Robert Kiyosaki Says Prepare for Hyperinflation — Sees Bitcoin as 'Best Protection'
In a post on social media platform X on Sunday, Kiyosaki shared that he was “just in Germany to celebrate 100 years since 1923, the hyperinflation that brought Adolf Hitler to power.” He added: “Are we also going to celebrate hyperinflation? I hope not. But our government leaders are the most incompetent.”
The renowned author then recommended: “Study the hyperinflation of Germany and Zimbabwe and be prepared.” Noting that “Food will always be as valuable as weapons, gold and silver,” he emphasized:
"But I believe bitcoin is your best protection because bitcoin is the people's money which means society controls the value of bitcoin, not our leaders."
This is not the first time the renowned author has warned about hyperinflation. In September, he explained in X: “Many people think hyperinflation means prices are rising. The meaning is quite the opposite. Hyperinflation means the purchasing power of your money is decreasing. Don't be a loser. Buy gold, silver, & bitcoin and be a winner, not a loser.”
Kiyosaki has been recommending gold, silver and bitcoin for some time. He previously said that the three investments were the best for “unstable times”. He believes that this provides “a lifetime of financial security and freedom.” In April, Kiyosaki said “ America is dying ,” warning of the collapse of the US dollar.
This famous writer is not alone in expressing his concerns about hyperinflation. Former Twitter CEO Jack Dorsey predicts that in 2021 hyperinflation will soon occur in the US and the world. Venture capitalist Balaji Srinivasan said in March that hyperinflation is happening now. Economist Peter Schiff also warned of this problem, stating last year that interest rate increases would be massive.
