Robert Kiyosaki Backs Bitcoin, Warns of U.S Feds Impact on Economy
- Kiyosaki has reiterated his view that BTC is a safer investment than trust placed in the Fed.
- The author has been advocating Bitcoin, gold and silver adoption for quite some time now.
The renowned financial educator and prominent author of Rich Dad Poor Dad Robert Kiyosaki has spoken out against the Federal Reserve of the U.S and yet again advocated for other potential investments including Bitcoin, gold, and silver.
Because of his belief that the practices of the United States central bank hurt the economy and make wealth disparity worse, the author has been outspoken in his criticism of these policies.
Safer Investment Option
In his most recent posts, Kiyosaki has reiterated his view that Bitcoin is a safer investment than trust placed in the Federal Reserve. Concerned about the effects of the Federal Reserve on the American economy, he voiced his disapproval on February 17th, saying that the central banks policies have hurt middle-class and low-income families financial security while helping rich banks.
Instead of worrying about the Federal Reserve, the author says his followers should look at Bitcoin as a safer investment option. This perspective is in line with the larger narrative among Bitcoin advocates, who see the cryptocurrency as digital gold, a name that conveys its perceived worth as a stable asset during economic uncertainty.
Banks are moving their money away from U.S. Treasuries and into gold, according to Kiyosakis forecasts, which might lead to a decline in gold prices to below $1,200 in the future. Kiyosaki has been advocating Bitcoin, gold and silver adoption for quite some time now. The rise of Bitcoin in the financial markets is expected to be further accelerated by this change.
Highlighted Crypto News Today:
FTX Creditors Sue Bankruptcy Law Firm S&C Over Fraud Allegations
Read more: https://thenewscrypto.com/robert-kiyosaki-backs-bitcoin-warns-of-u-s-feds-impact-on-economy/
Text source: TheNewsCrypto – Blockchain & Cryptocurrency News M
