Robert Kiyosaki, author of the book "Rich Father, Poor Father" once again, praises bitcoin - the number one cryptocurrency, in terms of market capitalization. Robert Kiyosaki: Forget real estate and gold In an interview with famed investor and bitcoin enthusiast Anthony Pompliano - who last week convinced comedian Bill Burr to buy his first BTC - Kiyosaki, explained to listeners that gold and real estate no longer have a powerful advantage in the United States, and that the future is investing in bitcoin. "Real estate and gold are being phased out... the bitcoin world is now in the eye of the beholder... I think it's important, especially for old guys like me, to understand the world of cryptocurrencies because that's the world that's in the eye of the beholder right now and us real estate and gold investors are slowly fading into the background." Robert Kiyosaki has been heavily promoting bitcoin since March, when the coronavirus first began to take over the global economy. Printing money by the American government, caused the investor, on his Twitter, wrote that the "death of the US dollar" is inevitable. He added for people to get involved in bitcoin if they do not want inflation to affect their financial lives. Moreover, he expressed his belief that the price of bitcoin will rise to $75,000 in the next three years. He stated: "Today, there is a battle between the old and the young. As an old guy, it took me a while to get into [bitcoin and crypto], but I'm investing in it now." BTC is part of the financial future Kyiosaki said in an interview, that he originally tried to buy bitcoin in late 2017, when it cost $20,000 a piece. He added that he failed to complete any transaction. According to the author of "Rich Father, Poor Father," the current economic conditions and the government's reaction to the proliferation of COVID-19, forced him to enter the cryptocurrency market. "Bitcoin and other cryptocurrencies are currently challenging the hegemony of the US dollar and other fiat currencies. In May 2020, a historic [halving] event reduced the daily supply of bitcoin from 1,800 bitcoin a day to 900 bitcoin a day, which is a kind of quantitative hardening, unlike what the Fed is doing by printing trillions of dollars. Central banks, in the simplest way, create money out of nothing. They create "fake money" and lend it to governments. On the other hand, bitcoin is completely decentralized, which means no one can manipulate the market and there is not a single point of failure... It will be interesting to see how long central banks will tolerate competition from electronic money before a collapse occurs." Tags bitcoin btc kiyosaki roberty kiyosaki
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