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Robert Kiyosaki Suggests Bitcoin Could Be a Ponzi Scheme, But Maintains Optimistic View

Fast Take
  • Robert Kiyosaki defends optimism with Bitcoin based on Metcalf's Law.
  • Bitcoin seen as a valuable asset amid criticism of US economic management.
  • “Halving” event could further boost the value of Bitcoin.
Will Bitcoin continue to rise in 2023? Robert Kiyosaki explains his bet
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Robert Kiyosaki, the mind behind the influential book “Rich Dad, Poor Dad,” recently shared his optimistic outlook on the future of Bitcoin, despite admitting that the cryptocurrency presents inherent risks, similar to those of a Ponzi scheme.

Through a series of posts on platform networks, to justify their position.

Kiyosaki did not hesitate to express his disdain for the economic management of the United States, openly criticizing the incompetence and corruption of its financial leaders. He pointed to rising public debt, a bloated bond market, and an overvalued stock market as indicators of the moral and economic bankruptcy ahead. In contrast, their faith in Bitcoin and its robust network appears unshakable.

The importance of his statements can be anchored in Kiyosaki's recent activity in the Bitcoin market, where he announced the acquisition of 10 more bitcoins in anticipation of April's “halving” event, a critical moment that promises to halve the reward per block mined, potentially further valuing the digital currency. This optimism is shared despite acknowledging the similarities between Bitcoin and fiat currencies that it describes as “fake,” including the US dollar, euro and yen.

Furthermore, Kiyosaki predicted a future where Bitcoin could reach a value of $300.000 by 2024, an audacious projection that underlines his confidence in the cryptocurrency. He advocates for a diversified portfolio that includes “real currencies” of gold, silver and Bitcoin, rather than relying on “fake fiat dollars,” a position that echoes his broader critique of the current financial system.

Read also   Chinese Government Launches Investigation into Country's Top Crypto Defender

At the time of publication, the BTC price it was quoted at US$70.674,99 with an increase of 4% in the last 24 hours.

Disclaimer: The views and opinions expressed by the author, or anyone mentioned in this article, are for informational purposes only and do not constitute financial, investment or other advice. Investing or trading cryptocurrencies carries a risk of financial loss.
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