Robert Kiyosakithe best-selling author of the popular book “Rich Dad, Poor Dad,” has praised bitcoin as the perfect asset. Delving deeper into the digital asset's distinctive qualities, the financial expert offers a comprehensive comparison between btc and bitcoin/the-us-dollar-is-dying-buy-bitcoin-prominent-financial-educator/” rel=”nofollow noopener” target=”_blank”>traditional fiat currencies through a question and answer format.
bitcoin as the perfect asset
In a recent post on X (formerly Twitter), Kiyosaki raised a series of questions about bitcoin, accompanied by answers to each query. when he questioned your stance on btcThe finance guru unequivocally declared himself a bitcoin bull, stating his admiration for the cryptocurrency.
He characterized bitcoin as the “perfect asset at the right time,” due to its high value and potential in the current economic and financial landscape.
According to the financial author, btc could be a scam or a Ponzi scheme. However, the same could be said for most of the world's traditional fiat currencies, such as the bitcoin-as-dollar-is-dying/” rel=”nofollow noopener” target=”_blank”>US dollar (USD)Euro, Yen and others.
Kiyosaki has rated fiat currencies as “false,” shedding light on inconsistencies in the U.S. government’s efforts to stimulate economic and financial growth. He Financial expert criticized American political leadersdenouncing them as “incompetent or corrupt or both,” while describing economic challenges such as debt and inflation facing the United States.
Despite its pessimistic assessment of fiat currencies, Kiyosaki has remained bullish on bitcoin. The financial guru has announced bitcoin as a strong network, highlighting that he was super bullish on cryptocurrency because it applied Metcalf's law, which states that the value of a network is proportional to the square of its user base. In other words, as more people use bitcoin, its overall value increases.
Kiyosaki's advice to the crypto community
In his post, Kiyosaki advises against the general crypto community investing their funds in the American dollarurging them instead to bitcoin-news/best-decision-is-to-buy-bitcoin–btc-robert-kiyosaki-urges/” rel=”nofollow noopener” target=”_blank”>save on more valuable and tangible assets like silver, gold and bitcoin. He stressed that people who saved with “fake money” were at a disadvantage, highlighting the risks associated with investing in a currency vulnerable to inflationary pressures.
Further highlighting his views on btc, Kiyosaki acknowledged the possibility of the future value of the cryptocurrency declining to zero. However, he noted that fiat currencies could face a similar risk, highlighting the historical depreciation of thousands of fiat currencies to zero.
As a result, the financial guru has encouraged investors to safeguard your funds investing in real world assets like bitcoin. He has predicted the The price of bitcoin will skyrocket to $100,000. within six months, anticipating that the cryptocurrency could reach this value in September 2024. This forecast underlines the financial author's bullish outlook on bitcoin and its unwavering endorsement of cryptocurrency potential.
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btc price recovers above $71,000 | Source: BTCUSD on Tradingview.com
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