Robert Kiyosaki: I’m Still Bullish on Bitcoin — Crypto Cannot Be Blamed for FTX Collapse – Featured Bitcoin News

The well-known writer of the best-selling e-book Wealthy Dad Poor Dad, Robert Kiyosaki, continues to be bullish on bitcoin regardless of the collapse of crypto alternate FTX. He confused that the cryptocurrency can’t be blamed for the actions of former FTX CEO Sam Bankman-Fried.

Robert Kiyosaki Still Bullish on Bitcoin

The writer of Wealthy Dad Poor Dad, Robert Kiyosaki, mentioned the FTX collapse and bitcoin with visitor Mark Moss on the Wealthy Dad Radio Present which aired earlier this week.

Wealthy Dad Poor Dad is a 1997 e-book co-authored by Kiyosaki and Sharon Lechter. It has been on the New York Instances Best Vendor Record for over six years. Greater than 32 million copies of the e-book have been offered in over 51 languages throughout greater than 109 nations. Moss is a radio host and the writer of “Uncommunist Manifesto.”

After listening to Moss outlining the issues at FTX and quite a few fraudulent actions allegedly performed by its former CEO Sam Bankman-Fried (SBF), Kiyosaki emphasised:

I’m nonetheless bullish on bitcoin … Bitcoin shouldn’t be the identical as Sam Bankman-Fried. It’s not bitcoin, it’s FTX that’s the issue.

Kiyosaki famous that bitcoin can’t be blamed for the autumn of FTX and Bankman-Fried in the identical method one can not blame silver if silver exchange-traded funds (ETFs) are mismanaged. He revealed that he owns a variety of silver and gold however doesn’t have any silver or gold ETFs.

The well-known writer referred to as FTX “one of the biggest scams in history.” He moreover described: “FTX is a Ponzi scheme where they depended upon the funds from the next stupid investors to finance it.” Regardless of the FTX fiasco and the next crypto market sell-offs, Kiyosaki reiterated:

As soon as once more, women and gents, I’m nonetheless in favor of bitcoin. I’m not towards it as many individuals in my age group are as a result of I feel bitcoin is stable.

Kiyosaki has additionally been warning in regards to the U.S. economic system. On Friday, he tweeted: “The world economy is not a ‘market.’ I believe [the] economy is the biggest bubble in world history.”

The famend writer has cautioned on a number of events that inventory, bond, and actual property markets are all crashing. He has urged buyers to purchase cryptocurrency now earlier than the largest crash in world historical past occurs.

Final week, Kiyosaki equally mentioned that bitcoin isn’t the issue within the meltdown of FTX. He referred to as Bankman-Fried the Bernie Madoff of crypto. He additionally lately clarified that he’s a bitcoin investor, not a dealer, and he will get excited when BTC hits a brand new backside.

What do you concentrate on the feedback by Robert Kiyosaki? Tell us within the feedback part under.

Kevin Helms

A pupil of Austrian Economics, Kevin discovered Bitcoin in 2011 and has been an evangelist ever since. His pursuits lie in Bitcoin safety, open-source techniques, community results and the intersection between economics and cryptography.

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