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Cryptocurrency News Articles
Robert Kiyosaki: Bitcoin Will Outshine the US Dollar, Here's Why
Jan 26, 2025 at 06:41 pm
Famous Rich Dad Poor Dad author Robert Kiyosaki has struck once again, highlighting the reason why Bitcoin will outshine the United States dollar.
Robert Kiyosaki, the renowned author of Rich Dad Poor Dad, has once again highlighted the disparity between Bitcoin and the United States dollar, tagging the former as ‘good money’ and the latter as ‘bad money.’ This recent post on X marks Kiyosaki’s latest commentary on the two assets.
In his recent post, Kiyosaki makes a compelling argument, listing the reasons why Bitcoin can be relied upon as a better store of value compared to the dollar, noting that it is the one reason why the leading digital asset will outshine the greenback in the coming years.
Robert Kiyosaki makes a compelling Bitcoin argument
According to Kiyosaki, Bitcoin has often offered great stability with enough room for growth, something that inflation and excessive printing have denied the dollar. He believes that confidence in the US dollar is at an all-time low, noting that people are now gravitating towards the digital asset. It is not hard to see why, especially after President Donald Trump came into the White House with his meme coin and crypto friendly promises.
TWO LAWS THAT GIVE BITCOIN POWER1: GRESHAMS LAW: When BAD money enters a system GOOD money goes into hiding. Good money gold and silver have been hiding from FAKE US dollars for years. Today, Gold, silver, and Bitcoin are forcing the fake US dollar into hiding.2:…
In his post, Kiyosaki maintains that two laws give Bitcoin power over the dollar. He quoted Gresham’s law, noting that when bad money enters a system, good money goes into hiding. He mentioned that over the last year, the dollar, which he refers to as bad money, has forced precious metals, which he calls good money, into hiding. However, he noted that things have changed now, as Bitcoin, silver, and gold are now fighting back and sending the dollar into hiding.
Kiyosaki’s post about Gresham’s law discusses how Bitcoin is a safer bet in the face of the weakened dollar. He also pointed to Metcalfe’s Law, where he talked about the value of having a better network of participants. He noted that Bitcoin’s value is currently being strengthened by the number of its participants, with its decentralized nature being the edge that the currency possesses. This postulation talks about the growing interest that Bitcoin has enjoyed from corporations, with MicroStrategy currently leading the Bitcoin purchase charge.
Skeptics unmoved by Bitcoin’s potential as the dollar plunges
With Donald Trump at the helm of affairs in the United States, there is no telling what will happen in the local financial landscape. However, his pro-crypto mindset is a win for Bitcoin and the wider crypto industry. Hailed as the crypto president, Trump has kicked things into motion, endorsing a national Bitcoin Reserve.
However, some people are still not convinced about Bitcoin’s value. Most of them see it as a speculative asset, with Goldman Sachs CEO David Solomon as one of them. He has frequently mentioned how the asset’s speculative nature has not made it a true competition to the dollar.
Meanwhile, the United States dollar recently dropped to 1.7%, a 14-month low last seen in 2023. According to analysts, the dollar is now in the overvalued region, with a correction coming soon. The correction has seen other currencies perform well against the dollar, with the British pound rising by 2.5%.
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- El Salvador Removes Mandatory Bitcoin Payments to Meet IMF's Loan Requirements
- Jan 30, 2025 at 04:30 pm
- Businesses can now choose whether to accept Bitcoin instead of being required to. El Salvador has made a big change to its Bitcoin laws to follow the rules set by the International Monetary Fund (IMF).