The author of the bestseller “Rich Dad Poor Dad,” Robert Kiyosaki, has cited his point of belief regarding the cryptocurrency chief, Bitcoin. In an interview with Bloomberg, Kiyosaki mentioned his take on investing in assets such as gold, oil, and real estate.
When asked about his perspective on the latest class assets, particularly bitcoin, he gave a curvy reply, stating, “I think it’s so interesting. They’re taking on the FED, one of the most powerful banks ever created. And they’re messing into their territory. That’s like me taking on McDonald’s. So I think they’re gonna step on them. I think it’s a very exciting time.”
Although the writer’s viewpoint as an investor was determined from an individual attitude, yet he broadly urged investors to serve their personal instincts. He said, “Personally, I’m a technosaurus rex. I can barely use a cellphone. So I’d best stay out of cryptocurrencies. So if you’re a young person and you like crypto, it might be your place. Again, everything is ‘just do what you love.’ I love businesses, I love gold, I love using debt as money because in 1971, the dollar became debt, and I love paying no taxes legally.”
Kiyosaki, the critic of corporate debt-driven finance, he promotes an opportunistic and deft passageway to the systemic volatility it creates. He told Bloomberg his prediction that the next downturn will be initiated by a crisis in the pensions sector between 2022 and 2025.
Robert Kiyosaki’s book sold 32 million copies in forty different nations, and the author’s net worth revolves around $80 million.