Robert Kiyosaki: Bitcoin Could Fall to Zero

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Robert Kiyosaki, bestselling author of “Rich Dad Poor Dad” and entrepreneur, warned about the potential collapse of the first cryptocurrency, suggesting it could turn out to be a scam and ultimately plummet to zero.

However, he argued that Bitcoin is no more a scam than traditional fiat currencies like the US dollar, euro, or yen, which he labeled as “fake.” Kiyosaki expressed concerns about the US government’s handling of debt and financial markets, criticizing political and financial leaders for their perceived incompetence or corruption.

He highlighted the unsustainable practice of printing $1 trillion every 90 days to cover expenses, advocating for a change in leadership and emphasizing the importance of financial education.

Kiyosaki advised against holding onto fiat currencies, instead recommending investments in gold, silver, or bitcoin, noting that he follows this advice himself.