World-renowned entrepreneur and author Robert Kiyosaki has revealed he is buying more Bitcoin because he doesn’t trust the US dollar, which he called ‘fake’. .
Kiyosaki, the best-selling author of Rich Dad and Poor Dad, issued a stern warning about the weaker dollar at a recent press conference. interview and kitoko news.
Citing aspects such as excessive printing, the American entrepreneur argued that the days of the US dollar as the world’s reserve currency were few and far between. Today, we face serious problems globally, and we are very concerned that the end of the American Empire is here.
By contrast, Kiyosaki said he believes in the enduring value of bitcoin and precious metals such as gold and silver. He said that even when Bitcoin crashed, it came back “with a roar”, proving that the flagship cryptocurrency is sustainable.
“When I saw Bitcoin hit $20,000, I don’t know when it was, but then it went down. The more you do it, the more you realize it has sustainability. The reason people buy bitcoin is the same reason I buy this [silver]so i will buy this [gold]i don’t trust this [dollar bills]”
Kiyosaki has long been a Bitcoin proponent, preferring major cryptocurrencies over other altcoins. Earlier this year, he revealed that he was acquiring more BTC, as BTC is classified as a commodity, just like gold and silver, while other altcoins are classified as securities.
The best-selling author also continues to make wild predictions about the price of Bitcoin.
Bitcoin Continues Rise Despite Regulatory Crackdown
Despite a series of aggressive regulatory actions by US authorities, the mainstream cryptocurrency has been trending upwards recently. Bitcoin has gained more than 14% in the past two weeks, according to data from CoinGecko.
Bryan Courchesne, founder and CEO of DAIM, a cryptocurrency and traditional equities asset manager, said the leading cryptocurrency was up more than 15% last week. While such moves are less common on TradFi, he said it is a “fairly common occurrence” in the crypto market.
“In fact, from 2017 to 2021, Bitcoin experienced at least five weeks like this each year, averaging more than six weeks,” he said in a comment, explaining how he generated these extraordinary returns in 2022. added that it was only for three weeks.
“So I would say that the recent rally that jumped from about $17,000 to $23,000 in January was lagging behind. History doesn’t necessarily repeat itself, but given the price and halving cycles, we can expect even bigger weeks ahead. It is not unreasonable to expect