By Kevin Helms
The well-known writer of the best-selling ebook Wealthy Dad Poor Dad, Robert Kiyosaki, remains to be bullish on bitcoin regardless of the collapse of crypto alternate FTX. He confused that the cryptocurrency can’t be blamed for the actions of former FTX CEO Sam Bankman-Fried.
Robert Kiyosaki Nonetheless Bullish on Bitcoin
The writer of Wealthy Dad Poor Dad, Robert Kiyosaki, mentioned the FTX collapse and bitcoin with visitor Mark Moss on the Wealthy Dad Radio Present which aired earlier this week.
Wealthy Dad Poor Dad is a 1997 ebook co-authored by Kiyosaki and Sharon Lechter. It has been on the New York Instances Finest Vendor Checklist for over six years. Greater than 32 million copies of the ebook have been bought in over 51 languages throughout greater than 109 nations. Moss is a radio host and the writer of “Uncommunist Manifesto.”
After listening to Moss outlining the issues at FTX and quite a few fraudulent actions allegedly carried out by its former CEO Sam Bankman-Fried (SBF), Kiyosaki emphasised:
I’m nonetheless bullish on bitcoin … Bitcoin just isn’t the identical as Sam Bankman-Fried. It’s not bitcoin, it’s FTX that’s the issue.
Kiyosaki famous that bitcoin can’t be blamed for the autumn of FTX and Bankman-Fried in the identical method one can not blame silver if silver exchange-traded funds (ETFs) are mismanaged. He revealed that he owns plenty of silver and gold however doesn’t have any silver or gold ETFs.
The well-known writer referred to as FTX “one of many greatest scams in historical past.” He moreover described: “FTX is a Ponzi scheme the place they depended upon the funds from the subsequent silly buyers to finance it.” Regardless of the FTX fiasco and the next crypto market sell-offs, Kiyosaki reiterated:
As soon as once more, women and gents, I’m nonetheless in favor of bitcoin. I’m not in opposition to it as many individuals in my age group are as a result of I feel bitcoin is strong.
Kiyosaki has additionally been warning concerning the U.S. financial system. On Friday, he tweeted: “The world financial system just isn’t a ‘market.’ I consider [the] financial system is the largest bubble in world historical past.”
The famend writer has cautioned on a number of events that inventory, bond, and actual property markets are all crashing. He has urged buyers to purchase cryptocurrency now earlier than the largest crash in world historical past occurs.
Final week, Kiyosaki equally stated that bitcoin isn’t the issue within the meltdown of FTX. He referred to as Bankman-Fried the Bernie Madoff of crypto. He additionally lately clarified that he’s a bitcoin investor, not a dealer, and he will get excited when BTC hits a brand new backside.