TL;DR
- Robert Kiyosaki claims that Bitcoin will lead to the collapse of fiat currencies, such as the US dollar.
- He criticizes the current economic management and believes that leaders are destroying the economy by excessive money printing.
- It highlights the scarcity of Bitcoin and its growing demand, relying on Metcalfe’s law to explain its value.
Robert Kiyosaki, the well-known author of the bestseller Rich Dad Poor Dad, has expressed his strong support for Bitcoin (BTC) and his belief that this cryptocurrency will bring about the end of fiat currencies, such as the US dollar.
During a recent conversation with entrepreneur and Bitcoin expert Anthony Pompliano on his podcast The Rich Dad Channel, Kiyosaki highlighted his perspective on the economic future and the relevance of Bitcoin in this context.
According to him, we are in the midst of an economic crisis that will be accelerated by artificial intelligence, which could lead to situations where banks are forced to close their doors.
The author did not hold back in his criticism of the management of the global economy and called the current leaders “the Three Stooges”, referring to Joe Biden, Jerome Powell, and Janet Yellen. For Kiyosaki, these leaders have acted like criminals by injecting more money into the system, which he considers a recipe for economic disaster.
He argues that this behavior has led to a steady devaluation of fiat money, causing people to seek safer alternatives to preserve their wealth.
One of the points Kiyosaki makes most is the inherent scarcity of Bitcoin. With a limited supply of just 21 million BTC, this cryptocurrency is in a unique position in the market. Kiyosaki explains that demand for Bitcoin is on the rise, and this, combined with its limited supply, increases its value.
Furthermore, he uses Metcalfe’s law to illustrate how the growth in the number of Bitcoin users is directly related to its value. The more users that connect to the network, the greater its influence and, therefore, its valuation in the market.
Trust in Bitcoin as a safe haven
Kiyosaki also highlights that, unlike fiat currencies, Bitcoin is backed by blockchain technology, which is transparent and available for public scrutiny. This feature is critical for trust in the system, as control over the Bitcoin supply is not in the hands of any bank or government, reducing the possibility of fraudulent manipulations.
This decentralization is what makes many investors, including Kiyosaki, view Bitcoin not just as a financial asset, but as a safe haven in times of economic uncertainty.
On the other hand, the author reminded his followers of the importance of acting quickly. In August, Kiyosaki recommended buying Bitcoin when its price fell below $53,000, considering it a golden opportunity to accumulate this asset. Currently, the price of Bitcoin stands at $60,220, which represents a decrease of 2.44% in the last 24 hours and a decrease of 5.36% in the last week.
However, despite these fluctuations, Kiyosaki continues to encourage investors to look beyond short-term volatility and consider Bitcoin’s long-term potential in a world that increasingly trusts less and less fiat currencies.
