Major financial gurus like “Rich Dad, Poor Dad” author Robert Kiyosaki have been raising concerns about how many people can reposition and fight this inflationary war with their investment decisions as practically every country on Earth today battles excessive inflation. Once more, Kiyosaki has used the X platform to promote Bitcoin (BTC), maintaining his level of exposure for the cryptocurrency.
In a recent warning, Kiyosaki explained what hyperinflation actually is: it’s the complete opposite of the perception that prices are rising. He emphasised how, in times of hyperinflation, a person’s money really loses purchasing power, which can result in a poor financial condition.
Kiyosaki recommended his more than 2.4 million followers on X to purchase Gold, Bitcoin, and Silver in order to eventually stand tall in order to avoid this.
Avoid being a loser. Buy gold, silver, and Bitcoin to avoid losing money, he emphasised.
Many people have really come to view Bitcoin as a significant hedge against inflation during the last ten years. While Gold now plays the de facto position in the world of investment, Bitcoin has now significantly advanced enough to do so as well.
Bitcoin gaining wings
Along with Kiyosaki’s ongoing advice to buy Bitcoin, other players in the financial sector have recently increased their general support for the leading cryptocurrency, a development that seems to be providing the currency the proper wings to soar.
According to information from CoinMarketCap, the value of the virtual currency is changing hands at the time of writing at a rate of $26,960. Currently, the coin has increased by as much as 62.91% year-to-date (YTD), demonstrating how much better digital currencies than traditional assets, which often depreciate with inflation, can help conserve money and restore value to its holders.
