Finance guru and author Robert Kiyosaki recently tweeted that he likes Bitcoin, the world’s largest cryptocurrency by market capitalization, not the popular meme coin Dogecoin (DOGE). The author of the bestselling book “Rich Dad Poor Dad” also said that he sees BTC as “the people’s money”. Kiyosaki is known for his strong belief in the power of hard money and the importance of gold. Here are the details…
For Kiyosaki, not DOGE, Bitcoin is “people’s money”
Over the past few years, Kiyosaki has frequently discussed the concept of “hard money”, gold and Bitcoin during book tours, media interviews and talks. “I love Bitcoin,” Kiyosaki tweeted recently. Kiyosaki isn’t the only finance guru to talk about BTC. As we reported on Kriptokoin.com, billionaire investor Mark Cuban recently said that he is ambivalent about Bitcoin, but is confident that stablecoins like USDT will increasingly be used for payments.
“Why will cash be trash in 2023?” the finance guru said on Wednesday’s Rich Dad Radio Show podcast. While discussing his topic, he also talked about Bitcoin. He tweeted about the need for “people’s money” and said people should learn about hard money. “We have to learn hard money,” Kiyosaki wrote on Twitter. “Gold and silver are money. Bitcoin is people’s money. Politicians can’t print it. It is not debt-based money,” he said.
According to Kiyosaki, silver, gold and BTC need to be bought
Kiyosaki firmly believes in the power of hard money and the importance of gold. He had previously said that gold will outperform BTC in the long run and that holding the precious metal is better than cryptocurrency. In an interview with CNBC in 2018, Kiyosaki said that he believes gold will outperform Bitcoin. The investor and author said:
I’m telling you that gold will go much higher than Bitcoin. I think Bitcoin is a bubble right now but gold is real money.
Kiyosaki has also said in the past that he believes the US dollar could become worthless. In an interview with RT, Kiyosaki said that investors should buy gold and silver as the US dollar could become worthless due to government debt. The Rich Dad Poor Dad author also warned that the US dollar could collapse in the future due to excessive government spending. “They have to print more and more money, so the dollar will collapse. That’s why I tell people if you want to protect yourself, buy gold and silver.” Kiyosaki strongly believes in the power of hard money and the importance of gold.
The comments of the US venture capitalist also drew attention
Another famous name drew attention with his positive comments on Bitcoin. Tim Draper, an American venture capitalist and cryptocurrency enthusiast, recently shared his views on how Sri Lanka can use Bitcoin to address cryptocurrency issues and corruption. In a recent interview with a local news outlet, Draper said that the cryptocurrency industry has been booming in recent years and the country should take advantage of it by adopting Bitcoin. He stated that the country could benefit from the use of Blockchain technology and cryptocurrency to fight corruption.
The billionaire met with Sri Lankan President Ranil Wickremesinghe last week to promote Bitcoin adoption, adding that he visited the Sri Lankan central bank the next day, Bloomberg reported. He believes that by accepting Bitcoin as a form of payment, the country can attract more businesses and entrepreneurs from around the world. This will ultimately help create more jobs and opportunities for Sri Lankan people.
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