With his Personal Finance Book “Rich Dad Poor Dad” (Rich Dad, Poor Dad), writer Robert Kiyosaki supported Bitcoin.
Lesson 5. SAVE MONEY: RU NUTS? Why save money when QE FED counterfeiting is printing trillions of fake dollars- $ 82 billion a month to $ 125 billion a day? Why save when ZIRP, zero interest policy pays losers zero? Save gold-god’s money or Bitcoin-people’s money.
– therealkiyosaki (@theRealKiyosaki) April 1, 2020
While Kiyosaki emphasized that the leader will come by describing the cryptocurrency as “the money of all people”, he criticized the Central Bank of America for the issue of trillions of fake dollars.
Keeping Cash Crazy!
Billionaire Ray Dalio clearly described cash as “garbage” in his speech in Davos. It seems that Kiyosaki is in the same rank as Dalio.
Kiyosaki warned its supporters not to accumulate ‘fake dollars’ printed by the Federal Reserve of America (FED). According to the author, it was wrong to hold the dollar, which began to weaken quantitatively by reducing interest rates to almost zero. It seems that the author of Bestseller took the example of Galaxy Digital CEO Mike Novogratz, who said that in 2020 the nominal money was growing on the tree.
Gold God’s Money
Kiyosaki reiterates the saying that precious metals are ‘God’s money’, saying that gold is to be purchased outside of Bitcoin. In an interview, the author describes gold as “a hedge despite the stupidity of the elite.”
It is known that bitcoin is often referred to as ‘digital gold’. Kiyosaki reports that millennium youths are more willing to buy crypto money than generation X.