Businessman and author of the personal finance book “Rich Dad Poor Dad” Robert Kiyosaki reiterated his support for Bitcoin (BTC), noting that the cryptocurrency has the potential to act as an alternative to the current fiat system.
Why is Bitcoin among the “world’s hottest topics”?
Kiyosaki said on the February 2 session of The Rich Dad Radio Show that he has labeled Bitcoin among the “three hottest topics in the world” alongside precious metals due to the depreciation of the US dollar.
“It’s the hottest topic on the market today, and it’s not real estate. The thing here is gold, silver and of course Bitcoin. So the reason these three things are the hottest topics in the world right now is because our money is fake.”
Bitcoin is ‘people’s money’
Based on the potential revealed by Bitcoin, Kiyosaki went on to refer to the asset as “people’s money”. While the best-selling author admitted that he didn’t know much about Bitcoin, he was happy to buy the asset while it was still worth $6,000.
In addition, Kiyosaki seemed to greet the decentralized nature of Bitcoin by stating that the current financial system is fraudulent and characterized by theft.
Kiyosaki; “Right now this whole system is fake. I’ve been saying this for years, it’s fake money. I love Bitcoin. I call it people’s money. I don’t know much about Bitcoin now, but I’m glad I got it for $6.00. That’s all I know right now.”‘ said.
Bitcoin holders will become rich
Specifically, the investor described the dollar as ‘fake’ and stressed that the currency continues to be devalued by increasing pressure from the Federal Reserve. As a result, he accused the Fed of failing to contain inflation, resulting in a worsening economic outlook.
Along these lines, Kiyosaki had previously predicted that Fed policies would in turn trigger an increase in Bitcoin’s value, enriching its holders. Indeed, Kiyosaki suggested that Bitcoin will likely stand out as regulators crush other assets classified as securities.
Finally, it is worth noting that, as reported by Finbold, at the end of January, the financial education advocate observed that the global economy was already in a recession and predicted a hard landing.
Disclaimer: The content on this site should not be considered as investment advice. Investment is speculative. When investing, your capital is at risk.
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