Robert Kiyosaki Raises Concerns Over Growing US National Debt – Urges Investors to Buy Bitcoin

The well-known author of the best-selling book "Rich Dad Poor Dad," Robert Kiyosaki, has once again made headlines by advocating for Bitcoin investment. He has reaffirmed his optimistic stance on cryptocurrencies and highlighted his ongoing worries about the US economy and the US dollar.

Robert Kiyosaki co-authored the book "Rich Dad Poor Dad" in 1997, which has remained on the New York Times bestseller list for over six years. With over 32 million copies sold in more than 109 countries and translated into 51 languages, Kiyosaki's financial insights carry substantial weight.

In a recent social media post on X platform, Kiyosaki expressed his disappointment over the US national debt, which has surged by another trillion dollars since the start of the National Football League (NFL) season. He emphasized, "Please buy gold, silver, and Bitcoin," urging investors to protect themselves against financial corruption and the incompetence of their leaders. As of now, the US national debt stands at $34.06 trillion, marking a $1.02 trillion increase since September 18th last year, according to the US Department of the Treasury.

Kiyosaki is not the only one expressing concerns about the US national debt. Prominent economist and gold advocate Peter Schiff warned on January 2nd on X platform, "It's only January 2nd, and the national debt has already exceeded $34 trillion. I believe 2024 will set a record for the largest annual increase in US national debt in history. The question is whether we will see a sovereign debt crisis or a dollar crisis by the end of the year." Schiff added that it took less than three months and two weeks to add the last trillion to the national debt and predicted a similar pace for the next trillion. Such a rate of growth could spell trouble if a recession were to occur.

Moody's downgraded the US credit rating to "negative" in November of the previous year, citing the growing deficit and debt burden. Echoing these concerns, US Senator Rand Paul warned that uncontrolled government spending jeopardizes the existence of the US dollar, stating, "The greatest threat to [our national security] is the national debt. We've borrowed a trillion dollars in the last three months." Billionaire "Bond King" Jeffrey Gundlach also sounded the alarm in October of the previous year, warning, "The massive budget deficit and rising interest rates on government debt should scare every American... The future of the US dollar and potentially uncontrollable inflation depend on whether we can get the budget and spending under control."