Bitcoin has recruited another influential bull in the form of Robert Kiyosaki — author of the famous financial self-help book Rich Dad, Poor Dad. Kiyosaki has declared Bitcoin and cryptocurrencies in general as the “currencies of the people” and has gone even one abrasive step further by referring to the US dollar as a scam.
According to the famous author, cryptos will outlive fiat currency, of which “the dollar is toast”.
Currencies Of The People
Kiyosaki’s strong opinion was aired on a Sane Crypto Podcast hosted by Kim Hughes. He also took the time to not only bash the dollar but to predict an entire stock market crash in its demise.
According to Kiyosaki:
“The US Dollar is a scam…I think the dollar is toast because gold and silver and cybercurrency 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 cybercurrency.”
Fake: Fake Money, Fake Teachers, Fake Assets
The author’s new book, Fake: Fake Money, Fake Teachers, Fake Assets, describes three types of money today: gold and silver which he names as God’s money, Fiat currency which he calls the Government’s money, and then “cybercurrency on the blockchain technology” which he dubs “the people’s money.”
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Predictions
Kiyosaki has stated before that the next market crash will be “the biggest of all” and it’s on the way following the 2000 and 2008 crashes.
He is not alone in his opinion. Other prominent figures sharing similar opinions about fiat currency verses cryptocurrency include Brian Kelly, and Apple co-founder Steve Wozniak, who expressed that Bitcoin is superior to the US dollar.
Bitcoin Today
And maybe such predictions should be lauded. After an unsteady week where the coin dropped over $2100 dollars, Bitcoin is on a rise again today and is currently up 2.24%. Can it keep its climb going this time?
Featured Image: Google Images/GSI Exchange
