Robert Kiyosaki Expresses Strong Support for Bitcoin (BTC) and Belief that This Cryptocurrency Will Bring about the End of Fiat Currencies

Robert Kiyosaki, the well-known author of the bestseller Rich Dad Poor Dad, has expressed his strong support for Bitcoin (BTC) and his belief that

Bestselling author Robert Kiyosaki, well-known for his book Rich Dad Poor Dad, has expressed his strong support for Bitcoin (BTC) and his belief that the cryptocurrency will be the end of fiat currencies like the US dollar.

During a recent conversation with entrepreneur and Bitcoin expert Anthony Pompliano on his podcast The Rich Dad Channel, Kiyosaki shared his insights on the economic future and how Bitcoin fits into the picture.

According to him, we are in an economic crisis that will be accelerated by artificial intelligence, which might see banks being forced to close their doors.

The author also did not hold back in criticizing the handling of the global economy and called the current leaders “the Three Stooges,” referring to Joe Biden, Jerome Powell, and Janet Yellen. For Kiyosaki, these leaders have acted criminally by printing more money, which he sees as a recipe for economic disaster.

He argues that this action has led to a continuous devaluation of fiat money, causing people to seek out sounder alternatives to preserve their wealth.

One of the points that Kiyosaki emphasizes the most is the inherent scarcity of Bitcoin. With a limited supply of only 21 million BTC, the cryptocurrency has a unique standing in the market. Kiyosaki explains that demand for Bitcoin is increasing, and this, coupled with its finite supply, drives its value up.

Moreover, he uses Metcalfe’s law to illustrate how the growth in the number of Bitcoin users is directly linked to its value. The more users that connect to the network, the greater its influence and, subsequently, its valuation in the market.

Trust in Bitcoin as a safe haven

Kiyosaki also highlights that, unlike fiat currencies, Bitcoin is backed by blockchain technology, which is transparent and open for the public to see. This feature is key for trust in the system, as the control over the Bitcoin supply is not in the hands of any bank or government, reducing the chances of any fraudulent manipulations.

This decentralization is what makes many investors, including Kiyosaki, see Bitcoin not only as a financial asset but as a safe haven during times of economic distress.

In related news, the author reminded his followers of the importance of acting fast. Back in August, Kiyosaki advised buying Bitcoin if its price fell below $53,000, seeing it as a golden opportunity to accumulate the asset. At the moment, the price of Bitcoin is trading at $60,220, down 2.44% in the last 24 hours and showing a decrease of 5.36% in the last week.

Nevertheless, despite these fluctuations, Kiyosaki continues to urge investors to look past the short-term volatility and consider Bitcoin’s value in the long run in a world that trusts fiat currencies less and less.