In recent years, the US Federal Reserve has printed trillions of dollars to fight inflation. That has swelled the Fed’s balance sheet to nearly $9 trillion in 2021. But resorting to money printing threatens the US dollar’s strength going forward, many economists say. Robert Kiyosaki constantly criticizes the American government for this policy, which he believes only serves to throw the American dollar out of control “counterfeit money”, which is about to end. He recommends investors to buy Bitcoin (BTC) and some assets to weather the coming crisis.
The Dollar Depreciates and the Bitcoin Gains?
Late last week, American author and entrepreneur Robert Kiyosaki again criticized the US dollar. According to him, fiat will fall in value if the Fed reverses and will print hundreds of billions of dollars. Thus, the savers (whom he calls false savers) lose all their money. He predicts that Bitcoin (BTC) investors will get richer during this time. For him, Bitcoin (BTC) is a safe bet for the future and given current politics. Besides the flagship crypto, he identified other safe bets.
“People who own gold, silver and bitcoin (BTC) are getting richer as the Federal Reserve, Treasury and Wall Street pivot and print trillions of dollars. Counterfeit savers will be the biggest losers”Has Write Robert Kiyosaki.
In February, the author of Rich Dad Poor Dad warned that the Fed and US Treasury would destroy the dollar. This because of the choices they have made. To protect himself from this, he urged people to do so to buy Bitcoin (BTC). In return, he pointed out that the fall of cryptos is an opportunity for the general public to embrace Bitcoin technology.
A few months later, in September, Robert Kiyosaki predicted the total collapse of the US dollar as early as January 2023.
You should know that criticism of Robert Kiyosaki continues to decline. “That was when President Richard Nixon took the dollar off the gold standard in 1971. In fact, it is not tied to real money like gold, but to the full faith and credit of the United States.”he explained.
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Far from dampening my enthusiasm, an unsuccessful cryptocurrency investment in 2017 only heightened my enthusiasm. I therefore decided to study and understand the blockchain and its many uses and use my pen to share information related to this ecosystem.