Robert Kiyosaki Thanks Bitcoin for Challenging US Dollar and Restoring 'Integrit

[sirty143]

Robert Kiyosaki Thanks Bitcoin for Challenging US Dollar and Restoring 'Integrity' to Money

Rich Dad Poor Dad author Robert Kiyosaki has thanked bitcoin for “kicking the fake U.S. dollar’s butt and bringing integrity back to money.” Kiyosaki has recently been more vocal in urging investors to buy bitcoin. He expects the price of the cryptocurrency to reach $100,000 by June of this year... See more for yourself here.

Your opinion is greatly appreciated.

[Aanuoluwatofunmi]

He is not the only one being grateful here, i think we are all indebted to bitcoin by being thankful to Satoshi for giving us the very awaited opportunity with a decentralized network bitcoin, this is what we have and we are proud that we see the needs of the people in financial economy being meant by bitcoin, the entire world is interested tin knowing more about this same digital currency not even minding what others are saying against it.

[Z-tight]

Robert Kiyosaki has been in the news more often this period, and i agree with his advice that people should buy BTC and other assets like gold, but i don't agree that BTC is challenging the u.s. dollar, BTC is just an alternative to it and people who want to control their money would use BTC, it was not designed or created to challenge fiat currencies.

[Don Pedro Dinero]

Well, I'm going to be sceptical here too. That it has challenged the dollar, well, yes to some extent, but so far it hasn't amounted to anything. The unit of account is still the dollar, we are all waiting to see when the price breaks the previous ath of $69,000, and from the USA, as from the EU, what is being achieved is to have ever greater control of bitcoin transactions with legislation and KYC obligations. Add to this the upcoming implementation of CBDCs and it seems to me that it is governments that are challenging bitcoin.

[Z-tight]

and from the USA, as from the EU, what is being achieved is to have ever greater control of bitcoin transactions with legislation and KYC obligations. Add to this the upcoming implementation of CBDCs and it seems to me that it is governments that are challenging bitcoin.

I don't think cbdc's are created to challenge BTC, cbdc's are just like digital fiat, it is centralized and the government controls and issues them, i don't see any competition between it and BTC which is decentralized and censorship resistant.

However, i agree that the government wants to somehow control BTC, but they cannot, they can use custodial services like exchanges to confiscate people's funds and get info about certain tx's, but they have no control over the network or over people who use BTC the way it should be used.

[TomPluz]

Bitcoin is a big wake-up call for the US Dollar as the government has the habit of printing money anytime they want to...called as quantitative easing to make the thing more palatable. With its limited supply, Bitcoin has been dubbed as deflationary as against the fiat money which is suffering constantly from inflation especially these days. Right now, Bitcoin is enjoying the bullish season as we are approaching the coming halving around April which can limit the amount of coins that can be mined. Robert Kiyosaki has  become the evangelist for Bitcoin for some time now and those who followed his advice must be celebrating these days as price of BTC is now approaching a new ATH and can even be clobbering the $100K within 2024.