"Bitcoin Should Be Bought Against the Dollar!" - COINTURK NEWS
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“Bitcoin Should Be Bought Against the Dollar!”

7:34 pm (17 days ago)
September 17, 2023

Robert Kiyosaki, the author of the best-selling personal finance book “Rich Dad Poor Dad,” has added his views on the future of money in the financial world to the current debates. The expert’s opinions come to a point where advocates of cryptocurrencies believe that they are perfect alternatives for the shortcomings of traditional currencies.

“Bitcoin Should Be Bought Against the Dollar!”

Especially in his X post on September 17th, Kiyosaki emphasized that traditional currency has no future, while drawing attention to the fact that cryptocurrencies are the future of money. The entrepreneur had previously expressed his skepticism about traditional currencies, especially the US dollar. Robert Kiyosaki, who admitted to owning some Bitcoin (BTC), sees cryptocurrencies as protection against inflation and the erosion of value caused by government monetary policies.

Robert Kiyosaki emphasized that one of the most important features of Bitcoin is its ability to recover after downturns, and said the following in his statements:

I own 60 BTC. I don’t know anything beyond that, I bought them at $6,000 each, and the reason I bought them is not because I’m a crypto expert. I’m an investor, and when Bitcoin reached around $20,000 for the first time and dropped to $100, I thought it was gone. But when it came back up to $6,000, I said, I think it will stay here.

In this regard, Robert Kiyosaki emphasized the importance of Bitcoin as protection against traditional currencies and claimed that its price could rise to $120,000 next year. It is also claimed that he aims to reach the all-time high for Bitcoin and that next year’s halving event will serve as an important catalyst.

The Disadvantages of the US Dollar!

The analyst believes that due to the inflow of trillions into the economy and excessive inflation, the US dollar will significantly lose its value. As a result, Kiyosaki primarily recommended buying assets such as gold, silver, and Bitcoin to protect against the devaluation of traditional currency.

At the same time, the economist warned about inflation and its potential consequences, stating that it could lead to the death of the middle class in the US. He attributes part of this risk to President Joe Biden’s green energy policies. In this context, while repeatedly expressing his distrust of the US government, Kiyosaki called for an end to the Federal Reserve’s continuous money printing practices. According to the analyst, the US economy is on the brink of a major crisis, and cryptocurrencies, especially Bitcoin, offer investors a refuge in these uncertain times.

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