Robert Kiyosaki, known for his best-seller "Rich Dad Poor Dad," has become a strong advocate of Bitcoin, despite joining the crypto scene later than many.
In a recent episode of his The Rich Dad Channel podcast with Bitcoin expert Anthony Pompliano, Kiyosaki shared why he believes Bitcoin could signal the downfall of fiat currencies like the U.S. dollar.
Kiyosaki expressed concerns about the current state of the economy, claiming that artificial intelligence could accelerate an ongoing crash, while criticizing U.S. leadership for their role in economic instability.
He pointed out that blockchain technology, especially Bitcoin, offers transparency that fiat systems lack, asserting that Bitcoin’s position as the top cryptocurrency remains unchallenged.
Kiyosaki emphasized Bitcoin’s scarcity, highlighting that its fixed supply of 21 million coins drives demand, drawing parallels to Metcalfe’s law, which values networks based on user participation.
Previously, the best-selling author urged his followers to buy Bitcoin when it dropped below $53,000, seeing it as an opportunity. Currently, Bitcoin is trading at $60,220, reflecting a small drop over the past week.
The cryptocurrency market is currently facing significant pressure amid global geopolitical conflicts, with Bitcoin barely holding the $60,000 support.
Bitcoin spot ETFs in the U.S. saw net outflows totaling $54.13 million on Thursday, marking three consecutive days of negative flows.
New data reveals that Bitcoin long-term holders (LTHs) have significantly increased their supply over the past month.
An upcoming HBO documentary, directed by Cullen Hoback, is set to explore one of the biggest mysteries in the digital world: the identity of Bitcoin’s creator, Satoshi Nakamoto.