Robert Kiyosaki, author of the best-selling book ‘Rich Dad Poor Dad,’ praises Bitcoin as an ideal asset. He compares Bitcoin to traditional fiat currencies in a question-and-answer format.
Bitcoin – The Perfect Asset
Kiyosaki recently posted on X (formerly Twitter), discussing Bitcoin and affirming his bullish stance on the cryptocurrency.
He describes Bitcoin as the “perfect asset at the right time,” due to its high value in today’s economic landscape.
According to Kiyosaki, Bitcoin could be perceived as a scam or Ponzi scheme, but he notes similar criticisms can be applied to many fiat currencies like the United States Dollar (USD), Euro, Yen, and others.
Kiyosaki criticizes fiat currencies as “fake” and highlights the economic challenges faced by the US due to debt and inflation.
Despite his concerns about fiat currencies, Kiyosaki remains optimistic about Bitcoin, emphasizing its strong network effect and application of Metcalf’s law, which suggests its value increases as more users join the network.
Kiyosaki’s Advice to Crypto Community
Kiyosaki advises against investing in the US dollar and suggests saving in assets like silver, gold, and Bitcoin, warning about the risks associated with holding value in a currency prone to inflation.
He acknowledges the possibility of Bitcoin’s value decreasing to zero but points out that fiat currencies have historically faced similar risks of depreciation.
Kiyosaki encourages investors to safeguard their wealth by investing in tangible assets like Bitcoin, predicting a price surge to $100,000 within six months and potentially reaching this value by September 2024, reflecting his bullish outlook on Bitcoin’s potential.
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