Robert Kiyosaki, the well-known creator of the best-selling e-book Wealthy Dad Poor Dad, continues to be bullish on bitcoin regardless of the failure of cryptocurrency alternate FTX. He emphasised that the actions of former FTX CEO Sam Bankman-Fried can’t be attributed to cryptocurrency.

Robert Kiyosaki Stays Constructive About Bitcoin

Robert Kiyosaki, the creator of Wealthy Dad Poor Dad, spoke with Mark Moss as a visitor on the Wealthy Dad Radio Present earlier this week concerning the FTX collapse and bitcoin.

Kiyosaki and Sharon Lechter co-authored the 1997 e-book Wealthy Dad Poor Dad. It has spent greater than six years as a greatest vendor within the New York Instances. The e-book has bought greater than 32 million copies worldwide in additional than 51 completely different languages. Radio host Moss additionally wrote “Uncommunist Manifesto.”

After listening to Moss describe the problems with FTX and the quite a few frauds that its alleged former CEO Sam Bankman-Fried (SBF) dedicated, Kiyosaki insisted: “I’m nonetheless bullish on bitcoin.” Sam Bankman-Fried shouldn’t be the identical as Bitcoin. The problem is with FTX slightly than bitcoin.

In the identical manner that one can not blame silver if silver exchange-traded funds (ETFs) are poorly managed, Kiyosaki stated that bitcoin can’t be held accountable for the demise of FTX and Bankman-Fried. He admitted that regardless of having substantial holdings in each silver and gold, he doesn’t personal any ETFs for both metallic.

One of many largest historic scams, based on the well-known creator, was FTX. Moreover, he stated that “FTX is a Ponzi scheme the place they trusted the funds from the following silly traders to finance it.” Regardless of the FTX debacle and the next sell-offs within the cryptocurrency market, Kiyosaki reaffirmed: “Women and gents, I’m nonetheless in favor of bitcoin.” I disagree with these in my age group who’re towards it as a result of I consider bitcoin to be dependable.

The American financial system has additionally prompted Kiyosaki to problem warnings. He tweeted on Friday that the worldwide financial system shouldn’t be a “market.” The financial system, in my view, is the most important bubble in human historical past.

The well-known creator has repeatedly issued warnings that the true property, bond, and inventory markets are all in a state of collapse. He has urged traders to buy cryptocurrencies immediately to keep away from the most important market crash in recorded historical past.

Just like what Kiyosaki stated final week, the collapse of FTX isn’t attributable to bitcoin. He dubbed Bankman-Fried the crypto equal of Bernie Madoff. He additionally just 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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