Robert Kiyosaki Touts BTC As Ultimate Defense Against Hyperinflation: 'Bitcoin Is People's Money'
Portfolio Pulse from Mehab Qureshi
Robert Kiyosaki, author of 'Rich Dad Poor Dad', has endorsed Bitcoin (BTC) as the best protection against potential hyperinflation, referring to it as 'People's money'. He suggests that Bitcoin's decentralized nature gives control to the people, unlike traditional currencies controlled by leaders. Kiyosaki has previously shown support for gold, silver, and Bitcoin, even predicting a Bitcoin price of $100,000. His views contrast with his past skepticism about Bitcoin and the U.S. Dollar, especially in light of Citibank's blockchain technology for cross-border transactions.
November 21, 2023 | 7:08 am
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POSITIVE IMPACT
Robert Kiyosaki's endorsement of Bitcoin as a hedge against hyperinflation and his reference to it as 'People's money' could positively influence investor sentiment towards Bitcoin in the short term.
Kiyosaki's influence as a well-known financial author could sway public opinion and investor sentiment, potentially leading to increased demand for Bitcoin. His positive statements, especially when contrasted with his previous skepticism, may be seen as a strong endorsement, which could drive short-term interest and investment in Bitcoin.
CONFIDENCE 80
IMPORTANCE 75
RELEVANCE 100