The "Rich Dad"
Robert Kiyosaki made a name for himself in investment circles when he published his well known book, "Rich Dad Poor Dad". His best-seller went on to infiltrate the homes of the average working class society of America and abroad! More books followed, as the"Rich Dad" brand began to gain traction and go viral.
Robert has since released a number of books, as well as board games, as he continues to educate the masses on his approach to investing and creating wealth. I am sure everyone is well aware of his now famous, cash flow quadrant diagram, where he breaks down the four different approaches to earning a living.
Robert has primarily remained in the investor sector, where he created his wealth through the real estate industry. However, real estate has not been the only driving force of his wealth creation.
Robert is also a big fan of Gold and Silver, of which he does own a substantial amount. Kiyosaki actually owns a Silver mine and has owned a Gold mine as well, in recent years. Unfortunately, the Chinese seized his Gold mine years ago, which is part of his motivation for advocating Bitcoin and Crypto in general.
The Two Reasons Robert loves Bitcoin!
According to Kiyosaki, there are two very real reasons that he believes in bitcoin and they can also be found in Gold and Silver. Just to clarify, Robert is quite heavily biased towards Bitcoin, though he often uses the term "Crypto". The fixed supply aspect and monetary design of Bitcoin is not common to all Crypto projects and that is what really sells it for him. For instance, ETH could have an ever growing circulating supply. Strangely enough, Robert does admit to owning some ETH!
The first selling point is the fact that Bitcoin operates outside of the system. In other words, government officials cannot alter or mess with the issuance of new Bitcoin as they have and are currently doing with the dollar.
Gold and Silver are the same as it has to be mined, unless you are in China and you can create fake Gold bars ;)
Robert hosts the "Rich Dad Radio Show" where he recently invited Pomp to come on and discuss Bitcoin and the monetary design that makes it so unique, especially in the crazy times we are currently living in. This is the second point that cements it for him! The monetary design makes Bitcoin scarce by default and that cannot be changed.
In this respect, Bitcoin is actually superior to Gold as more and more Gold is mined across the world. So there is no actual predefined cap or limit, unlike Bitcoin. Though both are scarce, Bitcoin is actually Scarcer.
Many will now be watching Robert and his interest in the Crypto space, perhaps it is also a strategic move to secure himself in the inevitable "new economy"?