Robert Kiyosaki supported bitcoin and spoke out against the digital dollar

Robert Kiyosaki, author of the bestselling book Rich Dad Poor Dad, said that bitcoin will protect investors’ funds from inflation, and the digital dollar will only contribute to its growth.

On The Rich Dad Channel podcast, Robert Kiyosaki shared his thoughts on the future development of the cryptocurrency market and how investors can save and grow their funds. The entrepreneur is known as a supporter of the first cryptocurrency, and against the background of the growth of bitcoin above $40,000, he did not miss the opportunity to note its advantages.

According to the writer, one of the main reasons why he supports the first cryptocurrency is decentralization. No governments can set boundaries for bitcoin. The same is true with blockchain. This factor can become a strong link between technology and macroeconomics, Kiyosaki said.

“The government is trying to control everything centrally. It is for decentralization that I support bitcoin. Bitcoin is people’s money, while gold and silver are God’s money,” Kiyosaki said.

With inflation in the US at its highest in 40 years, many financial professionals are concerned about how to save their money if inflation continues to rise. Kiyosaki has repeatedly said that he prefers to invest in precious metals and bitcoin. He does not keep his fortune in dollars as money loses its value.

The entrepreneur also mentioned the decree of US President Joe Biden, according to which federal agencies should develop a concept for regulating cryptocurrencies and study the economic consequences of introducing a digital dollar in order to protect the interests of American investors.

Kiyosaki believes that the U.S. Federal Reserve’s (FRS) digital currency will only “lead to hyperinflation the likes of which the U.S. has never seen before.” This will be another reason to bypass the banking system using bitcoin, Kiyosaki concluded.

Recall that last year Kiyosaki predicted the onset of the largest crisis in world history. Therefore, he urged people to buy as many bitcoins as possible in order to insure against the collapse of the markets.

Source: Bits

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