Robert Kiyosaki Acknowledges Limited Knowledge of Bitcoin but Advocates for Inclusion in Portfolios

Renowned investor and 'Rich Dad Poor Dad' author, Robert Kiyosaki, has openly admitted his lack of in-depth knowledge about Bitcoin while emphasizing its importance in investment portfolios. Despite his admission of limited understanding, Kiyosaki remains a supporter of Bitcoin and silver, especially in the current economic landscape.

In a recent episode of 'The Rich Dad Channel' streamed on January 24, Kiyosaki engaged in a discussion about Bitcoin and silver with Miles Franklin Precious Metals Investments CEO Andy Schectman and radio talk-show host Charles Goyette, author of 'Red and Blue and Broke All Over.'

‘Gold, Silver, and Bitcoin’ - Kiyosaki’s Perspective

Kiyosaki, known for his warnings about a potential economic crash and the decline of the US dollar, expressed his belief in Bitcoin's success. While admitting to not having extensive knowledge about the flagship decentralized finance (DeFi) asset, he credited the cryptocurrency's credibility to the "very smart people" who have invested in and endorsed it. Kiyosaki stated:

“I always say ‘gold, silver, and Bitcoin,’ I know nothing about Bitcoin. I just know some very smart people are in it, and thank God I bought early.”

Differing Views Among Panelists

In contrast, Goyette exhibited a more cautious stance, preferring traditional assets with a proven track record. He stated his preference for assets that have proven to be valuable, durable, liquid, and desirable over thousands of years. Goyette conveyed his reluctance to experiment with Bitcoin, saying he would rather let others test it at their own expense.

On the other hand, Schectman advocated for a balanced approach, arguing that it doesn't have to be an "either/or" situation. He appreciated the shared objective of challenging the existing monetary system that both gold, silver, and Bitcoin represent. Schectman emphasized that there is room in a diversified portfolio for both assets, as they aim to achieve similar financial goals.

Despite Kiyosaki's limited understanding of Bitcoin, he remains a vocal supporter, previously predicting a potential rise to $1 million if a global economic crisis occurs. As of January 29, Bitcoin was trading at $42,284, showing a slight decline in the last 24 hours but recording overall gains in the previous week and month, according to Finbold data. Investors continue to observe the market dynamics with keen interest.