Prominent Investor Robert Kiyosaki: Bitcoin, Cryptos Threat to Replace the Dollar Is Overlooked
Robert Kiyosaki, the founder of Rich Global LLC and the author of the renowned financial book, Rich Dad Poor Dad, has claimed that digital currencies have the potential to replace the current major reserve currency, the US Dollar.
Revolutionizing The Monetary System
In 2018, Kiyosaki had stated that there would be an economic crash which would lead to the dethroning of the dollar as a means of storing value.
The world’s financial turmoil and the rise of trade wars are pushing the global economy onto reforming the monetary system. The general public is yet to come to terms with such changes although most government organizations are against the idea of a government cryptocurrency.
On the other hand, the private sector is also working towards the implementation of its own market place in the crypto world. As a matter of fact, most crypto antagonists are already seeking endorsements from investors in regards to the industry.
Robert’s Tweet on Crypto
@Ta_Giggs recently shared a tweet that has sparked the interest of many and for the right reasons. According to the tweet, the American businessman, Robert Kiyosaki spoke about investing in cryptocurrency. He urged people to join the bandwagon and not be left out.
— Yamkela Kula (@Ta_Giggs) May 17, 2019
Attached to the tweet were some screenshots that really caught the crypto fans attention. These screenshots, which were a part of an email to an unknown recipient, put more emphasis on Kiyosaki’s view in regards to the rapid growth of cryptocurrency.
The email precisely indicated that ‘Crypto is the future.’ He also cautioned that “You can either get left behind or prepare to become MEGA wealthy.” The prominent investor went on further to explain that by eliminating the middleman, the world monetary system will minimize reliance on the bond market. Furthermore, he expounded on the ‘freedom’ feature of cryptocurrencies as well as disregarding dependence on NASDAQ and Wall Street exchanges. The email also talked about the upsurge of a new system of raising capital through ICOs.
In the detailed response to the unknown recipient, Kiyosaki concluded by asking the sender if they have noticed how several international banks are no longer sending digital US Dollars but are now making cryptocurrency transfers as an alternative. In his opinion, the investor added that although many people have not noticed, the Dollar is being replaced by crypto.
One prominent investor who does not share Kiyosaki’s school of thought about crypto is Warren Buffet. In 2018, ahead of the Berkshire Hathaway annual shareholder meeting, the billionaire investor stated that cryptocurrency is ‘delusional’ and ‘attracts charlatans’ and as such it has no unique value.
As regards the email that Kiyosaki was responding to, it is still uncertain as to who the addressee was or what the predominant intention behind the email was. The email screenshots are still making rounds on Twitter and garnering attention.
Nevertheless, Kiyosaki has not commented on the email screenshots that are circulating on social media or publicly stated his perspective with respect to cryptocurrencies. He also hasn’t confirmed its legitimacy.