The author of ‘Rich Dad Poor Dad’ Robert Kiyosaki, has broken his silence on the real reason he invests in Bitcoin (BTC) as an asset. In a post on X titled ‘ARE YOU BREAKING the LAWS?,’ he spoke directly to those violating the core principles about money, highlighting why they are poor. While not uncommon, this latest post justifies his adoption of Bitcoin as a store of value.
According to the financial expert, the poor violate two important laws of money: Gresham’s Law and Metcalf’s Law.
Gresham’s law states that when bad money enters a system, good money goes into hiding. He slammed those who save fake money while shunning real money. He named his three favorites, which include Gold, Silver, and Bitcoin.
Under Metcalf’s law, or the law of networks, Robert Kiyosaki described the power of networks in building confidence. While he named rich companies like FEDEX and McDonald’s that leveraged networks, he also pointed out poor establishments like Mom Pop Burgers.
The Rich Dad Poor Dad author said that Bitcoin is a network, which is why he invests in the coin. He said most cryptocurrencies are not networks and reiterated his advice to follow the law to get rich.
Beyond Robert Kiyosaki, other top Wall Street leaders also bet on Bitcoin as a reserve asset. A prominent example is Michael Saylor, whose firm, Strategy Inc., is the biggest corporate holder of the top coin.
Earlier this week, Strategy bought 7390 BTC for $764 million. This purchase brought the company’s total holdings to 576,230 BTC, which it acquired for $40.18 billion at an average price of $69,726 per BTC.
In his post, Kiyosaki referenced a quote from Michael Saylor where the latter advised to “only invest in things… a rich person will buy from you.”
He asked his more than 2.7 million followers to obey the laws and save Bitcoin.
It is worth noting that Robert Kiyosaki is one of the early advocates of Bitcoin. He has always shared insight on the coin’s prospects. As reported earlier by CoinGape, Kiyosaki issued a $500,000 BTC price target on the grounds that hyper-inflation is at play.
Other market experts are also convinced that Bitcoin has what it takes to hit higher highs in the near term. Leveraging macroeconomic trends earlier, Bitcoin breached its ATH and set a new one at $111,970.16.
The price has reversed this growth slightly in the past few days. Per data from CoinMarketCap, the coin was changing hands at $109,073, up 0.73% at the time of writing.
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