Robert Kiyosaki backs Bitcoin amid rising US debt

Robert Kiyosaki, author of Rich Dad Poor Dad, issued a stark warning about the U.S. economy, drawing attention to the alarming pace at which the country is accruing debt.

According to Kiyosaki, the U.S. adds a trillion dollars to its national debt every 100 days, a rate that he says should raise significant concerns for everyone.

Kiyosaki emphasised the magnitude of this debt by comparing a trillion dollars to a trillion seconds, noting that a trillion seconds is equivalent to over 31,000 years.

As of the latest figures, the U.S. national debt stands at over $35 trillion, a figure that continues to climb at a worrying rate, according to Kiyosaki’s recent posts on the social media platform X.

Kiyosaki strongly advises individuals to invest in assets like gold, silver, and Bitcoin (CRYPTO:BTC), which he believes offer protection against the growing economic instability.

He explained that while market panics in stocks, bonds, or real estate are visible and widely reported, panics within the banking system are often hidden, leaving most people unaware of the risks.

Kiyosaki pointed out that the presence of FDIC insurance, which covers up to $250,000 of savings, might give a false sense of security to the average person.

"Why take the chance?" Kiyosaki asked, urging people to move a portion of their savings into what he calls "real money"—gold, silver, and Bitcoin—rather than leaving it in a potentially unstable banking system.

He further stressed that the traditional financial system is deeply flawed, advising his followers to safeguard their wealth by diversifying into these alternative assets.

Kiyosaki’s repeated advocacy for Bitcoin, gold, and silver reflects his growing concern that the U.S. economic situation could worsen, leaving those reliant on conventional savings at risk.

At the time of reporting, Bitcoin price was $64,403.22.