RATE Group | Rich Dad Poor Dad Bullish on Bitcoin, Calls Fiat ‘Scam’
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Rich Dad Poor Dad Bullish on Bitcoin, Calls Fiat ‘Scam’

12 Aug Rich Dad Poor Dad Bullish on Bitcoin, Calls Fiat ‘Scam’

Posted at 20:55h in Bitcoin News by

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Bitcoin (BTC)–Despite the sinking valuation of the cryptomarkets, Bitcoin continues to find advocates from various sectors of society. Robert Kiyosaki, author of the best selling financial advice book Rich Dad, Poor Dad, came out in a recent podcast with strong support for Bitcoin and cryptocurrency, in addition to describing the US-backed dollar as a “scam” and saying that fiat would fail to outlast crypto and a re-emergence of precious metals.

Echoing other sentiments like Peter Schiff, Mr. Kiyosaki stated that he believes the U.S. economy and mainstream financial system predicated on Wall Street is heading towards an immense collapse, one that will eclipse 2008 in terms of financial loss and damage to investors,

“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. When it’s coming I don’t really know, but the foreshocks are sounding right…

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