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Robert Kiyosaki, author of the book “Rich Dad Poverty Talt”, claimed that Bitcoin would force the US dollar “to hiding”. He quoted economic principles and network effects to support his forecast about the future of the currency.
In many tweets, Kiyosaki explained his bull attitude to Bitcoin (BTC) through two key laws. At first he referred to Greham’s law, which states that “bad money” in the system causes “good money” to hide. He noted that gold, silver and bitcoins force a fake US dollar to hide.
The financial author also emphasized the Metcalfe law, which describes the power of networks. Kiyosaki, who attracted parallels to successful business models, such as McDonald’s and his own rich dad company, suggested that the network effect of bitcoins contribute to its growing influence in the global financial system.
4th January Kiyosaki warned The upcoming “giant market accident” while maintaining your positive view of bitcoins, gold and silver. He criticized the federal reserve system, the treasury, banks and Wall Street for relying on the printing of money, and claimed that this practice would enrich the holder of asset while damaging those who save in dollars for inflation and tax.
Kiyosaki has taken an increasingly loud attitude to the availability of bitcoins, and said that, unlike traditional wealth building methods that required sophisticated knowledge, bitcoins “facilitate simplification” through simple accumulation and holding strategies. He proposed that the purchase of even a small number of bitcoins and its long -term possession could lead to the creation of wealth.
His comments come in the middle of wider discussions about fear of monetary policy and inflation. Kiyosaki advised his followers to protect themselves from inflation by saving what he considered “real assets” – gold, silver and bitcoins – rather than holding dollars. The statement of a financial teacher is in accordance with the increasing institutional interest in bitcoins as a potential security against inflation.
