global.gerbangindonesia.org – Book Author Robert Kiyosaki Calls Crypto Safer Than Fiat Money
Rich Dad Poor Dad author Robert Kiyosaki discussed Bitcoin, the Russo-Ukrainian war and the end of the US dollar in a series of tweets last Tuesday.
Rich Dad Poor Dad is a 1997 book co-written by Robert Kiyosaki and Sharon Lechter. The book has been on the New York Times Best Seller List for more than six years. More than 32 million copies of the book have been sold in more than 51 languages in more than 109 countries.
Kiyosaki Says Crypto is Safer Than Fiat Money
Kiyosaki said many Russians used Bitcoin as a savior after the Russian ruble collapsed.
“The Russia-Ukraine war gave rise to cryptocurrencies as a safer haven than fake government fiat money,” Kiyosaki wrote in a tweet, quoted from Bitcoin.com, Saturday (9/4/2022).
Earlier, Kiyosaki also tweeted on Monday that the Biden administration and the Federal Reserve “want inflation to pay off trillions of debt,”
“The best investment is probably stocking up on products you will always use like toilet paper, trash bags, canned food, frozen food, gold, silver, Bitcoin,” Kiyosaki tweeted.
Kiyosaki also warned that right now we are all in a big bubble.
“We are in the biggest bubble in world history and that the US government will seize all cryptocurrencies,” he said.
He predicts the government will regulate the crypto sector then launch a “crypto Fed.” In the end, Kiyosaki said all cryptocurrencies would be confiscated and put into government cryptocurrencies.
His predictions were heavily criticized on social media, with many people telling him not all cryptocurrencies could be confiscated. For example, decentralized cryptocurrencies, such as Bitcoin, cannot be confiscated in the network and governments will have a hard time catching up to self-managed cryptocurrencies.
Kiyosaki also discussed the end of the US dollar, he noted that the US hegemony ended and the US became less of a world power. As evidence, the author of Rich Dad Poor Dad references a story about Saudi Arabia considering accepting Chinese yuan instead of US dollars for Chinese oil sales.