American financial analyst and author of the bestseller Rich Dad Poor Dad, Robert Kiyosaki, outlined two reasons why Bitcoin is better than the US dollar. In a recent post, Kiyosaki shared his positive view regarding the crypto and emphasized Gresham’s Law and Metcalfe’s Law as the core principles that support his view.
Robert Kiyosaki Explains Why Bitcoin Outshines The US Dollar in Today’s Economy
Robert Kiyosaki, the author of the Rich Dad Poor Dad, recently posted on X (formerly Twitter) about Bitcoin becoming bigger than the US dollar. He said that according to Gresham’s Law bad money chases good money out of circulation.
Kiyosaki noted that fiat currencies, including the US dollar, have lost credibility due to inflation and excessive money printing.
He said that in this case, Bitcoin, gold and silver are the “good money.” According to Kiyosaki, such assets are turning into the safest places for investing, given that people no longer trust paper currencies. He also pointed out that people have been using physical metals like gold and silver as a means of accepting value for a long time, and now digital currency has been accepted.
Robert Kiyosaki added,
“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.”
Notably, Binance founder Changpeng ‘CZ’ Zhao and “Rich Dad Poor Dad” author Robert Kiyosaki have encouraged buying Bitcoin during dips amid rising FOMO. CZ advised responsible investing due to Bitcoin’s volatility, while Kiyosaki emphasized BTC potential for wealth creation, urging individuals to buy for long-term gains.
BTC Network Power Using Metcalfe’s Law
Kiyosaki also highlighted Metcalfe’s Law, which states that the value of a network grows exponentially with its number of users. He explained that Bitcoin’s expanding network of users and global adoption contributes to its increasing value and influence. This principle has been a key driver in Bitcoin rise as a decentralized asset.
He compared Bitcoin’s network growth to established systems like franchise networks and large corporations, which gain power from their scale. Kiyosaki emphasized that BTC decentralized nature allows individuals and businesses to leverage its growing network for transactions and value storage.
However, recently, Goldman Sachs CEO David Solomon reiterated his belief in the US dollar’s dominance, dismissing Bitcoin as a speculative asset and not a threat to global financial stability. While the bank explores blockchain technology for operational efficiency, it remains restricted from directly owning Bitcoin due to regulations.
Bitcoin, Gold, and Silver Are Emerging as Alternatives to the US Dollar
As the US dollar faces declining global trust, Kiyosaki pointed out that Bitcoin, gold, and silver are challenging its dominance. He noted that the over-reliance on fiat currencies has led to economic instability, prompting individuals to seek alternatives. Bitcoin network, with its limited supply and decentralized nature, is increasingly viewed as a hedge against inflation.
Kiyosaki emphasized that the transition to these assets is a natural response to the erosion of purchasing power in fiat currencies. He reiterated his belief that tangible assets like gold, silver, and Bitcoin network offer a more reliable store of value during uncertain times.
Rich Dad Poor Dad author also warned of an ongoing giant market crash fueled by reckless monetary policies and financial mismanagement. He attributed this economic downturn to government decisions to print excessive amounts of money, which devalues fiat currencies.
The author reaffirmed his bullish outlook on Bitcoin, gold, and silver, urging individuals to focus on accumulating these assets. According to Kiyosaki, they represent the best tools for preserving wealth and stability during the current economic climate.
Ronny Mugendi
Ronny Mugendi is a seasoned crypto journalist with four years of professional experience, having contributed significantly to various media outlets on cryptocurrency trends and technologies. With over 4000 published articles across various media outlets, he aims to inform, educate and introduce more people to the Blockchain and DeFi world. Outside of his journalism career, Ronny enjoys the thrill of bike riding, exploring new trails and landscapes.
Disclaimer: The presented content may include the personal opinion of the author and is subject to market condition. Do your market research before investing in cryptocurrencies. The author or the publication does not hold any responsibility for your personal financial loss.
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