Robert Kiyosaki: Ditch Traditional Currencies and Invest in Alternatives

Financial expert and author of "Rich Dad Poor Dad," Robert Kiyosaki, has advised his followers to steer clear of traditional currencies and instead focus on accumulating wealth in alternative assets such as precious metals and cryptocurrencies.

Kiyosaki singled out silver as his top short-term investment choice.

In a tweet, Kiyosaki said, "For many years, I have been advising people not to save 'fake money' or FIAT government money. Instead, I have recommended saving real gold and silver coins…recently Bitcoin (BTC). Unfortunately, most people earn and save 'fake money.'

Kiyosaki believes that savers of traditional currencies are losing purchasing power due to what he refers to as "government theft known as 'inflation.'" He encouraged his followers to start working for and saving gold, silver, and Bitcoin as a safeguard against this devaluation.

Kiyosaki expressed particular optimism about silver's prospects in the next two months, stating, "Today silver is about $35 an ounce. I believe silver may soon reach $70 an ounce this year and $200 in a year or two."

The financial educator also highlighted silver's accessibility, noting that almost everyone can afford at least one silver coin today.

In a tweet from March 24, Kiyosaki addressed the psychological barriers that prevent people from investing in assets like Bitcoin.

"Most of us have heard of FOMO: Fear Of Missing Out. Yet…the main reason poor people remain poor is due to FOMM: Fear of Making Mistakes," Kiyosaki wrote. He argued that Bitcoin has made it easy for everyone to become rich, but many will miss the opportunity due to this fear of making mistakes.

According to Kiyosaki, "the FOMO crowd investing in Bitcoin will accelerate into generational wealth" while "the FOMM crowd will wait till Bitcoin passed $200k this year and say 'Bitcoin is too expensive.'"

Kiyosaki recommended that his audience conduct independent research by following figures who both support and criticize Bitcoin, such as Jeff Booth, Michael Saylor, and Samson Mow.

The financial author emphasized that "the most important financial education is no longer from schools or Wall Street" but is freely available through platforms like YouTube.