Robert Kiyosaki, author of the book “Rich Father, Poor Father” once again praises Bitcoin – the number one cryptocurrency in terms of market capitalization.
Robert Kiyosaki: Forget about real estate and gold
In an interview with a well-known bitcoin investor and enthusiast – Anthony Pompliano – who last week convinced comedian Bill Burr to buy his first BTC – Kiyosaki, explained to listeners that gold and real estate no longer have a huge advantage in the United States, and that investing is the future in bitcoin.
“Real estate and gold are being phased out … the bitcoin world is now in sight … I think it is important, especially for old guys like me, to understand the world of cryptocurrency, because it is a world that is currently in sight and we – investors in real estate and gold we are slowly coming to the background. “
Robert Kiyosaki since March, when the coronavirus first began to take control of the global economy, began to strongly promote bitcoin. Printing money by the US government meant that the investor, on his Twitter, wrote that “the death of the US dollar” is inevitable. He added that people get involved in bitcoin if they do not want inflation to affect their financial lives.
In addition, he expressed the belief that the price of bitcoin will rise to $ 75,000 over the next three years. He stated:
“Today there is a fight between older and younger. As an old guy, it took me some time to go to [bitcoina i crypto]but now I’m investing in it. “
BTC is part of the financial future
Kyiosaki said in an interview that he originally tried to buy bitcoin at the end of 2017, when it cost $ 20,000 each. He added that he failed to finalize any transaction. According to the author, “Rich Father, Poor Father”, current economic conditions and the government’s response to the spread of COVID-19 forced him to enter the cryptocurrency market.
“Bitcoin and other cryptocurrencies are currently questioning the hegemony of the US dollar and other fiat currencies. In May 2020, a historical event [halving] it reduced the daily bitcoin supply from 1,800 bitcoins a day to 900 bitcoins a day, which is sort of a quantitative hardening, unlike what the Fed does by printing billions of dollars. Central banks, in the easiest way, create money out of nothing. They create “fake money” and lend it to governments. On the other hand, bitcoin is completely decentralized, which means that no one can manipulate the market and there is not a single point of failure … I wonder how long central banks will tolerate competition from electronic money before it breaks down. “