Robert Kiyosaki who is the author of “Rich Dad Poor Dad” recently made a statement that the biggest crash is coming and also showed his support to Cryptocurrencies like Bitcoin saying that it could replace the US Dollar as the global currency.
Kiyosaki’s book “Rich Dad Poor Dad” is one of the best selling Finance books of all times selling more than 32 Million copies, which stresses on financial independence and owning assets instead of selling your time for a job.
Kiyosaki is a big proponent of Gold and Silver and calls it God’s money, he has heavily criticised Fiat money saying it is fake and he does not believe in the Keynesian principles of government-backed money.
Robert hates Fiat money so much that he has named his next book “Fake” after Fiat money. He says that after the gold standard was taken in 1971 by Nixon, the US Dollar has become fake and will be easily replaced
“The problem is it also became invisible, so they could print as much as they wanted. That’s why savers got wiped out. So for the average person, just buy some Aussie gold or silver coins from the Perth Mint. When the dollar goes down, gold goes up.”
He is a HODLer of Bitcoin for quite some time now and also called it people money in some interviews,
In a recent podcast He said:
“I think the dollar is toast because Gold and Silver and cyber currency are going to take it out..The US dollar is a scam. I think we’re watching the end of the dollar. That’s what I’m saying.”
Even though the price of Bitcoin has plunged since December, many public figures in Finance like the Owner of NYSE and others have come out and recognized the potential of this new currency class that could potentially replace Fiat currency or can serve as an alternative asset class.
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