Robert Kiyosaki’s View on Bitcoin Outshining ‘False U.S. Dollar’
With the increasing popularity of Bitcoin, financial expert Robert Kiyosaki, famous for the book “Rich Dad Poor Dad,” has emphasized the superiority of Bitcoin over the U.S. dollar.
Robert Kiyosaki’s Take on Bitcoin vs. the U.S. Dollar
In a recent message, Kiyosaki expressed his positive outlook on the cryptocurrency, pointing to Gresham’s Law and Metcalfe’s Law as key principles supporting Bitcoin’s lasting value and utility.
Referring to Gresham’s Law, he noted,
“When inferior money is introduced into a system, superior money hides. Superior money like gold, silver, and Bitcoin has been evading fake U.S. dollars for years, compelling the U.S. dollar into hiding.”
He argued that traditional currencies such as the U.S. dollar have been losing credibility due to continuous inflation and excessive money supply. On the other hand, assets like Bitcoin, gold, and silver have emerged as reliable means of preserving value.
As trust in fiat currencies diminishes, these assets are increasingly seen as secure investment options.
Looking back at history, Kiyosaki mentioned how precious metals like gold and silver have always been seen as symbols of enduring worth. Now, digital currencies like Bitcoin are gaining similar recognition in the contemporary financial landscape.
Kiyosaki’s Emphasis on Metcalfe’s Law
Furthermore, Kiyosaki highlighted Metcalfe’s Law, which states that the value of a network grows exponentially with its user base.
He pointed out that Bitcoin’s expanding global adoption and growing user network considerably boost its value and impact. This organic network growth is a vital factor driving Bitcoin’s rise as a valuable asset.
Future Prospects for Bitcoin
While there is a positive sentiment surrounding Bitcoin’s future, Goldman Sachs CEO David Solomon recently reiterated his belief in the supremacy of the U.S. dollar, categorizing Bitcoin as a speculative asset rather than a threat to global financial stability.
Despite Goldman Sachs exploring blockchain technology for operational improvements, regulatory barriers prevent direct ownership of Bitcoin by the bank.
Nevertheless, Bitcoin’s market performance remains strong, with current prices at $104,731.34, showing a marginal 0.06% increase over the last 24 hours.
President Donald Trump’s order to establish a digital assets reserve for the U.S. could bolster Bitcoin’s standing, hinting at potential government support. Reports suggest that the U.S. government holds approximately 198,000 BTC, valued at $20.71 billion. Any increase in these holdings may spike demand, potentially pushing Bitcoin’s value higher in the days ahead.