Rich Dad Poor Dad: “Bitcoin is Taking On The Fed, One of the Most Powerful Banks Ever Created”

Robert Kiyosaki, author of “Rich Dad Poor Dad,” while speaking with “Bloomberg Markets: Asia” said Bitcoin is messing into Fed’s territory.

“It's so interesting you know, I mean there's Bitcoin, they've taken on the Fed. I mean they're taking on one of the most powerful banks ever created and they're messing into their territory,”

said Kiyosaki.

When it comes to cryptocurrencies, these are “very exciting” times, he said. However, he himself stays out of cryptocurrencies because “I'm a Techosauros rex I can barely use a cell phone so I'd best stay out of cryptocurrencies.”

However, he advises if you a “young person” and really like crypto, “it might be your place.”

Kiyosaki has been a bitcoin proponent who about a year back said in an interview that the US dollar is fake money and will be replaced by cryptocurrency.

“I think the dollar is toast because Gold and Silver and cyber currency are going to take it out,” he added at that time.

Kiyosaki is not alone in such prediction, many commentators have shared similar thoughts. Even, Swiss multinational bank UBS in its 2018 report suggested that Bitcoin could overtake the US dollar when it reaches the value of $213,000.

Moreover, amidst the growing fear of recession in the market, Kiyosaki shared similar sentiments when he said, the high-risk investment from Wall Street is what's gonna bring down the next market crash in the coming years, somewhere between 2022 to 2025.

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