Renowned writer Robert Kiyosaki has been a vocal advocate of the prospects of Bitcoin, the first cryptocurrency. In a recent interview with iHeart radio host and author of Un-communist Manifesto, Mark Moss, Kiyosaki emphasized his faith in Bitcoin and stated that the collapse of FTX, a major cryptocurrency exchange, will not prevent its growth.
"I still believe in the rise of bitcoin. It is worth dividing silver and ETFs into silver. So here: Bitcoin does not need to be equated with Sam Bankman-Freed. This is not an industry issue, but FTX. I am confident in the fundamentals of Bitcoin, but I am not limited to this cryptocurrency. I have ethers, but in general I can be called a blockchain enthusiast,"the writer assured.
Kiyosaki's Views on Bitcoin
Kiyosaki believes that Bitcoin has a promising future and should not be identified with FTX, which is just one player in the cryptocurrency industry. He stressed that Bitcoin's fundamentals are strong, and it has the potential to be an excellent defense against falling global stock markets.
According to Kiyosaki, Bitcoin is not the same as silver or ETFs, and people should not be discouraged by its recent drop in value. He added that he himself has invested $6,000 in Bitcoin and continues to hold a supply of coins. Additionally, he has invested in other cryptocurrencies such as Ether, making him a blockchain enthusiast.
Why Bitcoin is Attractive to Investors
Despite the recent fall in Bitcoin's value, Kiyosaki believes that it makes it even more attractive to investors. The cryptocurrency market can be volatile, but Bitcoin has a unique feature that makes it an excellent choice for investors. Unlike fiat currencies, Bitcoin has a finite supply of 21 million coins, which means it cannot be easily manipulated by central authorities.
Bitcoin's decentralization and the absence of intermediaries make it more secure and transparent. This feature makes it a popular choice among people who value privacy and security in their financial transactions.
Robert Kiyosaki is a well-known writer and economist who has been a vocal advocate of Bitcoin's prospects. Despite the recent fall in Bitcoin's value and the collapse of FTX, Kiyosaki remains confident in the fundamentals of Bitcoin and believes that it has a promising future. Investors who value privacy and security in their financial transactions can take comfort in Kiyosaki's endorsement of Bitcoin.