Bitcoin Gains Support from Kiyosaki Amid LA Protests

Bitcoin (BTC)

Key Takeaways

  • Robert Kiyosaki labels Bitcoin as “people’s money” and urges investment in Bitcoin, gold, and silver to hedge against inflation and distrust in central banks.
  • He links the Los Angeles protests and global unrest to a broader financial and societal crisis, warning that U.S. economic instability could drive Bitcoin’s value as high as $1 million.

As tensions flare in Los Angeles due to controversial immigration raids, Rich Dad Poor Dad author Robert Kiyosaki has dubbed Bitcoin “people’s money,” positioning it as a hedge against a deteriorating economy. Kiyosaki, a long-time advocate of financial independence from traditional banking systems, suggests that Bitcoin, along with gold and silver, offers individuals a shield from inflation and government overreach.

“Gold and silver are God’s money. Bitcoin is people’s money,” said Kiyosaki, warning of the dangers posed by what he calls “fake money” printed by central banks. His remarks highlight the growing skepticism toward fiat currencies and centralized financial systems, especially as governments increase debt to sustain spending.

Global Unrest Signals Deeper Economic Fractures

The Los Angeles protests, sparked by U.S. Immigration and Customs Enforcement (ICE) raids, are part of a broader wave of global discontent. Demonstrations have also erupted in countries like France, China, and Japan—each challenging existing government policies and economic structures.

In the U.S., tensions escalated when President Donald Trump deployed the National Guard to restore order, while California Governor Gavin Newsom moved to sue the federal government over its response. According to Kiyosaki, these incidents are symptoms of a larger societal cycle known as the “Fourth Turning,” a theory by historians Strauss and Howe that identifies recurring periods of upheaval. He believes the current cycle is defined by financial instability and public mistrust in centralized power.

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Growing Distrust in the U.S. Dollar

Kiyosaki’s concerns extend to the fundamentals of the U.S. economy. Referring to a recent bond auction on May 20 where the Federal Reserve reportedly had to step in to purchase $50 billion in bonds, Kiyosaki sees it as a red flag. “Investors no longer trust the U.S. dollar,” he warned, predicting Bitcoin could surge to between $500,000 and $1 million as a result.

With mounting U.S. debt and increased intervention by the Fed, Kiyosaki encourages investors to diversify. He insists that Bitcoin, gold, and silver not only preserve wealth but offer a pathway out of government-controlled financial systems—especially during times of crisis and uncertainty.

Disclaimer: The information in this article is for general purposes only and does not constitute financial advice. The author’s views are personal and may not reflect the views of Chain Affairs. Before making any investment decisions, you should always conduct your own research. Chain Affairs is not responsible for any financial losses