🍎 🍕 Less apples, more pizza 🤔 Have you seen Buffett’s portfolio recently?Explore for Free

Robert Kiyosaki urges protective investments amid market volatility

EditorAmbhini Aishwarya
Published 13/11/2023, 11:38
© Reuters.
GC
-
SI
-
BTC/USD
-

Author Robert Kiyosaki has taken to social media to emphasize the importance of protective investments in response to what he perceives as central banks' focus on self-preservation and neglect of the populace. In a series of posts, Kiyosaki has been advocating for individuals to take charge of their financial security by investing in Bitcoin (BTC), gold, and silver.

Kiyosaki's recent comments come as he draws a stark contrast between the strategies of the wealthy, who he claims prioritize tax-free income through assets, and those of the poor and middle class, who often rely on less secure jobs and accumulate what he refers to as "taxable fake cash." His advice aims to navigate the risks associated with volatile markets, noting that at the time of his latest advice, Bitcoin was valued at $36,852.

On Sunday, Kiyosaki reiterated his criticism of central banks on social media platform X. He accused them of prioritizing bank protection and accumulating gold, suggesting incompetence and a lack of consideration for the general public's financial well-being. The author has long been a proponent of financial freedom as an essential strategy for wealth accumulation, urging investments in precious metals and cryptocurrencies like Bitcoin.

Earlier this month, on November 3, Kiyosaki underscored the significance of investing in "real assets" over "fake" cash, which he believes is a strategy employed by affluent individuals to create wealth.

Despite a slight decline of 0.24% today, Bitcoin's trading value stands at $37,013. The cryptocurrency has managed to maintain a weekly gain of 5.99% and has recorded a substantial annual increase of 123.71%.

This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.

Latest comments

Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
© 2007-2024 - Fusion Media Limited. All Rights Reserved.