Robert Kiyosaki, author of Rich Dad Poor Dad, framed bitcoin as part of a broader financial prepper plan. In an Oct. 3 post on X, he said holding assets outside government-issued money is a precaution, not a prediction of disaster. He compared it to car insurance. You buy coverage hoping never to use it, but you still keep it.
A Car Insurance Analogy for Bitcoin
Kiyosaki described a conversation with a woman who asked whether his mindset was too negative. She wondered if positive thinking would be healthier. He asked if she had car insurance. She said yes. He then asked if she hoped for an accident. The point was simple: preparing for trouble does not mean wanting trouble.
He followed up by asking whether she owned gold, silver, or bitcoin. The exchange led to his view on government money. He said he only wants money the government cannot print. For him, bitcoin fits that preference, though it sits alongside gold, silver, ethereum, and oil. In June, he listed those assets as part of his broader strategy. The latest comment ties crypto and precious metals to a bet against currency devaluation.
Inflation and Purchasing Power
Kiyosaki’s main concern is purchasing power. A savings account can show the same dollar balance while buying less over time. He has accused the Federal Reserve and government of taking wealth through taxes and inflation. Inflation means prices rise across the economy, so each dollar stretches less. The Fed tracks consumer price changes through several indexes to measure that pressure.
Bitcoin’s 21 million coin supply limit is central to Kiyosaki’s argument. He prefers assets that no government can print at will. That scarcity does not guarantee inflation protection. BTC’s price depends on demand and can fall even when living costs rise. A fixed supply alone cannot ensure an investment keeps its purchasing power. I think that nuance matters, especially for readers who see bitcoin as a simple inflation hedge.
Oil Wells and Other Income
Kiyosaki also said he owns oil wells that generate payments from buyers, including governments. He described those customers as a source of revenue. That adds an income stream to his financial preparation. His position mixes criticism of public monetary policy with a willingness to earn from government demand for energy. In May, he linked higher energy prices and debt to pressure on savings. Oil plays two roles in his argument: rising prices can hurt households, while production can pay the owner.
His broader holdings include rental apartments, which he listed alongside U.S. oil wells in a September retirement savings warning. He closed the latest statement by asking followers if they consider themselves financial preppers. He also remarked, “I also own oil wells. Governments are big buyers of oil. Great customers. They give me money.” The comment shows how his bitcoin view fits a wider plan built on scarce assets, inflation concerns, and cash flow.
