Rich Dad Poor Dad Author Robert Kiyosaki Says He Buys Bitcoin Because He doesn't "Trust" U.S. Dollar
Robert Kiyosaki, a world-renowned entrepreneur and author, has revealed that he buys more Bitcoin as he doesn't trust the U.S. dollar, which he termed as "fake."
Kiyosaki, who is the best-selling author of Rich Dad Poor Dad, has issued a stark warning regarding the weakening U.S. dollar during a recnet interview with Kitco News.
Citing aspects such as excessive printing, the American entrepreneur argued that the days of the U.S. dollar as the reserve currency of the world are numbered. "The dollar was as good as gold, that’s all changed, and today, we’re in serious trouble globally, and I’m very concerned the end of the American Empire is here," he stated.
In contrast, Kiyosaki said he believes in the lasting value of Bitcoin and other precious metals like gold and silver. He mentioned that even when Bitcoin crashes, it comes "roaring back," proving that the flagship cryptocurrency has sustainability.
“When I saw Bitcoin go to $20,000, I don’t know when it was, then it dropped down. But then it came roaring back… so the more I’m in it the more I realize it has sustainability. So the reason people buy Bitcoin is the same reason I buy this [silver]. And I buy this [gold]. I don’t trust this [dollar bills].”
Kiyosaki has long been an advocate of Bitcoin, preferring the leading cryptocurrency over other altcoins. Earlier this year, he revealed that he is acquiring more BTC because it is classified as a commodity much like gold and silver while other altcoins are classified as securities "and SEC regulations will crush most of them."
The best-seller author also continues to make wild predictions about the price of Bitcoin. Earlier this month, he forecasted that Bitcoin price will skyrocket to $500,000 by 2025.
Despite a flurry
Read more on cryptonews.com
