Bitrabo Editorial
Famous author of “Rich Dad Poor Dad” Robert Kiyosaki recently spoke on ‘The Rich Dad Channel’ podcast, advocating for cryptocurrency investments, particularly Ethereum and Bitcoin. He highlighted the decreasing value of the US Dollar and warned of a potential market crash.
Ethereum as a Hedge Against Currency Depreciation
During the podcast with Andy Schectman, Kiyosaki emphasized the importance of investing in digital currencies as a hedge against fiat currency risks, especially the US Dollar. He has consistently advised investors to diversify into cryptocurrencies to protect against inflation and economic uncertainties.
Kiyosaki expressed his support for Ethereum and other assets like gold and silver, predicting a further decline in the US Dollar’s value due to the worsening debt crisis.
He discouraged saving funds in fiat currency, stating that saving in assets like gold, silver, Bitcoin, and Ethereum is more beneficial in the long run. Kiyosaki encouraged diversification into tangible resources and digital currencies for a more secure financial future.
The financial expert urged the crypto community not to debate the value of Bitcoin compared to gold or silver but to focus on investing in assets that retain value, unlike the depreciating US Dollar.
Kiyosaki’s Lack of Faith in the US Dollar
Kiyosaki revealed his loss of faith in the US Dollar during the podcast, citing market vulnerabilities and soaring debts amounting to trillions of dollars. He noted the sluggish economic growth and declared a market crash, advising investors to capitalize on the opportunity by investing when prices hit rock bottom.