Robert Kiyosaki Slams “Bonds Are Safe” Claims, Advocates Buying Bitcoin

Godfrey Benjamin
May 27, 2024
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Is Robert Kiyosaki's Bitcoin Crash Prediction Coming True?

Highlights

  • Robert Kiyosaki has revealed that there's noting like a safe bond
  • He believes the asset class and safe deposit concept are also susceptible to different risks
  • The financial author has advocated buying Bitcoin before all the Bond prices crashes.

Robert Kiyosaki, the Author of the Financial Bestseller “Rich Dad Poor Dad” has slammed the narrative around the safety of Bonds, advocating buying Bitcoin (BTC) at the same time.

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The Issue With Bonds 

According to Robert Kiyosaki, the biggest lie that financial planners tell their prospective clients is that “Bonds Are Safe.” Discounting these claims, Kiyosaki noted that most of the so-called “sophisticated” investors generally take losses on their bonds when commercial real estate plunges.

Beyond commercial real estate, the financial expert also highlighted that the “once glamorous office real estate market cannot make loan payments which will take down so-called ‘sophisticated’ investors when AAA bonds crash.”

In reality, many who desire financial freedom are known to embrace highly risky assets like Bitcoin and crypto. However, older investor class prefer Bonds, which are deemed to be generally non-conforming to the extreme volatility that investors face daily. Bonds to a very reliable extent provides a cushion that investors have held onto over time.

Robert Kiyosaki’s new stance has sparked a new basis for debate. He took his own counsel further when he stated that the “safe deposit” narrative in mainstream finance is not the safest thing as well. He emphasized that this is so as anything that gives investors risk-free returns turns out to be the riskiest things.

The Rich Dad Poor Dad writer is known to always give this counsel, with a signature recommendation on what to invest or pay attention to in the long term. Rather than bet on bonds, he advised investors to get real assets like Gold, Silver and Bitcoin before the prices of these assets will explode.

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Why Is Bitcoin Ideal Now?

Bitcoin and its associated digital currencies are generally featured as top avenues to inject capital. This is because of the recent evolution in the crypto ecosystem. This year alone, the spot Bitcoin ETF approval has been granted by the United States Securities and Exchange Commission (SEC), setting the stage for institutional capital inflow.

Besides this, the industry recorded the Bitcoin halving event a few weeks ago, compounding the supply crunch around the coin. With this, chances are that the coin will keep growing in valuation over time. To Robert Kiyosaki, Bitcoin is on its way to soar toward $300,000 price mark that he presented recently.

Read More: Coinbase and SEC File Stipulation and Proposed Protective Order

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Investment disclaimer: The content reflects the author’s personal views and current market conditions. Please conduct your own research before investing in cryptocurrencies, as neither the author nor the publication is responsible for any financial losses.
Ad Disclosure: This site may feature sponsored content and affiliate links. All advertisements are clearly labeled, and ad partners have no influence over our editorial content.

Why Trust CoinGape

CoinGape has covered the cryptocurrency industry since 2017, aiming to provide informative insights Read more…to our readers. Our journal analysts bring years of experience in market analysis and blockchain technology to ensure factual accuracy and balanced reporting. By following our Editorial Policy, our writers verify every source, fact-check each story, rely on reputable sources, and attribute quotes and media correctly. We also follow a rigorous Review Methodology when evaluating exchanges and tools. From emerging blockchain projects and coin launches to industry events and technical developments, we cover all facets of the digital asset space with unwavering commitment to timely, relevant information.

About Author
About Author
Benjamin Godfrey is a blockchain enthusiast and journalists who relish writing about the real life applications of blockchain technology and innovations to drive general acceptance and worldwide integration of the emerging technology. His desires to educate people about cryptocurrencies inspires his contributions to renowned blockchain based media and sites. Benjamin Godfrey is a lover of sports and agriculture. Follow him on X, Linkedin
Investment disclaimer: The content reflects the author’s personal views and current market conditions. Please conduct your own research before investing in cryptocurrencies, as neither the author nor the publication is responsible for any financial losses.
Ad Disclosure: This site may feature sponsored content and affiliate links. All advertisements are clearly labeled, and ad partners have no influence over our editorial content.