Rich Dad writer Poor Dad says “exciting” Bitcoin will take on the Fed

Robert Kiyosaki, bestselling author of the popular book on financial literacy, Rich Dad Poor Dad, has again shared his thoughts on Bitcoin and the potential role of digital currency in the global financial system.

Speak to interview Released by Bloomberg on October 21, Kiyosaki reiterated its familiar stance on investing in traditional assets such as gold, real estate and oil.

However, he also had time to grapple with his thoughts on new asset classes such as Bitcoin and cryptocurrencies. Regarding Bitcoin specifically, Kiyosaki said:

I think it’s so interesting. You take on the Fed, one of the most powerful banks of all time. And they invade their territory. It’s like taking over McDonald’s. So I think they will step on them. I think it’s a very exciting time.

It is also noteworthy that the seasoned investor may have hinted that he is not personally invested in cryptocurrencies.

“Personally, I am a Technosaurus Rex. I can hardly use a cell phone. So my best bet is to stay away from cryptocurrencies, ”he said before telling young people what many would like to see as investment advice.

If you are a young person and you are into crypto this might be your place. The same applies here: “Just do what you love”. I love business, I love gold […] I love using debt for money – because the dollar went into debt in 1971 – and I love not paying taxes legally.

the famous author (Rich Dad Poor Dad Review) concluded on the matter.

Meanwhile, Kiyosaki isn’t the only notable investor to have admitted being bullish about Bitcoin’s outlook lately.

Earlier this week, Coinfomania reported that billionaire investor and PayPal co-founder Peter Thiel invested in Layer1, a San Francisco-based bitcoin mining company.

Robert Kiyosaki Image via the Richdad website.

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