The world of finance has been abuzz with news of Robert Kiyosaki, the author of the best-selling book Rich Dad Poor Dad, standing by Bitcoin (BTC) despite the US economic woes. Kiyosaki is a well-known investor and entrepreneur who has been a vocal supporter of cryptocurrencies for many years. He recently took to Twitter to express his support for Bitcoin, stating that it is a “safe haven” for investors in times of economic uncertainty.

Kiyosaki’s support for Bitcoin comes at a time when the US economy is facing its worst recession in decades. The coronavirus pandemic has caused massive job losses and a sharp decline in consumer spending. As a result, the US dollar has been losing value and investors are looking for alternative investments to protect their wealth.

Kiyosaki believes that Bitcoin is the perfect choice for investors looking to diversify their portfolios and protect their wealth from inflation. He believes that Bitcoin is a “digital gold” that can be used as a hedge against inflation and other economic risks. He also believes that Bitcoin is a better store of value than fiat currencies, which are subject to government manipulation and devaluation.

Kiyosaki’s support for Bitcoin is not only based on its potential as an investment but also on its use as a payment system. He believes that Bitcoin can provide an alternative to traditional payment systems, which are often slow and expensive. He also believes that Bitcoin can help reduce the cost of international payments and provide access to financial services to those who are currently excluded from the traditional banking system.

Kiyosaki’s support for Bitcoin is further evidence of the growing acceptance of cryptocurrencies as legitimate investments. His endorsement is likely to encourage more investors to consider investing in Bitcoin and other cryptocurrencies. With its potential to provide a safe haven in times of economic uncertainty, it is no surprise that Robert Kiyosaki stands by Bitcoin despite the US economic woes.