Kiyosaki Predicts End of USD — Says War Giving Rise to Crypto as Safer Than Fiat
The well-known writer of the best-selling ebook Rich Dad Poor Dad, Robert Kiyosaki, has predicted the tip of the U.S. greenback. Moreover, he stated that the Russian-Ukraine conflict has given rise to crypto as “a safer haven asset than authorities faux fiat cash.”
Robert Kiyosaki warns that the US dollar could cease to exist as the war’s end could rise in crypto. He notes that the crypto market is a safer version of currency in a time of uncertainty than fiat money. As a result of the Russian ruble’s collapse, he wrote: “It is the Ukrainian-Russian conflict giving rise to crypto as a safer haven than the Russian authorities have used to disguise fiat cash.”
“Finest funding could also be stocking merchandise you’ll at all times use equivalent to toilette paper, trash baggage, canned items, frozen meals, gold, silver, bitcoin” advised Kiyosaki.
The predictions of his tweets were heavily criticized on social media, with many telling him that not all cryptocurrencies can be used. For example, decentralized cryptos don’t get the desired amount in the network, which means the government won’t be able to protect bitcoins. Final week, Kiyosaki warned that “We’re within the largest bubble in the world-historical past” and that the U.S. authorities would seize all cryptocurrencies.
He predicted that the federal government would regulate the crypto sector and launch a “Fed crypto.” In the end, Kiyosaki acknowledged that each cryptocurrency could be seized and folded into the federal government crypto. He noted that the U.S. hegemony is ending, and the U.S. is becoming less of world power. As proof, the author of Rich Dad Poor Dad mentioned that Saudi Arabia is considering accepting Chinese yuan instead of U.S. dollars for oil sales in China.
Robert Kiyosaki believes Bitcoin and cryptocurrencies will become the new world currency.