Robert Kiyosaki, the best-selling creator of the favored guide, ‘Rich Dad Poor Dad’ has hailed Bitcoin as the right asset. Delving into the digital asset’s distinctive qualities, the monetary professional provides a complete comparability between BTC and conventional fiat currencies via a question-and-answer format.
Bitcoin As The Perfect Asset
In a latest X (previously Twitter) put up, Kiyosaki posed a sequence of questions on Bitcoin, accompanied by solutions to every question. When he questioned his stance on BTC, the finance guru unequivocally declared himself a Bitcoin bull, affirming his admiration for the cryptocurrency.
He characterised Bitcoin because the “perfect asset at the right time,” due to its excessive worth and potential in as we speak’s financial and monetary panorama.
According to the monetary creator, BTC could possibly be a rip-off or a Ponzi Scheme. However, the identical could possibly be stated about a lot of the conventional fiat currencies on this planet such because the United States Dollar (USD), Euro, Yen and others.
Kiyosaki has branded fiat currencies as “fake,” shedding mild on the inconsistencies within the US authorities’s efforts to stimulate financial and monetary progress. The finance professional criticized US political leaders, denouncing them as “incompetent or corrupt or both,” whereas outlining the financial challenges similar to debt and inflation confronted by the US.
Despite his pessimistic evaluation of fiat currencies, Kiyosaki has remained optimistic about Bitcoin. The monetary guru has heralded Bitcoin as a powerful community, highlighting that he was tremendous bullish on the cryptocurrency as a result of it utilized Metcalf’s regulation, which states that the worth of a community is proportional to the sq. of its consumer base. In different phrases, as extra folks use Bitcoin, its total worth will increase.
Kiyosaki’s Advice To The Crypto Community
In his put up, Kiyosaki advises the broader crypto neighborhood in opposition to investing their funds within the US greenback, urging them as a substitute to save in additional invaluable and tangible property like silver, gold and Bitcoin. He emphasised that people who saved in “fake money” had been at an obstacle, highlighting the dangers related to investing in a foreign money susceptible to inflationary pressures.
Further stressing his views on BTC, Kiyosaki acknowledged the potential of the cryptocurrency’s future worth diminishing to zero. However, he famous that fiat currencies might face the same threat, highlighting the historic depreciation of hundreds of fiat currencies to zero.
As a end result, the monetary guru has inspired buyers to safeguard their funds by investing in real-world property like Bitcoin. He has predicted the value of Bitcoin to soar to $100,000 inside six months, anticipating the cryptocurrency to doubtlessly rise to this worth by September 2024. This forecast underscores the monetary creator’s bullish outlook on Bitcoin and his unwavering endorsement of the cryptocurrency’s potential.
BTC value recovers above $71,000 | Source: BTCUSD on Tradingview.com
Featured picture from Decrypt, chart from Tradingview.com