Robert Kiyosaki, the best-selling creator of the favored guide, ‘Rich Dad Poor Dad’ has hailed Bitcoin as the perfect asset. Delving into the digital asset’s distinctive qualities, the monetary skilled presents a complete comparability between BTC and traditional fiat currencies by way of a question-and-answer format.
Bitcoin As The Perfect Asset
In a latest X (previously Twitter) submit, Kiyosaki posed a collection 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 immediately’s financial and monetary panorama.
According to the monetary creator, BTC may very well be a rip-off or a Ponzi Scheme. However, the identical may very well be stated about many of the conventional fiat currencies on the earth such because the United States Dollar (USD), Euro, Yen and others.
Kiyosaki has branded fiat currencies as “fake,” shedding gentle on the inconsistencies within the US authorities’s efforts to stimulate financial and monetary progress. The finance expert criticized US political leaders, denouncing them as “incompetent or corrupt or both,” whereas outlining the financial challenges resembling debt and inflation confronted by the US.
Despite his pessimistic assessment of fiat currencies, Kiyosaki has remained optimistic about Bitcoin. The monetary guru has heralded Bitcoin as a strong network, 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 person base. In different phrases, as extra folks use Bitcoin, its total worth will increase.
Kiyosaki’s Advice To The Crypto Community
In his submit, Kiyosaki advises the broader crypto group towards investing their funds within the US dollar, urging them as a substitute to save in more valuable and tangible assets like silver, gold and Bitcoin. He emphasised that people who saved in “fake money” have been at an obstacle, highlighting the dangers related to investing in a forex 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 may face an analogous threat, highlighting the historic depreciation of hundreds of fiat currencies to zero.
As a outcome, the monetary guru has inspired traders to safeguard their funds by investing in real-world property like Bitcoin. He has predicted the price 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 worth recovers above $71,000 | Source: BTCUSD on Tradingview.com
Featured picture from Decrypt, chart from Tradingview.com
