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Robert Kiyosaki, the best-selling writer of the favored e-book, ‘Rich Dad Poor Dad’ has hailed Bitcoin as the perfect asset. Delving into the digital asset’s distinctive qualities, the monetary professional provides a complete comparability between BTC and traditional fiat currencies via a question-and-answer format. 

Bitcoin As The Perfect Asset

In a current X (previously Twitter) put up, Kiyosaki posed a sequence of questions on Bitcoin, accompanied by solutions to every question. When he questioned his stance on BTC, the finance guru unequivocally declared himself a Bitcoin bull, affirming his admiration for the cryptocurrency. 

He characterised Bitcoin because the “perfect asset at the right time,” due to its excessive worth and potential in at this time’s financial and monetary panorama. 

According to the monetary writer, BTC might be a rip-off or a Ponzi Scheme. However, the identical might be stated about a lot of the conventional fiat currencies on this planet such because the United States Dollar (USD), Euro, Yen and others. 

Kiyosaki has branded fiat currencies as “fake,” shedding gentle on the inconsistencies within the US authorities’s efforts to stimulate financial and monetary progress. The finance expert criticized US political leaders, denouncing them as “incompetent or corrupt or both,” whereas outlining the financial challenges resembling debt and inflation confronted by the US. 

Despite his pessimistic assessment of fiat currencies, Kiyosaki has remained optimistic about Bitcoin. The monetary guru has heralded Bitcoin as a strong network, highlighting that he was tremendous bullish on the cryptocurrency as a result of it utilized Metcalf’s regulation, which states that the worth of a community is proportional to the sq. of its consumer base. In different phrases, as extra individuals use Bitcoin, its general worth will increase. 

Kiyosaki’s Advice To The Crypto Community

In his put up, Kiyosaki advises the broader crypto group towards investing their funds within the US dollar, urging them as an alternative to save in more valuable and tangible assets like silver, gold and Bitcoin. He emphasised that people who saved in “fake money” had been at a drawback, highlighting the dangers related to investing in a forex weak to inflationary pressures.

Further stressing his views on BTC, Kiyosaki acknowledged the potential of the cryptocurrency’s future worth diminishing to zero. However, he famous that fiat currencies may face an analogous danger, highlighting the historic depreciation of 1000’s of fiat currencies to zero. 

As a outcome, the monetary guru has inspired traders to safeguard their funds by investing in real-world belongings like Bitcoin. He has predicted the price of Bitcoin to soar to $100,000 inside six months, anticipating the cryptocurrency to probably rise to this worth by September 2024. This forecast underscores the monetary writer’s bullish outlook on Bitcoin and his unwavering endorsement of the cryptocurrency’s potential.

BTC worth recovers above $71,000 | Source: BTCUSD on Tradingview.com

Featured picture from Decrypt, chart from Tradingview.com