Bitcoin will Outlive the US Dollar
Robert Kiyosaki author of the Popular financial self-help manual Rich Dad, Poor Dad has declared bitcoin and other cryptocurrencies is the currency of the People. The author stated that the US is a scam.
He predicted that an imminent stock market crash is impending and saying,
“The US Dollar is a scam…I think the dollar is toast because gold and silver and cyber currency are going to take it out…The US Dollar is gone…In the year 2000, there was one currency, the US Dollar. It was called the reserve currency of the world…and then came bitcoin or cyber currency.”
While discussing his upcoming book entitled, Fake; Fake money, fake teaches, Fake Assets he revealed that he wrote about how gold, bitcoin, and other cryptos are better than the USD. He urges that cryptocurrencies are a better hedge against an impending collapse of the financial market.
“In my new book… I talk about the three types of money today: God’s money, which is gold and silver, government’s money which is a fiat currency, which is done by government decree which is the dollar… Then there’s the people’s money, which is cyber currency on the blockchain technology. Gold is a hedge and I am expecting a collapse of the system…[and] which is why you are into cyber-currencies now… bitcoin and ethereum.” Robert Kiyosaki mentioned while talking about his new book.
To continued expressing a series of financial opinions directly contradicting with the conventional financial systems. He referred to people who hoard fiat currency as losers, he further called for the return of the gold standard to the dollar. The gold standards were removed from the dollar in 1971 by president Richard Nixon.
Unconventional Financial Opinions
Meanwhile, the conventional financial system has proven its worth for thousands of years, the success of bitcoin also proves that another financial system can still be developed. Kiyosaki has given several such opinions. In an interview, he stated that another big financial crash is coming after that of 2000 and 2008.
Several other prominent public figures have given similar opinions regarding the fate of fiat currency to bitcoin and other cryptocurrencies. Apple co-founder Steve Wozniak says that bitcoin is superior to USD, which he termed phony.
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