{"id":16177,"date":"2024-08-17T17:35:52","date_gmt":"2024-08-17T14:35:52","guid":{"rendered":"https:\/\/forklog.com\/en\/robert-kiyosaki-criticizes-the-fed-urges-bitcoin-investment\/"},"modified":"2024-08-17T17:35:52","modified_gmt":"2024-08-17T14:35:52","slug":"robert-kiyosaki-criticizes-the-fed-urges-bitcoin-investment","status":"publish","type":"post","link":"https:\/\/forklog.com\/en\/robert-kiyosaki-criticizes-the-fed-urges-bitcoin-investment\/","title":{"rendered":"Robert Kiyosaki Criticizes the Fed, Urges Bitcoin Investment"},"content":{"rendered":"<p>Author of the bestseller &#8220;Rich Dad, Poor Dad&#8221; and entrepreneur Robert Kiyosaki has criticized the U.S. Federal Reserve and once again urged the purchase of gold, silver, and the leading cryptocurrency.<\/p>\n<blockquote class=\"twitter-tweet\">\n<p lang=\"en\" dir=\"ltr\">WHY do people look to the Fed for guidance? The Fed is the problem. <\/p>\n<p>People as \u201cAre we in recession?\u201d All a person needs to do is go shopping and look at stores having 60% off sales. <\/p>\n<p>Even a used clothing store near me is having a sale. <\/p>\n<p>The Fed is made up of PhDs like my\u2026<\/p>\n<p>\u2014 Robert Kiyosaki (@theRealKiyosaki) <a href=\"https:\/\/twitter.com\/theRealKiyosaki\/status\/1824547779831861612?ref_src=twsrc%5Etfw\">August 16, 2024<\/a><\/p><\/blockquote>\n<p> <script async=\"\" src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<blockquote class=\"wp-block-quote is-layout-flow wp-block-quote-is-layout-flow\"><p>\n<cite>&#8220;Why do people look to the Fed for help? The Fed is the problem. [\u2026] The Fed is made up of PhDs, like my poor dad. Highly educated poor people,&#8221; he wrote.<\/cite><\/p><\/blockquote>\n<p>According to Kiyosaki, his rich dad often said that PhD stands for <span data-descr=\"originally Poor, Helpless, Desperate\" class=\"old_tooltip\">&#8220;poor, helpless, and desperate&#8221;<\/span>.<\/p>\n<blockquote class=\"wp-block-quote is-layout-flow wp-block-quote-is-layout-flow\"><p>\n<cite>&#8220;The Fed cannot save you. It&#8217;s time to save yourself. Buy more gold, silver, bitcoin and stop listening to highly educated poor people,&#8221; the investor added.<\/cite><\/p><\/blockquote>\n<p>In January, amid the <a href=\"https:\/\/forklog.com\/en\/news\/sec-approves-all-11-spot-bitcoin-etf-applications\">approval<\/a> of spot bitcoin ETFs in the U.S., Kiyosaki predicted a <a href=\"https:\/\/forklog.com\/en\/news\/robert-kiyosaki-predicts-bitcoin-surge-to-150000-following-etf-approval\">price surge to $150,000<\/a>. The entrepreneur urged exchanging &#8220;fake dollars&#8221; for gold, silver, and the leading cryptocurrency.<\/p>\n<p>Later, he <a href=\"https:\/\/forklog.com\/en\/news\/robert-kiyosaki-describes-bitcoin-as-a-safeguard-against-wealth-theft\">explained<\/a> that he views bitcoin as &#8220;protection against the theft of savings&#8221; by authorities and bankers through inflation, taxes, and stock price manipulation. For this reason, he prefers investing in digital gold and encourages others to do the same.<\/p>\n<p>Back in March, Kiyosaki <a href=\"https:\/\/forklog.com\/en\/news\/robert-kiyosaki-raises-bitcoin-forecast-to-300000\">predicted<\/a> bitcoin would rise to $300,000 this year. In April, he <a href=\"https:\/\/forklog.com\/en\/news\/robert-kiyosaki-predicts-u-s-economic-collapse\">called the U.S. bankrupt<\/a>.<\/p>\n<p>In June, the investor stated that the leading cryptocurrency would reach $300,000 by August 25. According to him, digital gold is the easiest path to becoming a millionaire.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Author of the bestseller &#8220;Rich Dad, Poor Dad&#8221; and entrepreneur Robert Kiyosaki has criticized the U.S. Federal Reserve and once again urged the purchase of gold, silver, and the leading cryptocurrency. WHY do people look to the Fed for guidance? The Fed is the problem. People as \u201cAre we in recession?\u201d All a person needs [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":16176,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"select":"","news_style_id":"","cryptorium_level":"","_short_excerpt_text":"","creation_source":"","_metatest_mainpost_news_update":false,"footnotes":""},"categories":[3],"tags":[1249,1138,1147],"class_list":["post-16177","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news-and-analysis","tag-federal-reserve-system","tag-opinions","tag-robert-kiyosaki"],"aioseo_notices":[],"amp_enabled":true,"views":"46","promo_type":"","layout_type":"","short_excerpt":"","is_update":"","_links":{"self":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts\/16177","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/comments?post=16177"}],"version-history":[{"count":0,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts\/16177\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/media\/16176"}],"wp:attachment":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/media?parent=16177"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/categories?post=16177"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/tags?post=16177"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}