“Rich Dad Poor Dad” author Robert Kiyosaki has recently shared his thoughts about the rising inflation and the role of cryptocurrencies in the financial market. Kiyosaki also mentioned why he invested in Solana ($SOL).
Kiyosaki Warns About Inflation, Calling His Followers to Secure Funds in Crypto
When the pandemic started, Kiyosaki openly criticized the Federal Reserve’s response to the resulting economic fallout. He also urged his followers to protect themselves from the upcoming high inflation and potential hyperinflation by investing fiat into silver, gold, and Bitcoin.
According to Kiyosaki, gold and silver are God’s money, while Bitcoin belongs to the people.
In his latest interview, he also noted that about 40% of Americans don’t have $1,000, and they’ll be heavily hit once the inflation goes up.
When asked why he invested in Solana and expanded his crypto portfolio, Kiyosaki said he believes the best deals are done early. While many missed the opportunity to get into Bitcoin while it was $6,000, Solana is still early and has great potential long-term.
“Rich Dad Poor Dad” is one of the top 10 personal finance books that shows how important financial literacy is. It helps people improve their understanding of finances and build wealth.