Bitcoin a scam? Rich Dad Poor Dad author says dollar worse

The author of “Rich Dad Poor Dad”, Robert Kiyosaki, issued another warning against investment in negotiated stocks (ETF) for bitcoin and precious metals.

He urged direct property as a protection against what he describes as a corrupt banking system.

In a recent post, Kiyosaki advised gold, silver or bitcoin (BTC) ETF, label them “Banks’ money”. He also underlined the distinctions between traditional financial instruments and direct property of assets in the midst of his forecasting forecasts for the financial system.

“Is Bitcoin a scam?” It may be…. But not a scam as large as the US dollar and the American banking system…. Starting with the Fed, “said Kiyosaki. He described the central bankers as “banksters” who receive government rebounds after losing billions, arguing that they should go to prison “instead.

Kiyosaki says Bitcoin is on sale

The author’s commentary occurs during a period of Bitcoin price volatility. On February 27, as cryptocurrencies decreased, Kiyosaki visualized The slowdown as an opportunity, declaring “Bitcoin crashes. Bitcoin is on sale. I buy. He attributed the underlying problems not to Bitcoin himself but to the monetary system and the American banking sector.

Kiyosaki spoke of the American financial situation, saying that the country faces bankruptcy with more than $ 230 billions of combined debt when it includes social programs and unsuccessful liabilities beyond the official national debt of 36 billions of dollars. He predicted that when the main holders like Japan and China stop buying American obligations, “inflation will go through the roof”, potentially causing an economic collapse and a devaluation of the dollar.

The financial author has always pleaded for tangible assets during economic uncertainty. In a separate tweet focusing on money, Kiyosaki suggested that metal is positioned for significant growth. He predicted an increase of $ 32 $ 72 to $ 70 in a year once gold hit $ 3,000.

Its point of view on the prices of assets shows its point of view on inflation and the devaluation of money: “The price of gold, money and bitcoin does not increase. Inflation leads to purchasing power … The value of their false money. »»