Bitcoin Will Replace Fake Money Says, Robert Kiyosaki
Bitcoin, the world’s top cryptocurrency is ruling the digital currency world. It is going through huge price dips nowadays. There has been a huge argument about the price growth between bullish and bearish. Unfortunately, the price is often falling after it reached the all-time high in December 2017.
Robert Kiyosaki, who is the author of the top-selling finance book named “Rich Dad, Poor Dad” has described his thoughts about US dollar and the fact that there’s nothing to back it up. He also claimed that digital currencies would replace it eventually.
Robert Kiyosaki shared his interests towards the current state of the US economy and its currency, dollar, which is not supported by gold since President Nixon conclusively took it off the gold standard in 1971.
The author turned the US dollar into “fake money” saying:
“I’ve always been a gold bug. My latest book coming out is called Fake. There’s so much fake money. In 1971 Nixon took the dollar off the gold standard, and the US dollar became fake money.”
According to him, the continuous printing of currency is inflating a large bubble which will crash the large economy.
“Unfortunately we had a big crash in 2000, they called it the dotcom crash, then in 2008 it was the subprime real estate crash. The next is going to be the biggest of all.”
He did not reveal the precise reason for his words, and he included that Cryptocurrency News will ultimately replace gold, and silver, and many more.
He continued saying:
“I think the dollar is toast because Gold and Silver and cyber currency are going to take it out. The US dollar is a scam. I think we’re watching the end of the dollar. That’s what I’m saying.”