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Hyperinflation led to Hitler’s rise, Bitcoin is best defense

Amid his continuous warnings about the imminent financial collapse, particularly in the United States, the author of the best-selling personal finance book ‘Rich Dad Poor Dad,’ Robert Kiyosaki, recently drew a comparison with one of history’s most notorious villains and urged his followers to buy Bitcoin (BTC).

Specifically, Kiyosaki pointed out that 100 years have passed since hyperinflation in Germany brought Adolf Hitler to power, expressing his hope that the US is not about to ‘celebrate’ hyperinflation as well, according to the X post shared that the renowned investor published on November 19.

Furthermore, he argued that the country’s government is the “most incompetent ever,” advising his readers to study hyperinflation in Germany and Zimbabwe and stock up on food, guns, gold, and silver, particularly praising Bitcoin as the best defense as “people control the value of Bitcoin, not our leaders.”

Just in Germany to celebrate 100 years since 1923, the hyperinflation that brought Adolf Hitler to power. Are we about to celebrate hyperinflation too? I hope not. Yet our government leaders are the most incompetent ever. Study Germany and Zimbabawe’s Hyperinflation and prepare.…

— Robert Kiyosaki (@theRealKiyosaki) November 19, 2023

Indeed, Kiyosaki’s recent words echo those he made in early October when the finance educator stressed that hyperinflation was not what many people thought it was – prices going up – but that it actually meant the opposite – a decline of the purchasing power of money.

Bitcoin against crash and central banks

At that time, he also recommended to his followers that they should buy as much gold, silver, and the largest cryptocurrency as possible to “be a winner, not a loser,” as the “American Empire” comes crashing down as an increasing number of nations start to reject the US dollar as the global reserve currency.

More recently, in addition to gold and silver, Kiyosaki also praised the flagship decentralized finance (DeFi) asset as a means of protection from central banks, which he highlighted were buying gold to save themselves from their own incompetence, as Finbold reported on November 11.

Meanwhile, the maiden crypto asset was at press time changing hands at the price of $37,120, up 1.32% on the day, growing 0.18% across the previous week, and recording a gain of 25.10% on its monthly chart, according to the most recent information on November 20.

Featured image via Ben Shapiro’s YouTube.

Disclaimer: The content on this site should not be considered investment advice. Investing is speculative. When investing, your capital is at risk.

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