Robert Kiyosaki, the creator of the non-public finance traditional “Wealthy Dad, Poor Dad,” thinks Bitcoin is not any completely different from gold and silver — which means it is an asset to purchase and maintain for the long run in his ebook.
For Kiyosaki, shopping for all three and never promoting them a lot is the way in which to go, as a result of he sees Bitcoin as a strategy to retailer worth, not as one thing to commerce or speculate on for short-term positive aspects.
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The comment hyperlinks Bitcoin to the 2 metals Kiyosaki sees as essential for wealth preservation. For years, he has warned about fiat currencies’ declining reliability, pointing to inflation, rising debt and authorities mismanagement as causes to carry property outdoors the financial system.
Together with Bitcoin on this group exhibits he sees the cryptocurrency as a sturdy, credible asset with a job that extends properly past worth motion.
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This remark comes from Kiyosaki’s repeated criticism of educators and promoters who, as he places it, “speak their ebook” by masking gross sales techniques as monetary recommendation. Whereas he did make a distinction between advertising and training, his observe on Bitcoin actually stood out.
It would not have something to do with a product or a course, simply his private technique: accumulate and maintain.
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Mainly saying, Kiyosaki would not see Bitcoin as a strategy to make a fast buck by timing the market. Bitcoin for him is “individuals’s cash” put in the identical class as gold and silver, which he has at all times stated are hedge in opposition to the downsides of fiat cash and the long-term erosion of belief in paper foreign money.