In a recent episode of ‘The Rich Dad Channel’ podcast, renowned author Robert Kiyosaki, best known for his book “Rich Dad Poor Dad,” urged listeners to consider investments in cryptocurrencies, particularly Ethereum and Bitcoin. Kiyosaki highlighted concerns about the declining value of the United States Dollar (USD) and warned of a potential market crash.

Ethereum as a Hedge Against Fiat Currency Risks

During the podcast, Kiyosaki engaged in a conversation with Andy Schectman, President and owner of Miles Franklin, discussing the importance of diversifying investments into digital currencies. He suggested that cryptocurrencies could serve as a hedge against risks associated with fiat currencies, especially the US dollar. This perspective aligns with Kiyosaki's longstanding advocacy for digital assets as a means to protect wealth against inflation and economic uncertainties.

Support for Ethereum and Precious Metals

While acknowledging his limited understanding of Bitcoin, Kiyosaki expressed support for Ethereum and traditional assets like gold and silver. He argued that the depreciation of the US dollar would likely worsen over time amid increasing debt crises. As part of his own investment strategy, Kiyosaki revealed that he avoids saving funds in fiat currency, opting instead for assets like Bitcoin and Ethereum, which he began saving approximately a decade ago.

Diversification into Tangible and Digital Assets

Kiyosaki emphasized the importance of diversification, urging investors to allocate resources into tangible resources such as gold and silver, along with digital currencies like Ethereum and Bitcoin. He dismissed debates over the relative value of Bitcoin versus precious metals, focusing instead on the need to protect wealth from depreciation caused by fiat currencies like the US dollar.

Loss of Confidence in the US Dollar

Expressing his loss of faith in the US dollar, Kiyosaki highlighted vulnerabilities in the market and mounting trillions of dollars in debt. He described the current state of the American economy as being in a depression, citing subpar growth rates and warning of an impending market crash. Kiyosaki encouraged investors to seize opportunities during market downturns, emphasizing that such periods present ideal moments to accumulate wealth.