jet—bold. He’s the guy who’d ask his boss for a pay cut just to prove a point—(uhhh…). He is like watching your kid take his first steps. Imagine Bill Gates struggling with rent—okay, maybe that’s a stretch, but you get the idea, yeah. Unbelievable? Yes. Inconceivable? Perhaps.

Edyme sees himself as a fairly reasonable guy, albeit a bit stubborn. Normal to you is not to him. He is not the one to take the easy road, and why would he? That’s just not the way he roll. He has these favorite lyrics from NF’s “Clouds” that resonate deeply with him: “What you think's probably unfeasible, I've done already a hundredfold.”

PS—Edyme is HIM. HIM-buktu. Him-mulation. Him-Kardashian. Himon and Pumba. He even had his DNA tested, and guess what? He’s 100% Him-alayan. Screw it, he ate the opp.

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