Robert Kiyosaki, the bestselling author of Rich Dad Poor Dad, made headlines again on Friday by announcing his latest bitcoin acquisition and restating his long-held belief that bitcoin is or will eventually become a better investment than gold. The author, who is known for his outspoken views on personal finance and cryptocurrencies, highlighted on X that he recently purchased a full bitcoin at a price of $67,000.
Kiyosaki outlined two primary reasons for his decision. First, he expects that the U.S. dollar will face pressure as national debt grows, prompting the Federal Reserve, which he has referred to as “The Marxist Fed,” to begin large-scale money printing. He believes this environment will make bitcoin, with its fixed supply, a safer store of value. Second, he pointed to the approaching milestone of the 21 millionth bitcoin being mined. According to Kiyosaki, once the final bitcoin is mined, the cryptocurrency will “become better than gold,” emphasizing scarcity as a key driver of its long-term value.
However, while nearly 20 million bitcoins have already been mined, the network’s halving events, which occur roughly every four years, gradually reduce mining rewards. This means that the final bitcoin is not expected to be mined until approximately 2140, over a century from now. By that time, Kiyosaki, born in 1947, would be well past 190 years old, making the actual moment of “bitcoin surpassing gold” more theoretical than imminent.
This recent statement adds another layer of complexity to Kiyosaki’s public views on BTC. In prior posts, he had suggested that he would choose bitcoin over gold at any time because of its limited supply, without referencing the importance of the final bitcoin being mined. This inconsistency has fueled debate among crypto enthusiasts, as it appears to shift the timeline for his predictions.
Questions have also arisen about his buying strategy. Earlier this year, Kiyosaki stated on X that he had stopped purchasing bitcoin at $6,000. Yet in multiple other posts, he boasted about acquiring bitcoin at significantly higher prices, sometimes exceeding $100,000. These contradictions have drawn criticism from segments of the cryptocurrency community, who have questioned the reliability of his statements. Despite the backlash, Kiyosaki has not publicly clarified these inconsistencies.
The author’s continued accumulation of bitcoin underscores his confidence in the cryptocurrency as a long-term store of value and hedge against traditional financial instability. While his predictions regarding the “final bitcoin” are far in the future, he maintains that scarcity and the fixed total supply make BTC a unique asset compared to traditional stores of value like gold. Kiyosaki’s latest purchase and statements once again highlight the polarized reception he receives in the crypto world: some admire his foresight, while others question the logic and timing of his claims.
