The author of the "Rich Dad, Poor Dad" bestseller, Robert Kiyosaki, spoke in favor of virtual currencies during a recent podcast. Kiyosaki described the US dollar (USD) as including a "scam" and predicted that precious metals and cryptocurrencies will outweigh the fiat currencies
Read also: Many Swiss bankers and financial regulators have resigned for join the cryptographic space
Mr. Kiyosaki predicts "Bigger collapse in the history of the world"
The author of the best-selling personal finance book "Rich Dad, Poor Dad", Robert Kiyosaki, is predicting that the traditional financial system it is heading towards a crisis of unprecedented size and size.
Speaking with News.com.au Kiyosaki recently said: "Unfortunately we had a big crash in 2000, they called it the dotcom crash, then in 2008 it was the subprime real estate crash. next will be the greatest of all, when it comes, I do not know, but the foreshock are ringing right now. "
Fiat's money is" false "money
Mr. Kiyosaki criticized fiat money by saying, "There are so many fake money." In 1971 Nixon took the dollar off the gold standard and the US dollar became counterfeit money. "
Mr. Kiyosaki added that "The problem has also become invisible, so that they could print as much as they wanted, which is why the savers were wiped out."
"For the average person," says Kikyosaki, the easiest way to protect yourself from imminent crisis is "buy only Australian or Australian silver coins from the Perth mint". When the dollar falls, gold rises. "
Cryptocurrencies will surpass the currencies Fiat
In an" interview with Sane Crypto Podcast Mr. Kiyosaki has recently praised cryptocurrencies, expressing its expectation that virtual currencies
During the podcast , Kiyosaki describes three forms of money: "government money […] which is legal tender", "God's money, which is gold and silver, [which] to be here after the cockroaches are extinguished," and the money of the people, which is the currency [virtual]. "
"I think the dollar is toast because gold, silver and cybernetic currency will take it out […] The US dollar is a scam," Kiyosaki said, adding, "I think we're looking at the end of the dollar."
What is your reaction to Mr. Kiyosaki's predictions? Share your thoughts in the comments section below
Images courtesy of Shutterstock
Numerous free services are available on Bitcoin.com. For example, did you see our page Tools ? You can also look up the exchange rate of a transaction in the past. Or calculate the value of your current holdings. Or create a paper wallet. And so on.