The author of Rich Dad Poor Dad Robert Kiyosaki comments on the latest feud between Bitcoin and the FED in a Bloomberg interview.
Have you heard of the bestseller Rich Dad Poor Dad that took the world by storm?
Its author Robert Kiyosaki comments on the battle between Bitcoin and the FED in an interview with the news giant Bloomberg three days ago.
Robert Kiyosaki has always been involved in controversies, although his book has sold 32 million copies all over the world, there has always been room for scandal. One about his former financial education firm that bankrupted in 2012.
Kosayaki talked about his beliefs in investments in gold, oil or real estate – the so-called stable assets. When asked during the interview about his opinion on digital assets such as Bitcoin, he responded:
“I think it’s so interesting. they’re taking on the FED, one of the most powerful banks ever created. And they’re messing into their territory. That’s like me taking on McDonald’s. So, I think they’re gonna step on them. I think it’s a very exciting time.”
His perspective is somehow distant from the general opinion but he doesn’t oblige people to accept his opining whatsoever. He elaborated:
“Personally, I’m a technosaurus rex. I can barely use a cellphone. So I’d best stay out of Cryptocurrencies. So, if you’re a young person and you like Crypto, it might be your place. Again, everything is ‘just do what you love.’ I love businesses, I love gold […] I love using debt as money — because in 1971 the dollar became debt — and I love paying no taxes legally.”
Kiyosaki also predicted that the next financial downturn will start within the pensions sector somewhere between 2022 and 2025.
In an interview in April 2018, Kiyosaki shared more of his opinion on Cryptos by calling it “people’s money” and stated his strong beliefs that Cryptos, silver and gold will replace fiat currencies for good one day.
This week the former Bank of England governor Mervyn King stated her opinion that by pretending that the finance and banking system is safe, the world is spiraling into a financial crisis, probably worse than the one in 2008.