Robert Kiyosaki urges protective investments amid market volatility

  • Stock Market News
Robert Kiyosaki urges protective investments amid market volatility
Credit: © Reuters.

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%.

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