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Cryptocurrency News Articles

Renowned Investment Guru Warns: Ditch 'Fake' Fiat Currency, Embrace 'Real' Assets Like Bitcoin

Mar 26, 2024 at 02:57 pm

Crypto investor Robert Kiyosaki, renowned for his book "Rich Dad Poor Dad," maintains his positive stance on Bitcoin. In his latest X post, Kiyosaki emphasizes the importance of investing in "real" assets like Bitcoin, gold, and silver, rather than "fake" fiat currencies. Despite acknowledging Bitcoin's potential as a "scam" or "Ponzi scheme," he asserts that it is no more so than traditional fiat currencies, which he deems "Giant Ponzi schemes."

Renowned Investment Guru Warns: Ditch 'Fake' Fiat Currency, Embrace 'Real' Assets Like Bitcoin

Crypto Guru Robert Kiyosaki: Escape 'Fake' Fiat Currency, Embrace 'Real' Assets Like Bitcoin

Renowned financial education guru Robert Kiyosaki, author of the bestselling book "Rich Dad Poor Dad," has once again sounded the alarm on the perils of fiat currencies and the potential of Bitcoin as a legitimate investment. In a recent X post, Kiyosaki implored readers to safeguard their wealth by holding "real" assets such as Bitcoin, gold, and silver, shunning the "fake" and "Ponzi-like" nature of fiat currencies.

Kiyosaki, known for his outspoken views on the financial system, did not shy away from acknowledging the risks associated with Bitcoin, including the possibility of it becoming a scam or a Ponzi scheme. However, he vehemently argued that Bitcoin is no more a scam than the likes of the US Dollar, Euro, or Yen, all of which he deemed as "fake" or fiat currencies.

"Our leaders have no idea how to control the growing US government debt and US bond market, and over inflated stock market...They should resign, be fired, impeached, or put in jail," Kiyosaki asserted.

Kiyosaki pointed to the dire lack of financial acumen among political leaders, claiming that they have led America and the world astray. He urged his followers to heed the lessons he imparted in "Rich Dad Poor Dad" and invest in Bitcoin, while warning that those who cling to fiat currencies are destined to lose.

Despite his enthusiasm for Bitcoin, Kiyosaki did not downplay the potential for it to lose value or even collapse to zero, as countless other "fake" currencies have in the past. However, he remained steadfast in his belief that Bitcoin represents a sound investment opportunity in a world awash in fiat currency devaluation.

In closing, Kiyosaki recommended seeking financial advice from reputable sources such as Ral Paoul, Lawrence Lepard, Jeff Booth, Mark Moss, and Anthony Pompliano, all of whom he believes share his foresight regarding the treacherous financial landscape ahead.

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Other articles published on Nov 02, 2024