- Kiyosaki praised MicroStrategy’s Michael Saylor as a “genius.”
- The famous author said Saylor and MicroStrategy have made billions from their Bitcoin buying spree.
- MicroStrategy is the largest corporate holder of the original cryptocurrency.
Robert Kiyosaki, the bestselling billionaire author of Rich Dad Poor Dad, lauded Michael Saylor’s move to accumulate billions of dollars in Bitcoin using MicroStrategy’s resources as a “genius” strategy.
Under Saylor’s leadership, the Tysons Corner, Virginia-based business intelligence firm has bought 331,200 Bitcoins since August 2020, solidifying its position as the largest corporate holder of the original cryptocurrency. Recent data compiled by Bloomberg indicated that MicroStrategy’s Bitcoin cache is larger than IBM’s and Nike’s cash holdings.
Kiyosaki Says Saylor Is a Genius
Kiyosaki took to X on Saturday to praise Saylor for leveraging MicroStrategy’s treasury and credit to buy Bitcoins, noting that the aggressive accumulation strategy had made the chairman, his company, and investors like him “richer.”
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“I think Michael Saylor is a genius. I am following Saylor’s tactical Bitcoin investment plan…. obviously not to Saylor’s dollar size….yet making myself and my company’s employees richer and Jobs much more secure….especially in these treacherous financial times,” Kiyosaki wrote.
The Rich Dad Poor Dad author’s claim that MicroStrategy has profited from its Bitcoin accumulation strategy is provable. Saylor recently confirmed that the company’s treasury operations for the first 17 days of November had resulted in a BTC yield of 20.4%, a net benefit of approximately 51,470 BTC to its shareholders.
Kiyosaki challenged Saylor’s critics while reaffirming his support for Bitcoin, gold, and silver to solve the “real problem” of “fake dollars printed by a corrupt Central Bank” and a Treasury Department he alleged was filled with bureaucrats.
Commenting on recent political developments in the U.S., the billionaire author claimed that Donald Trump would make America richer again by being the first “Bitcoin President.”
The Republican party President-elect made bold crypto promises during election campaigns in a strategic pivot to court the industry’s billions and support from young voters. In addition to creating a strategic Bitcoin reserve, Trump vowed to make America the world’s crypto capital and foster a friendly regulatory environment for the industry.
Stay updated on MicroStrategy’s latest Bitcoin acquisition:
MicroStrategy Buys Additional $4.6B Bitcoin in Latest Acquisition
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Crypto Scores “Huge Victory” Against SEC As Court Tosses Dealer Rule