In a recent episode of the popular podcast “The Rich Dad Channel” Robert Kiyosakithe author of the renowned book “Rich Dad, Poor Dad”, he particularly advocated investing in cryptocurrencies Ether and Bitcoin. A financial expert shed airy on the sinking value of the US dollar (USD), highlighting the potential onset of a crisis market crash.
Ethereum is intended to serve as a hedge against currency depreciation
During the podcast I talk with Andy Schectman, CEO and owner of Miles Franklin, precious metals, Kiyosaki discussed the importance of investing and saving in digital currencies, which suggests that cryptocurrencies can be: possible risk protection related to fiat currencies, in particular the US dollar.
The financial expert, who has long been a supporter of digital currencies, has consistently encouraged investors to allocate funds to crypto assets for the purpose of protect your wealth against inflation and other economic conditions.
While acknowledging his narrow knowledge of Bitcoin, the world’s largest cryptocurrency, Kiyosaki also expressed his support for Ether, as well as other precious metals like gold and silver, during his podcast. He conveyed his belief that the sinking value of the US dollar would continue to deteriorate over time as the debt crisis is deepening.
Additionally, Kiyosaki revealed that he avoids saving funds in fiat currency, emphasizing that “savers were losers.” Additionally, he revealed that he had started it Bitcoin saving about 10 years ago and recently expanded to Ethereum.
The financial expert again expressed his skepticism about the matter credibility of the US dollarlabeling it “fake” and recommending that the broader financial community do so diversify assets into material resources such as gold and silver, as well as digital currencies such as Ethereum and Bitcoin.
Moreover, Kiyosaki emphasized that the crypto community had no such need debate relative value Bitcoin instead of gold or silver. He emphasized that the key issue is diversification into a valuable asset that will not lose value like the US dollar.
“Don’t save money, fake money (US dollar, euro, yen, peso) depreciates. Save gold, silver, Bitcoin, real money, which increases in value, especially in the event of a market crash” – Kiyosaki he stated in post X (formerly on Twitter).
Kiyosaki is losing faith in the US dollar
In the podcast, Kiyosaki said he had lost faith in the US dollar, citing market weakness and crippling trillions of dollars in debt. Financial author revealed in X’s post in tardy April that the US economy is currently in a depression.
He revealed that the economy has recorded tender growth in recent years, with growth rates of just 3.4% and 1.6% in the fourth quarter of 2023 and the first quarter of 2024, respectively. Kiyosaki also warned that a broader market crash had begunemphasizing that “crashes are the best time to get rich” and urging investors to seize the opportunity to invest when prices bottom.
ETH price makes its way above $3,000 | Source: ETHUSD on Tradingview.com
Featured image from Inside Bitcoins, chart from Tradingview.com
