Robert Kiyosaki says he will buy more Bitcoin amid reserve announcement

Real estate billionaire and author of the book Rich Dad Poor, Robert Kiyosaki, said he would buy more Bitcoin following the announcement of Donald Trump's strategic cryptocurrency reserve. In a bold and transformative move for the crypto sector, President Donald Trump signed an executive order to establish the Strategic Bitcoin Reserve Fund. While the main focus is on bitcoin, the initiative could have significant implications for altcoins such as XRP, ether, Solana, and Cardano, cementing their position in the growing digital asset landscape. However, American investor and entrepreneur Robert Kiyosaki has mainly focused on Bitcoin, an asset that he has been encouraging investors to buy and hold for years. The main reason Robert has bought and held Bitcoin for years is because he "doesn't trust the government." "I don't trust the Federal Reserve Bank. I don't trust the treasury. I don't trust Biden, and I don't trust the stock market," said the author of the book Rich Dad Poor Dad. He posted to X, formerly Twitter, to explain why he thinks this strategic Bitcoin reserve is important: "WHY is it so important for President Trump to sign the Bitcoin Strategic Reserve? A: Because President Trump is a leader, unlike Biden or Kamala. Political and business leaders around the world will follow the example of our LEADER....President Trump. That's why it's important for President Trump to sign the Bitcoin Strategic Reserve Act....if you're also... a leader. Or you can also be a critic and a coward like Biden and Kamala. Your choice. I'm going to buy more Bitcoin." White House crypto and AI tycoon David Sacks emphasized that this reserve is considered a long-term store of value. The U.S. government currently holds about 200,000 Bitcoins, and this executive order aims to bring much-needed transparency and oversight to these federal digital assets. While reserves are primarily focused on Bitcoin, the inclusion of other digital currencies in the broader strategy cannot be overlooked. The executive order also establishes the U.S. Digital Asset Reserve to manage other confiscated cryptocurrencies, alluding to a more integrated approach to digital assets as a whole. As Nic Carter, a venture capitalist, has pointed out, the U.S. commitment to establish a Bitcoin reserve fund will confirm the entire cryptocurrency market, raising awareness of all digital assets. This executive order not only strengthens Bitcoin's role, but also opens the door for altcoins to thrive in an increasingly digital economy, ensuring they remain an essential part of the financial landscape in the future.