Kiyosaki frames bitcoin as a precaution
Robert Kiyosaki, author of Rich Dad Poor Dad, is again describing bitcoin as part of a financial prepper strategy. In an Oct. 3 post on X, he said holding assets outside government-issued currency is a form of preparation, not a prediction that everything will collapse. He recalled a woman asking whether that mindset was too pessimistic and whether positive thinking would be healthier. Kiyosaki responded by asking if she carried car insurance and hoped for an accident. She said no. The point, he suggested, is that insurance is protection even when the bad event never happens. He then asked whether she owned gold, silver, or bitcoin.
The purchasing power argument
Kiyosaki has long criticized the Federal Reserve and government policy. His core complaint is that cash savings can lose buying power even when the dollar balance stays the same. He points to taxes and inflation, which raise prices across the economy and leave a given sum able to buy less. That concern helps explain his preference for assets governments cannot print. Bitcoin fits that view because its supply is capped at 21 million coins. But a fixed supply does not guarantee protection against inflation. Bitcoin’s price depends on demand, and it can fall even when living costs rise. So Kiyosaki’s argument is about monetary policy and scarcity, not a promise that BTC will always outperform.
Oil wells add income to the mix
His strategy is broader than precious metals and crypto. Kiyosaki has said he owns oil wells that generate payments from buyers, including governments. He also listed rental apartments and U.S. oil wells in a September retirement savings warning. In June, he named gold, silver, ethereum, and oil among his preferred assets. Oil plays a dual role in his case. Higher energy prices can pressure household budgets, while oil production gives him a business interest that produces income. That may seem contradictory: he criticizes government money creation while earning from government demand for energy. But Kiyosaki does not treat those ideas as opposites. He ended his latest post by asking followers whether they consider themselves financial preppers.
