The well-known creator of the best-selling e-book Wealthy Dad Poor Dad, Robert Kiyosaki, remains to be bullish on bitcoin regardless of the collapse of crypto alternate FTX. He confused that the cryptocurrency can’t be blamed for the actions of former FTX CEO Sam Bankman-Fried.
Robert Kiyosaki Nonetheless Bullish on Bitcoin
The creator of Wealthy Dad Poor Dad, Robert Kiyosaki, mentioned the FTX collapse and bitcoin with visitor Mark Moss on the Wealthy Dad Radio Present which aired earlier this week.
Wealthy Dad Poor Dad is a 1997 e-book co-authored by Kiyosaki and Sharon Lechter. It has been on the New York Occasions Greatest Vendor Listing for over six years. Greater than 32 million copies of the e-book have been offered in over 51 languages throughout greater than 109 international locations. Moss is a radio host and the creator of “Uncommunist Manifesto.”
After listening to Moss outlining the issues at FTX and quite a few fraudulent actions allegedly carried out by its former CEO Sam Bankman-Fried (SBF), Kiyosaki emphasised:
I’m nonetheless bullish on bitcoin … Bitcoin will not be the identical as Sam Bankman-Fried. It’s not bitcoin, it’s FTX that’s the issue.
Kiyosaki famous that bitcoin can’t be blamed for the autumn of FTX and Bankman-Fried in the identical manner one can’t blame silver if silver exchange-traded funds (ETFs) are mismanaged. He revealed that he owns a whole lot of silver and gold however doesn’t have any silver or gold ETFs.
The well-known creator known as FTX “one of many greatest scams in historical past.” He moreover described: “FTX is a Ponzi scheme the place they depended upon the funds from the following silly buyers to finance it.” Regardless of the FTX fiasco and the next crypto market sell-offs, Kiyosaki reiterated:
As soon as once more, women and gents, I’m nonetheless in favor of bitcoin. I’m not in opposition to it as many individuals in my age group are as a result of I feel bitcoin is strong.
Kiyosaki has additionally been warning in regards to the U.S. economic system. On Friday, he tweeted: “The world economic system will not be a ‘market.’ I imagine [the] economic system is the largest bubble in world historical past.”
The famend creator has cautioned on a number of events that inventory, bond, and actual property markets are all crashing. He has urged buyers to buy cryptocurrency now earlier than the largest crash in world historical past occurs.
Final week, Kiyosaki equally mentioned that bitcoin isn’t the problem within the meltdown of FTX. He known as Bankman-Fried the Bernie Madoff of crypto. He additionally lately clarified that he’s a bitcoin investor, not a dealer, and he will get excited when BTC hits a brand new backside.
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