American entrepreneur Robert Kiyosaki Robert Kiyosaki called himself a Bitcoin enthusiast, bullish. Kiyosaki is confident that Bitcoin is the ideal asset, and he regrets that he did not buy more coins sooner.
“It is entirely possible that Bitcoin is a scam or some kind of Ponzi scheme. However, the US dollar, euro, yen or any other fiat currency could just as easily be considered a scam. Paper money is the giant Ponzi scheme. The US dollar is an IOU from America,” Kiyosaki wrote in H.
US political, banking and financial leaders are incompetent and corrupt, according to an investment guru. They don't understand how to control the growing national debt, the US bond market and the inflated stock market. Kiyosaki said: America went broke, printing $1 trillion every 90 days just to pay its bills. Kiyosaki proposed dismissing the government, impeaching it, or putting it in prison. The entrepreneur also explained why he is optimistic about Bitcoin.
“Bitcoin is subject to Metcalfe's Law, the law of the power of networks. The power of Bitcoin, the US dollar, mobile networks and network marketing companies depends on the networking of people. This is why Metcalfe's Law is important. Most new altcoins are launched based on Ethereum. How many of them will be as good as Bitcoin, only time will tell. Most of them will die because they do not comply with Metcalfe's Law and cannot build a network,” Kiyosaki concluded.
Kiyosaki recently spoke about plans to buy ten more bitcoins before the April halving. The entrepreneur is confident that by September 2024 Bitcoin will be trading at $100,000.
Source: Bits
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