Robert Kiyosaki, an American financial analyst and the best -selling Rich Dad Poor Dad, summarized two reasons why Bitcoin, the leading crypto currency, was better than the US dollar. In an recent article, Kiyosaki shared his positive opinion about the crypto and emphasized the Gresham Act and the Metcalfe Law as the basic principles supporting his opinion.
Robert Kiyosaki talked about the leading crypto currency
Robert Kiyosaki, who is sometimes known as the “crisis oracle çıkmış because he talked about the rich Baba Poor Baba and his tips on the 2008 crisis in this book, recently shared a sharing about X (formerly twitter) Bitcoin becomes larger than the US dollar . According to the Gresham Act, he said that bad money “fired” the good money from circulation. Kiyosaki said Fiat currencies, including the US dollar, have lost their reliability due to inflation and excessive money printing.
In this case, Bitcoin said gold and silver is “good money .. According to Kiyosaki, considering that people no longer trust paper currencies, such assets turn into safest places for investment. In addition, as people have long used physical metals such as gold and silver as a means of value, they now claim that the crypto currency has been accepted. Robert Kiyosaki added:
Good money (gold and silver) has been hiding from fake US dollars for years. Today gold, silver and Bitcoin; Fake US dollar forces to hide.
There is encouragement to purchase Bitcoin
In particular, Binance founder Changpeng ‘CZ’ Zhao and “Rich Dad Poor Dad” writer Robert Kiyosaki encouraged to buy Bitcoin from the bottom in the middle of the rising Fomo. While the CZ advised Bitcoin’s responsible investment for the volatility of Bitcoin, he called on individuals to buy individuals for long -term gains, emphasizing the BTC’s potential to create a reserve. Kiyosaki also underlined the Metcalfe Law, which states that the value of a network increases with the number of users. He announced that Bitcoin contributed to the increasing value and effect of expanding user network and global adoption. This principle was an important driving force in the rise of Bitcoin as a decentralized being.
He compared Bitcoin’s network growth with settled systems such as franchisees and large companies that strengthened their scales. Kiyosaki stressed that the decentralized structure of the BTC allows individuals and businesses to benefit from the growing network for transactions and value storage. However, recently, Goldman Sachs CEO David Solomon reiterated his belief in the domination of the US dollar, seeing Bitcoin as a speculative being and seeing a threat to global financial stability. While the bank is investigating blockchain technology for operational efficiency, it is restricted that it owns Bitcoin directly due to regulations.
Bitcoin, Gold and Silver; Is an alternative to the US dollar?
The US dollar faced the decrease in global confidence, while Kiyosaki Bitcoin challenged the dominance of gold and silver. Fiat said that excessive dependence on currencies led to economic instability and led individuals to seek alternatives. The Bitcoin network is seen as a protection against inflation with its limited supply and its decentralized nature.
Kiyosaki stressed that the transition to these assets is a natural response to erosion of the purchasing power in Fiat currencies. He reiterated his belief that concrete assets such as Gold, Silver and Bitcoin network offer a more reliable value store in uncertain times. The rich father’s poor father writer also warned about reckless monetary policies and a giant market collapse of financial bad administration. It attributed this economic decline to the government’s decision to print an excessive amount of money. According to Kiyosaki, money -printing strategies reduced the value of Fiat currencies.
