In a recent episode of the popular podcast ‘Rich Dad Channel’ Robert KiyosakiHe is the author of the book ‘Rich Dad, Poor Dad’ and advocates cryptocurrency investment. Ethereum And Bitcoin. Financial experts highlighted the fall in the value of the United States dollar (USD), highlighting the start of a potential crisis. Market crash.
Ethereum acts as a hedge against currency depreciation
On the podcast, we chat with Andy Schectman, President and Owner of Miles Franklin and Kiyosaki Precious Metals. discussed The importance of investing and saving in digital currencies suggests that cryptocurrencies could be an option. Risk can be hedged It is associated with fiat currency, especially the US dollar.
Financial experts who have long advocated for digital currencies have consistently encouraged investors to allocate funds to cryptocurrency assets. protect their property Against inflation and other economic conditions.
Kiyosaki acknowledged his limited understanding of Bitcoin, the world’s largest cryptocurrency, but expressed support: Ethereum, many of his podcasts also include other precious metals such as gold and silver. He expressed his belief that the decline in the value of the U.S. dollar will worsen over time. Debt crisis worsens.
Moreover, Kiyosaki avoids saving his funds in fiat currency, emphasizing that “depositors are losers.” Plus, he revealed that he started it. Bitcoin Savings It’s about 10 years old and has recently expanded to Ethereum.
Financial experts have repeatedly expressed skepticism about this. Reliability of the US DollarThey branded it a “fake” and advocated for the wider financial community to: Diversify assets into tangible resources There are digital currencies such as gold and silver, as well as digital currencies such as Ethereum and Bitcoin.
Moreover, Kiyosaki emphasized that the cryptocurrency community does not need to do so. debate relative value Bitcoin is better than gold Or silver. He emphasized that the key is to diversify into valuable assets that do not depreciate, such as the U.S. dollar.
“Don’t save your money. Fake money (US dollars, euros, yen, pesos) loses value. “Save gold, silver, bitcoin, and real money, especially those that appreciate in value during market crashes.” Kiyosaki decided From a post by X (formerly Twitter).
Kiyosaki lost confidence in the US dollar.
Kiyosaki declared on the podcast that he had lost faith in the U.S. dollar, citing market vulnerabilities and massive debt totaling trillions of dollars. financial author published In late April, X Post stated that the U.S. economy was currently experiencing a recession.
He said the economy has shown subpar growth in recent years, with growth of 3.4% and 1.6% in the fourth quarter of 2023 and the first quarter of 2024, respectively. Kiyosaki Island Warns that widespread market collapse has begun“A crash is the best time to get rich,” he emphasized, urging investors to take advantage of the opportunity by investing when prices hit bottom.
ETH price makes its way above $3,000 | Source: ETHUSD on Tradingview.com
Featured image from Inside Bitcoins, Chart from Tradingview.com