Robert Kiyosaki Sees Bitcoin as the New “Good Money”
Robert Kiyosaki, author of the Rich Dad series, highlights two key economic principles that give Bitcoin (BTC) its Dollar Power: Gresham’s and Metcalfe’s.
Additionally, Kiyosaki predicts an upcoming stock market crash in February 2025, which could trigger a surge in Bitcoin’s value.
Robert Kiyosaki: The law that empowers Bitcoin
A principle of monetary economics, Gresham’s Law asserts: “When bad money enters a system, it is good at hiding it.” According to Kiyosaki, this concept has become associated with Precious metals such as gold and silver.
These “good payments” have been a long time coming What he calls “fake” dollars cover up. now he thinks Bitcoin joins gold and silver as modern “good money.”
“Today, gold, silver and Bitcoin are forcing fake dollars to hide,” kiyosaki publish.
The author’s views increasingly align with the sentiments of Bitcoin advocates Cryptocurrencies as a hedge against inflation and store of value. Before, Former Bitmex CEO Arthur Hayes also believes that rise inflation Demand for Bitcoin can increase as investors look for safe assets.
The second law cited by Kiyosaki is Metcalfe’s Law. This principle states that the value of a network is proportional to the square of its number of users.
Similar to franchises such as McDonald’s and the global reach of online marketing, Kiyosaki explained. Bitcoin’s power lies in its expanding network users and adopters.
“I support network marketing as having more power than small business entrepreneurs for the same reasons,” he said.
Additionally, Kiyosaki draws attention to the success he has achieved in global distribution networks for his books and products as an example of leveraging Metcalfe’s Law.
Kiyosaki predicts stock market crash
Meanwhile, in a separate article, the author revisited predictions from his 2013 book, Rich Dad’s Prophecy. In the book, Chiasaki warned of what he called “the greatest stock market crash in history.” Now, he’s proposing a specific timeline.
“The crash will be in February 2025,” postal read.
Still, Kiyosaki added that this could lead to people moving to cryptocurrencies. He believes that billions of dollars will flow into Bitcoin, gold and silver from the stock and bond markets. if this happens Bitcoin could experience massive price gains.
Disclaimer
persist in trust project Guide Beincrypto is committed to fair and transparent reporting. This news article is designed to provide accurate, timely information. However, readers are advised to independently verify the facts and consult a professional before making any decisions based on this content. Please note that our terms and Conditions,,,,,, privacy policyand Disclaimer Updated.
