I’m Still Bullish on Bitcoin — Crypto Cannot Be Blamed for FTX Collapse – Featured Bitcoin News


The well-known writer of the best-selling e book Wealthy Dad Poor Dad, Robert Kiyosaki, continues to be bullish on bitcoin regardless of the collapse of crypto alternate FTX. He pressured that the cryptocurrency can’t be blamed for the actions of former FTX CEO Sam Bankman-Fried.

Robert Kiyosaki Nonetheless Bullish on Bitcoin

The writer of Wealthy Dad Poor Dad, Robert Kiyosaki, mentioned the FTX collapse and bitcoin with visitor Mark Moss on the Wealthy Dad Radio Present which aired earlier this week.

Wealthy Dad Poor Dad is a 1997 e book co-authored by Kiyosaki and Sharon Lechter. It has been on the New York Occasions Greatest Vendor Listing for over six years. Greater than 32 million copies of the e book have been bought in over 51 languages throughout greater than 109 nations. Moss is a radio host and the writer of “Uncommunist Manifesto.”

After listening to Moss outlining the issues at FTX and quite a few fraudulent actions allegedly carried out by its former CEO Sam Bankman-Fried (SBF), Kiyosaki emphasised:

I’m nonetheless bullish on bitcoin … Bitcoin will not be the identical as Sam Bankman-Fried. It’s not bitcoin, it’s FTX that’s the issue.

Kiyosaki famous that bitcoin can’t be blamed for the autumn of FTX and Bankman-Fried in the identical approach one can’t blame silver if silver exchange-traded funds (ETFs) are mismanaged. He revealed that he owns lots of silver and gold however doesn’t have any silver or gold ETFs.

The well-known writer referred to as FTX “one of many greatest scams in historical past.” He moreover described: “FTX is a Ponzi scheme the place they depended upon the funds from the subsequent silly buyers to finance it.” Regardless of the FTX fiasco and the following crypto market sell-offs, Kiyosaki reiterated:

As soon as once more, girls and gents, I’m nonetheless in favor of bitcoin. I’m not towards it as many individuals in my age group are as a result of I believe bitcoin is strong.

Kiyosaki has additionally been warning concerning the U.S. economic system. On Friday, he tweeted: “The world economic system will not be a ‘market.’ I imagine [the] economic system is the largest bubble in world historical past.”

The famend writer has cautioned on a number of events that inventory, bond, and actual property markets are all crashing. He has urged buyers to buy cryptocurrency now earlier than the largest crash in world historical past occurs.

Final week, Kiyosaki equally stated that bitcoin isn’t the problem within the meltdown of FTX. He referred to as Bankman-Fried the Bernie Madoff of crypto. He additionally lately clarified that he’s a bitcoin investor, not a dealer, and he will get excited when BTC hits a brand new backside.

What do you concentrate on the feedback by Robert Kiyosaki? Tell us within the feedback part under.

Kevin Helms

A scholar of Austrian Economics, Kevin discovered Bitcoin in 2011 and has been an evangelist ever since. His pursuits lie in Bitcoin safety, open-source programs, community results and the intersection between economics and cryptography.

Picture Credit: Shutterstock, Pixabay, Wiki Commons

Disclaimer: This text is for informational functions solely. It’s not a direct provide or solicitation of a suggestion to purchase or promote, or a advice or endorsement of any merchandise, companies, or firms. Bitcoin.com doesn’t present funding, tax, authorized, or accounting recommendation. Neither the corporate nor the writer is accountable, straight or not directly, for any injury or loss prompted or alleged to be attributable to or in reference to the usage of or reliance on any content material, items or companies talked about on this article.


Source link

Leave a Reply

Your email address will not be published. Required fields are marked *