• Rich Dad, Poor Dad author Robert Kiyosaki loves Bitcoin for its decentralized nature and people’s support.
• He noted that Bitcoin withstood the test of time, even going from $20K to below $4K and back up to $6K.
• Kiyosaki believes that understanding the potential of Bitcoin is essential for financial education.
Rich Dad, Poor Dad Author Explains Why He Loves Bitcoin
Robert Kiyosaki, an American investor, businessman, motivational speaker, and author of the bestselling book “Rich Dad, Poor Dad” recently expressed his admiration for Bitcoin (BTC) and lauded its ability to withstand the test of time. In a Friday tweet, he said he watched BTC climb to $20,000 and then dropped below $4,000 several years ago.
Why Does Kiyosaki Love Bitcoin?
Kiyosaki disclosed that he loves Bitcoin because it is the people’s money and is neither controlled by the Fed nor the government. The success of Bitcoin can be attributed to its decentralized nature as it is driven by people rather than needing Federal Reserve Board or US government support. As a strong advocate for financial education, Kiyosaki emphasized the importance of understanding the potential of Bitcoin and its role in the future of finance.
Bitcoin’s Test Of Time
He noted that he purchased more when it climbed back up to $6,000 after dropping down to zero due to its resilience over time – without needing bailouts from either federal or governmental entities. He also predicted that BTC will continue rising in value up to $100k in his tweet.
The Benefits Of Decentralization
The decentralized nature of cryptocurrency allows users to bypass traditional banking institutions without having their wealth locked away in one place or subjecting themselves to inflationary pressures from central banks printing currency out of thin air. This kind of digital asset can offer users control over their own finances while providing them with better security and privacy than traditional banking systems allow for.
Ultimately Robert Kiyosaki advocates for financial education on understanding cryptocurrency’s potential role in our future economy which can go beyond just being seen as an investment vehicle but also a way for people all around the world gain access to financial services which were traditionally inaccessible before digital currencies came into existence like bitcoin did all those years ago!