Robert Kiyosaki, the author of the best-selling personal finance book “Rich Dad Poor Dad,” has added his own views to the ongoing debates about the future of money in the financial world. The expert’s opinions come to a point where advocates of cryptocurrencies believe that they are perfect alternatives to traditional currencies, considering the shortcomings of traditional currencies.
“Bitcoin Should Be Bought Against the Dollar!”
Especially in his recent tweet on September 17th, Kiyosaki emphasized that traditional currency has no future, while pointing out 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 value erosion caused by government monetary policies.
Robert Kiyosaki highlighted Bitcoin’s ability to recover from downturns as one of its most important features and said the following in his statements:
I own 60 BTC. Beyond that, I know nothing. I bought them at $6,000 each, not because I am a crypto expert. I am an investor, and when Bitcoin reached about $20,000 for the first time and dropped to $100, I said, “Oh, it’s 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 a protection against traditional currencies and claimed that its price could rise to $120,000 next year. It is also suggested that he aims for the all-time high of Bitcoin and that next year’s halving event will serve as a significant catalyst.
Disadvantages of the US Dollar!
The analyst believes that the US dollar will significantly lose value due to trillions flowing into the economy and causing extreme inflation. 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 warns about inflation and its potential consequences, stating that it could lead to the death of the middle class in the United States. He attributes part of this risk to President Joe Biden’s green energy policies. In this context, Kiyosaki has repeatedly expressed his distrust of the US government and 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, provide a refuge for investors in these uncertain times.
