Investor and author Robert Kiyosaki has criticized the U.S. Federal Reserve and commended Michael Saylor, co-founder and executive chairman of MicroStrategy Inc. for his aggressive Bitcoin acquisition strategy.
What Happened: Kiyosaki, known for his pro-cryptocurrency stance, took to social media X to voice his skepticism about the Fed’s policies and inflation management.
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He labeled the central bank’s decisions as detrimental to the economy and suggested that Saylor’s Bitcoin strategy offers a viable hedge against these issues.
“Michael Saylor’s bold Bitcoin purchasing strategy is not just investment; it’s a fight against the Fed’s reckless policies,” Kiyosaki wrote in the post.
The author has long been an advocate for Bitcoin and other alternative assets, frequently advising followers to invest in assets like gold, silver, and cryptocurrencies to protect themselves from what he sees as the erosion of purchasing power.
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Saylor’s MicroStrategy is recognized as one of the largest institutional Bitcoin holders, having spent billions acquiring the cryptocurrency. Saylor maintains that Bitcoin is the ultimate store of value in a world grappling with rising inflation and economic uncertainty.
In his post Kiyosaki also praised President-elect Donald Trump and his position on Bitcoin. Kiyosaki highlighted his work with Trump and shared his belief that Trump could become the first “Bitcoin President,” a reflection of Trump’s supportive attitude toward cryptocurrency.
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He wrote, “Let’s make America and the world richer again with Bitcoin.”
