„Currencies Of The People“ | Finance Author Kiyosaki Is Bullish On Crypto

currencies of the people

Bitcoin has recruited another influential bull in the form of Robert Kiyosaki—author of the famous financial self-help book Rich Dad, Poor Dad. Kiyosaki has declared Bitcoin and cryptocurrencies in general, as the “currencies of the people;” even going one abrasive step further by referring to the US dollar as a scam.

According to the famous author, cryptos will outlive fiat currency, of which “the dollar is toast.”

Currencies of the People

Kiyosaki’s strong opinion was aired on a Sane Crypto Podcast hosted by Kim Hughes. He also took the time not only bash the dollar but to predict an entire stock market crash in its demise.

According to Kiyosaki:

“The US Dollar is a scam…I think the dollar is toast because gold and silver and cybercurrency are going to take it out…The US Dollar is gone…In the year 2000 there was one currency, the US Dollar. It was called the reserve currency of the world…and then came bitcoin or cybercurrency.”

Fake: Fake Money, Fake Teachers, Fake Assets

The author’s new book, Fake: Fake Money, Fake Teachers, Fake Assets, describes three types of money today: gold and silver, which he names as God’s money; fiat currency, which he calls the Government’s money; and then “cybercurrency on the blockchain technology,” which he dubs “the people’s money.”

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Kiyosaki stated in previous interviews that the next market crash will be “the biggest of all,” and in his opinion, it’s on the way following the 2000 and 2008 crashes.

He is not alone. Other prominent figures sharing similar opinions about fiat currency verses cryptocurrency and the fate of the stock market include Brian Kelly and Apple co-founder Steve Wozniak. 

The latter also expressed that Bitcoin is superior to the US dollar.

Bitcoin Today

And maybe such predictions should be lauded. After an unsteady week where the coin did drop over $2100, Bitcoin is on a rise again and is today currently up 2.24%. Can it keep its climb going this time?

currencies of the people
Source: cryptocurrencynews.com

Featured Image: Google Images/GSI Exchange

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