Author of 'Rich Dad, Poor Father:' Bitcoin Can Prevent US Dollar from Destroying World Economy '

The author of

Robert Kiyosaki wants you to hoard Bitcoin (BTC) and Gold (XAU) amidst a "devastating" US dollar.

Renowned author of "Rich Dad, Poor Dad" Robert Kiyosaki has doubled his support for the world's No. 1 cryptocurrency in his latest tweet on April 2.

"IN DEBT. The dollar in 1971 became a DEBT. DEBT make the rich richer and the poor poorer. If US debt to GDP accounts for 60% of the world. Today US debt to GDP has reached 110% and is continuing to increase. US bankruptcy. Debt, dollars, greed destroy life and the world economy VERY HAPPY. Stock up on gold, silver and Bitcoin. ”

Kiyosaki advises people to hoard Bitcoin along with precious metals to combat the hegemony of the US dollar.

The dollar is ruining life

The author of 'Rich Dad, Poor Dad' argued that the dollar was turned into debt in 1971 - the year former US President Richard Nixon completely abandoned the Gold Standard. Kiyosaki warned his followers that the US was basically bankrupt and the greenback was continuing to destroy the world economy.

The Federal Reserve recently released unprecedented monetary stimulus, including lowering interest rates to near zero and unlimited quantitative easing, to cope with the COVID crisis. -19. The move has been criticized by many experts in various fields, including prominent figures in the cryptocurrency space, such as Mike Novogratz.

Bitcoin and Gold

Recently, Kiyosaki called Bitcoin "people's money" and gold was "God's money" while claiming the money issued by the Fed was "fake dollars".

Although he thinks that both assets can coexist, there is constant debate between their supporters.

For example, Peter Schiff - CEO of Euro Pacific Capital, famous as one of the most demanding critics of the US dollar, has been regularly predicting the fall of BTC since 2011, as it has gold replacers.

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According to U.Today
Translated by ToiYeuBitcoin

About My name is Nguyen Manh Cuong. I was born in a poor village in Ba Vi district, HA NOI province - windy and sunny land. Currently. Mr Cuong.
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