Robert Kiyosaki, author of the financial bestseller “Rich Dad, Poor Dad,” has slammed claims about the safety of bonds while simultaneously advocating the purchase of Bitcoin (BTC).
Bond Issues
According to Robert Kiyosaki, the biggest lie financial planners tell potential clients is that bonds are safe. Kiyosaki dismisses this assertion, noting that when commercial real estate crashes, most so-called “sophisticated” investors typically lose money on bonds.
Beyond commercial real estate, financial experts also stressed that “the once-flourishing office real estate market will be unable to make loan payments, and the collapse of AAA bonds will drive so-called 'sophisticated' investors into bankruptcy.”
The reality is that many who desire financial freedom are known to prefer very risky assets like Bitcoin and cryptocurrencies. However, the older investor demographic prefers bonds, which are generally considered to be less compatible with the extreme volatility that investors face on a daily basis. Bonds provide a cushion that investors have held onto for the long term, to a very reliable extent.
The biggest lie financial planners tell gullible retail investors: “Bonds are safe.” When commercial real estate crashes and so-called AAA bonds crash, even so-called “sophisticated” investors lose millions. Once-glam office real estate…
— Robert Kiyosaki (@theRealKiyosaki) May 26, 2024
Robert Kiyosaki's new stance has sparked a new debate. He took his thoughts a step further, saying that the “safe deposit” narrative in mainstream finance is not the safest either. He emphasized that anything that offers investors a risk-free return is the riskiest.
The author of Rich Dad Poor Dad is known for always giving this advice, and has his signature advice on what to invest in for the long term and what to pay attention to. He advised investors to buy real assets such as gold, silver and Bitcoin before the prices of these assets skyrocket, rather than betting on bonds.
Why is Bitcoin ideal now?
Bitcoin and related digital currencies are commonly cited as a top vehicle for injecting capital. This is due to the recent evolution of the cryptocurrency ecosystem. Just this year, approval for a Bitcoin ETF spot was granted by the U.S. Securities and Exchange Commission (SEC), laying the groundwork for institutional capital inflows.
In addition to this, the industry recorded the Bitcoin halving event a few weeks ago, further exacerbating the coin's supply shortage. This could lead to the coin's value continuing to rise over time. For Robert Kiyosaki, Bitcoin is on its way to skyrocketing towards the $300,000 price level he recently put forward.
Read more: Coinbase and SEC file proposed agreement and protective order
