Kiyosaki renews Bitcoin call as dollar fears return

Robert Kiyosaki renewed his call to buy Bitcoin on Aug. 22, arguing that financially educated investors use scarce assets to protect their wealth from inflation and a weakening U.S. dollar. Summary Kiyosaki urged investors to buy Bitcoin, gold, silver, and selected real estate as dollar hedges. Treasury is doubling long-dated buyback limits to at least $4 billion per operation in September. Treasury buybacks manage market liquidity and debt operations; they are not Federal Reserve quantitative easing. Kiyosaki’s $350,000 Bitcoin target for August 2024 did not materialize despite his continuing long-term bullish forecasts. Bitcoin traded near $76,000 following a weekly rally supported by ETF inflows and short liquidations. The “Rich Dad Poor Dad” author recommended Bitcoin, gold, silver and selected real estate. He claimed the Treasury’s decision to expand long-dated bond buybacks represented another round of quantitative easing and the creation of “fake dollars.” That description does not match the Treasury announcement. The buyback program is a debt-management operation, while quantitative easing is a monetary-policy tool conducted by the Federal Reserve. Kiyosaki links Bitcoin to...