‘Rich Dad Poor Dad’ Author: Cryptocurrency is the ‘People’s Money’
Robert Kiyosaki is no stranger to the world of finance. The author, businessman, and motivational speaker is widely known for his “Rich Dad Poor Dad” book that sold over 32 million copies. A big proponent of investing in real estate, the Vietnam veteran (and former Marine helicopter gunship pilot) is also a fan of cryptocurrency.
Kiyosaki, unlike many of his financial peers, is a big fan of cryptocurrency. He says that there are three kinds of money today: God’s money, government money, and the people’s money.
God’s money is gold and silver. He says that both will still exist even when cockroaches go extinct. As such, they are essentially eternal.
Government money is fiat currency, such as the dollar and euro. Then there’ the “people’s money,” which is cryptocurrency.
He goes on to say that government money is in danger, saying:
"I think the dollar is toast because Gold and Silver and cyber currency are going to take it out … The US dollar is a scam. I think we’re watching the end of the dollar. That’s what I’m saying."
It’s refreshing to see a notable name in the financial self-help world be bullish on cryptocurrency. Kiyosaki has long been a proponent of people increasing their financial IQ, which dovetails nicely with the cryptocurrency marketplace.
Younger people are educating themselves on the economic opportunities and freedom created by Bitcoin and other virtual currencies, and they’re much more willing to invest in them than older generations stuck in their ways. Multiple high schools and colleges are now teaching students about cryptocurrency and blockchain technology.
Source: https://www.livebitcoinnews.com
Are you surprised by Robert Kiyosaki’s view on cryptocurrency?