Robert Kiyosaki explains why Bitcoin is better than ‘fake U.S. dollar’
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Robert Kiyosaki highlighted Gresham’s and Metcalfe’s Laws as the key to Bitcoin’s value. The U.S. government’s growing Bitcoin reserves may boost demand and influence market trajectory. As Bitcoin [BTC] continues to gain traction, Robert Kiyosaki, renowned financial analyst and author of the book “Rich Dad Poor Dad,” highlighted BTC’s superiority over the U.S. dollar. Robert Kiyosaki on Bitcoin vs. U.S. dollar In a recent X post, Kiyosaki underscored his optimism for the cryptocurrency, citing Gresham’s Law and Metcalfe’s Law as fundamental principles reinforcing Bitcoin’s long-term value and utility. Beginning with Gresham’s Law, he explained, “When BAD money enters a system GOOD money goes into hiding. Good money gold and silver have been hiding from FAKE US dollars for years. Today, Gold, silver, and Bitcoin are forcing the fake US dollar into hiding.” He argued that fiat currencies like the U.S. dollar have steadily lost credibility due to rampant inflation and excessive money printing. In contrast, assets such as Bitcoin, gold, and silver have emerged as reliable stores of value. Hence, these assets are becoming the safest investment choices as the public’s trust in paper currencies erodes. Drawing on historical context, he also noted how physical metals like gold and silver have long been accepted as symbols of enduring value. Now, digital currencies like BTC are gaining similar recognition in the modern financial ecosystem. Kiyosaki draws attention to Metcalfe’s Law Additionally, Kiyosaki shed light on Metcalfe’s Law, which asserts that a network’s value grows exponentially with its user base. He explained that Bitcoin’s rising global adoption and expanding network of users significantly enhance its value and influence. This decentralized network effect is a crucial driver behind BTC’s ascent as a powerful asset. What lies ahead for Bitcoin? In contrast to the optimistic outlook surrounding Bitcoin, Goldman Sachs CEO David Solomon recently…
Filed under: News - @ January 27, 2025 7:26 am