Rich Dad Poor Dad author Robert Kiyosaki has revealed his reasons for trusting bitcoin and advocating “the Bitcoin Standard,” sharing a bold vision for the future of money.
Robert Kiyosaki Explains Why He Trusts BTC and Supports Bitcoin Standard
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Why I Love Bitcoin: Kiyosaki Reveals His Faith in a New Financial Standard
Robert Kiyosaki, author of Rich Dad Poor Dad, has expressed his strong support for bitcoin as an alternative to traditional currency, promoting it as a pathway to economic abundance. Rich Dad Poor Dad, a 1997 book co-authored by Kiyosaki and Sharon Lechter, has earned global acclaim, spending over six years on the New York Times Best Seller list, with over 32 million copies sold across 51 languages in more than 109 countries.
In a Nov. 1 post on social media platform X, Kiyosaki contrasted bitcoin’s potential to promote affordability with what he sees as the limitations of fiat currency. He explained: “When money is abundant … then products of life … become plentiful and inexpensive. That is why I love bitcoin and life. When money becomes scarce and expensive … so does the price of life and the abundances of life.” The influential author continued:
I support the Bitcoin Standard of life … Because I love the abundance and lower price of life for everyone, not just the rich.
Concluding his post with a call to action, he asked: “I vote for ‘the Bitcoin Standard.’ What will you vote for?”
The “ Bitcoin Standard” is a term popularized by economist Saifedean Ammous in his 2018 book, The Bitcoin Standard: The Decentralized Alternative to Central Banking. It refers to the idea of using BTC as a foundational currency or “standard” in a global economy, similar to how the gold standard functioned historically. Under a bitcoin standard, BTC would replace or complement fiat currencies as a primary store of value and potentially as a medium of exchange. The idea is rooted in bitcoin’s decentralized, limited-supply structure, which advocates believe could serve as a hedge against inflation and centralized monetary manipulation.
The acclaimed author often voiced his view that BTC is a hedge against inflation and economic instability, frequently criticizing fiat currency, particularly the U.S. dollar, which he labels “fake money” due to its declining purchasing power and inflation vulnerability. He promotes bitcoin as “people’s money” and a preferred store of value over traditional savings, viewing it as a way to preserve wealth during economic shifts. He also describes gold and silver as “God’s money.”
In another post on X this week, Kiyosaki explained his preference for bitcoin over fiat currency, stating:
Why I love bitcoin: When I save FAKE fiat U.S. dollars I grow poorer. When I save bitcoin I grow richer. That’s why I love bitcoin.
The Rich Dad Poor Dad author has also made ambitious predictions for bitcoin’s future price, suggesting it could reach $500,000 by 2025. He attributes this potential rise to inflation, currency devaluation, and diminishing public trust in central banks. Kiyosaki argues that policies like the Federal Reserve’s extensive money printing will drive investors toward BTC, gold, and silver. He believes the world’s largest cryptocurrency will not only retain value during economic uncertainty but also appreciate significantly as more people seek alternatives to fiat currency. Last week, he urged his followers to increase their bitcoin holdings, forecasting a sharp rise in value.
