Cryptocurrencies: Robert Kiyosaki's Bold Prediction for the Future of Money
Date: 2023-09-18 Author: Dima Zakharov Categories: BUSINESS, IN WORLD
Renowned author of the personal finance bestseller "Rich Dad Poor Dad," Robert Kiyosaki, has entered the debate on the future of money. Kiyosaki concurs that traditional paper currency has no future, emphasizing that cryptocurrencies are the way forward.
At the same time, a massive cryptocurrency conference is taking place in Singapore. This raises an intriguing question: Are cryptocurrencies indeed the future, and is fiat currency simply counterfeit money?
Kiyosaki's Crypto Stance
Previously, Kiyosaki revealed his ownership of Bitcoins (BTC), which he views as a means of savings and protection against inflation stemming from ill-conceived government monetary policies.
"I own 60 BTC. I bought them at $6,000 each... and the reason I bought them wasn't because I'm a cryptography expert. I'm a trader... and when Bitcoin first reached its peak of around $20,000 and then dropped back to $100, I thought, 'Oh, it's gone.' But when it hit $6,000, I thought, 'Okay, it's here to stay.'"
Kiyosaki predicts that the price of Bitcoin could soar to $120,000 next year, with the 2024 halving event serving as a key catalyst.
He believes that the US dollar will further depreciate due to the injection of trillions of dollars into the economy, leading to rampant inflation.
According to Kiyosaki, the US economy teeters on the brink of a serious crisis, and cryptocurrencies, especially Bitcoin, offer investors a safe harbor in these turbulent times.
