Finance Guru Reveals Why Bitcoin Is The ‘Perfect Asset At The Right Time’

Share This Post

Robert Kiyosaki, the best-selling author of the popular book, ‘Rich Dad Poor Dad’ has hailed Bitcoin as the perfect asset. Delving into the digital asset’s distinctive qualities, the financial expert offers a comprehensive comparison between BTC and traditional fiat currencies through a question-and-answer format. 

Bitcoin As The Perfect Asset

In a recent X (formerly Twitter) post, Kiyosaki posed a series of questions about Bitcoin, accompanied by answers to each query. When he questioned his stance on BTC, the finance guru unequivocally declared himself a Bitcoin bull, affirming his admiration for the cryptocurrency. 

He characterized Bitcoin as the “perfect asset at the right time,” because of its high value and potential in today’s economic and financial landscape. 

According to the financial author, BTC could be a scam or a Ponzi Scheme. However, the same could be said about most of the traditional fiat currencies in the world such as the United States Dollar (USD), Euro, Yen and others. 

Kiyosaki has branded fiat currencies as “fake,” shedding light on the inconsistencies in the US government’s efforts to stimulate economic and financial growth. The finance expert criticized US political leaders, denouncing them as “incompetent or corrupt or both,” while outlining the economic challenges such as debt and inflation faced by the US. 

Despite his pessimistic assessment of fiat currencies, Kiyosaki has remained optimistic about Bitcoin. The financial guru has heralded Bitcoin as a strong network, highlighting that he was super bullish on the cryptocurrency because it applied Metcalf’s law, which states that the value of a network is proportional to the square of its user base. In other words, as more people use Bitcoin, its overall value increases. 

Kiyosaki’s Advice To The Crypto Community

In his post, Kiyosaki advises the broader crypto community against investing their funds in the US dollar, urging them instead to save in more valuable and tangible assets like silver, gold and Bitcoin. He emphasized that individuals who saved in “fake money” were at a disadvantage, highlighting the risks associated with investing in a currency vulnerable to inflationary pressures.

Further stressing his views on BTC, Kiyosaki acknowledged the possibility of the cryptocurrency’s future value diminishing to zero. However, he noted that fiat currencies could face a similar risk, highlighting the historical depreciation of thousands of fiat currencies to zero. 

As a result, the financial guru has encouraged investors to safeguard their funds by investing in real-world assets like Bitcoin. He has predicted the price of Bitcoin to soar to $100,000 within six months, anticipating the cryptocurrency to potentially rise to this value by September 2024. This forecast underscores the financial author’s bullish outlook on Bitcoin and his unwavering endorsement of the cryptocurrency’s potential.

Bitcoin price chart from Tradingview.com

Read Entire Article
spot_img

Related Posts

Openai CEO Sam Altman Believes Processing Power Might Be the New UBI

Sam Altman, CEO of Openai, the company behind the artificial intelligence (AI) model Chatgpt, has reflected on how the new wave of universal basic income (UBI) initiatives might be organized In an

SEC Counters Coinbase’s Petition For New Crypto Regulations

The US Securities and Exchange Commission (SEC) has filed a countermotion against Coinbase’s rulemaking petition for the crypto industry In a brief submitted on May 10, the US regulator argues

Ethereum Whale Offloads Holdings Amidst Market Downturn

Ethereum (ETH) tumbled 645% in the past week, marking a rough stretch for the world’s second-largest cryptocurrency Generally, Ether has left investors much to desire in recent times with a

Nigerian Experts Say Past Central Bank Policies Drove Users to P2P Crypto Platforms

Stakeholders in Nigeria’s cryptocurrency sector argue that the Central Bank of Nigeria’s previous decision to exclude cryptocurrency entities from the banking ecosystem has fueled the growth of

Bank of Canada Governor Warns of ‘Sharp Correction’ Risks in Markets and ‘System-Wide Stress’

In his speech on the release of the Financial Stability Report, Tiff Macklem, Governor of the Bank of Canada, sought to emphasize the purported strength of Canada’s financial system while

Ark Invest Removes Staking Option From Latest Ethereum ETF Proposal

Ark Invest and 21shares have revised their proposal for a spot ethereum exchange-traded fund (ETF), removing previously included options for staking This change marks a significant pivot from their
- Advertisement -spot_img