Highlighting Digital Assets as a "Safe Haven of Trust"
As concerns about a potential collapse of the global asset market bubble continue to spread, Robert Kiyosaki, author of "Rich Dad Poor Dad," has once again emphasized Bitcoin and Ethereum as means of protecting and growing wealth during times of crisis. His remarks have drawn particular attention as they were made immediately after he reportedly sold approximately $2.25 million (about 3.3 billion KRW) worth of Bitcoin last month, despite having advocated for a bullish outlook on Bitcoin until recently.
"Those Who Own Bitcoin and Ethereum Will Become Wealthier"
On November 29 (local time), Kiyosaki warned via his social media channels that "the end of Japan's decades-long 'carry trade' could trigger a sharp deflation in global asset markets." The carry trade refers to the strategy of borrowing low-interest currencies to invest in higher-yielding assets, and it has been considered a major factor supporting global liquidity and asset prices.
Kiyosaki stated, "The foundation of the global financial system is shaking," and emphasized, "Now is a time for wise decisions and risk reallocation." He further urged, "Rather than focusing on pessimism, we should look for opportunities," adding that "gold, silver, Bitcoin, and Ethereum will become tools for wealth accumulation in the future."
He explained, "This situation should not be viewed solely as a cause for fear. Bitcoin, Ethereum, gold, and silver are assets that can simultaneously protect and grow wealth amid upcoming volatility." He particularly stressed that "Bitcoin and Ethereum have become 'hard assets' attracting capital during periods of declining trust in fiat currencies."
Additionally, Kiyosaki stated, "As the world becomes increasingly impoverished, those who own Bitcoin and Ethereum will become wealthier," and advised investors to "focus on digital assets instead of 'paper money' (fiat currency)." He predicted that these assets would serve as 'safe havens of trust' during crises, driving capital inflows.
Robert Kiyosaki, who has consistently emphasized holding Bitcoin, was recently reported to have sold Bitcoin worth approximately $2.25 million (about 3.3 billion KRW). Photo by The Asia Business Daily Database
Despite Selling Bitcoin, His Outlook Remains Bullish
Kiyosaki has long been known as a prominent optimist regarding the long-term growth of Bitcoin, but he recently sparked debate by selling a portion of his holdings. On November 23, he announced via social media that he had disposed of approximately $2.25 million (about 3.3 billion KRW) worth of Bitcoin.
However, Kiyosaki emphasized that this sale was not due to doubts about Bitcoin's price outlook, but rather to secure new investment capital. He explained that with the cash from the Bitcoin sale, he purchased two surgical centers and invested in an outdoor advertising (billboard) business, predicting that this venture would generate a monthly cash flow (income) of about $27,500 (around 40 million KRW) through February next year.
He added, "I remain very optimistic about Bitcoin, and I plan to buy more using my positive cash flow in the future." He also stated, "Many people will lose everything in this collapse, but those who are prepared will become even wealthier," and promised to "continue sharing ways to become rich while the market crashes."
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