Robert Kiyosaki, the well-known writer of the best-selling guide Wealthy Dad Poor Dad, continues to be bullish on bitcoin regardless of the failure of cryptocurrency trade FTX. He emphasised that the actions of former FTX CEO Sam Bankman-Fried can’t be attributed to cryptocurrency.
Robert Kiyosaki Stays Optimistic About Bitcoin
Robert Kiyosaki, the writer of Wealthy Dad Poor Dad, spoke with Mark Moss as a visitor on the Wealthy Dad Radio Present earlier this week in regards to the FTX collapse and bitcoin.
Kiyosaki and Sharon Lechter co-authored the 1997 guide Wealthy Dad Poor Dad. It has spent greater than six years as a finest vendor within the New York Occasions. The guide has offered greater than 32 million copies worldwide in additional than 51 completely different languages. Radio host Moss additionally wrote “Uncommunist Manifesto.”
After listening to Moss describe the problems with FTX and the quite a few frauds that its alleged former CEO Sam Bankman-Fried (SBF) dedicated, Kiyosaki insisted: “I’m nonetheless bullish on bitcoin.” Sam Bankman-Fried just isn’t the identical as Bitcoin. The problem is with FTX reasonably than bitcoin.
In the identical approach that one can’t blame silver if silver exchange-traded funds (ETFs) are poorly managed, Kiyosaki stated that bitcoin can’t be held accountable for the demise of FTX and Bankman-Fried. He admitted that regardless of having substantial holdings in each silver and gold, he doesn’t personal any ETFs for both steel.
One of many greatest historic scams, in line with the well-known writer, was FTX. Moreover, he stated that “FTX is a Ponzi scheme the place they relied on the funds from the subsequent silly buyers to finance it.” Regardless of the FTX debacle and the next sell-offs within the cryptocurrency market, Kiyosaki reaffirmed: “Women and gents, I’m nonetheless in favor of bitcoin.” I disagree with these in my age group who’re towards it as a result of I consider bitcoin to be dependable.
The American financial system has additionally prompted Kiyosaki to concern warnings. He tweeted on Friday that the worldwide financial system just isn’t a “market.” The financial system, in my view, is the largest bubble in human historical past.
The well-known writer has repeatedly issued warnings that the true property, bond, and inventory markets are all in a state of collapse. He has urged buyers to buy cryptocurrencies immediately to keep away from the largest market crash in recorded historical past.
Just like what Kiyosaki stated final week, the collapse of FTX isn’t attributable to bitcoin. He dubbed Bankman-Fried the crypto equal of Bernie Madoff. He additionally lately clarified that he’s a bitcoin investor, not a dealer, and he will get excited when BTC hits a brand new backside.
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