Robert Kiyosaki, the famed author of the book Luxurious Dad Penniless Dad, thanked Bitcoin for enabling him to achieve truly great financial success. In a recent Up-to-date Year’s Eve tweet, he emphasized the need to fully understand the asset and cited Bitcoin as a great example of how knowledge can lead to wealth.

This isn’t surprising, considering Kiyosaki has been a forceful supporter of cryptocurrencies and regularly praises them as a hedge against economic uncertainty.

Changing attitude to investing

It’s worth noting how Kiyosaki’s opinions differ significantly from those of more established financial giants such as Charlie Munger and Warren Buffet. The two have previously attacked Bitcoin, calling it untrustworthy and speculative.

Warren Buffett and Charlie Munger call Bitcoin “rat droppings.”

What do I think?

Buffett and Munger are very elderly and very opulent men. Why should I care what they think about Bitcoin?

Most importantly, I would say, “What do you think about Bitcoin?”

I agree with Buffett and Munger when…

— Robert Kiyosaki (@theRealKiyosaki) January 1, 2025

However, Kiyosaki accepts their recommendation to thoroughly investigate the assets. He managed to turn doubt into opportunity by applying this idea to Bitcoin. “I didn’t just invest; I understand, he explained, emphasizing the need to make conscious choices.

Aware of Bitcoin’s growing importance, financial analysts have also taken this shift in perspective into account. The data shows that Bitcoin is the most valuable cryptocurrency with market capitalization of almost $2 trillion. His ability to withstand market turmoil strengthens Kiyosaki’s confidence in his potential.

BTCUSD trading at $96,557 on the daily chart: TradingView.com

View from above: Bitcoin as a security vs. Market uncertainty

Supporting Bitcoin fits with Kiyosaki’s more general financial philosophy of diversifying assets to protect against market declines. Given the inflation and volatility of fiat currencies, he often advised his followers to consider substitutes such as gold, silver and Bitcoin.

This point of view is becoming increasingly popular as governments around the world deal with rising prices and economic instability. As Kiyosaki predicted, the World Economic Forum (WEF) recently emphasized that digital assets are up-to-date a way to maintain economic stability.

Image: The Conversation

Skepticism and prudent investing

Despite his zeal, Kiyosaki’s achievement does not guarantee that everyone will have the same results. Forbes Digital Assets and other financial gurus emphasize the importance of caution. They argue that while Bitcoin may have benefits, there are also grave concerns.

The value of time

As Bitcoin changes the financial landscape, stories like Kiyosaki’s inspire respect and critical thinking. His knowledge reminds us of the need for time, experience and openness to changes in a market undergoing transformation. However, potential investors should be careful and know their financial goals.

At the time of writing, Bitcoin (BTC) was listed at USD 96,627, increased by 1.3% and 0.5% on a daily and weekly basis, according to Coingecko data.

Featured image from Cryptovaloute, chart from TradingView