Wealthy Dad Poor Dad writer Robert Kiyosaki says the actions of US leaders in each the non-public and public sectors have made him bullish on Bitcoin (BTC).
Kiyosaki tells his 2.5 million followers on the social media platform X that the US authorities is ripping off People by taking up huge quantities of debt to maintain the nation operating.
He additionally says that the greenback, similar to some other fiat foreign money on this planet, is a “large Ponzi” scheme.
“All of the US greenback is, is an IOU from America…
[I’m concerned about] our US political, banking, and monetary leaders. They’re incompetent or corrupt or each.
Our leaders don’t know how you can management the rising US authorities debt and US bond market, and overinflated inventory market.
America is broke printing $1 trillion… simply to pay its payments. They need to resign, be fired, impeached, or put in jail… They’ve ripped off the American individuals and the individuals of the world.”
Knowledge from the U.S. Treasury Division reveals that the nation’s nationwide debt rose by greater than $1 trillion in simply 5 months. At time of writing, the nationwide debt stands at a document excessive of $34.598 trillion.
Kiyosaki says one more reason why he’s bullish on BTC is due to its sturdy community. The very best-selling finance writer mentions Metcalfe’s Legislation, which states that the worth of a community is instantly associated to the variety of customers it has.
“Metcalfe’s Legislation is a legislation in regards to the energy of ‘networks.’ Bitcoin, just like the US greenback, cellphone networks, and network-making companies comparable to Amway acquire this core worth from the power of their community system. That’s the rationale Metcalfe’s Legislation is essential and why I’m bullish about Bitcoin and the US greenback.
Bitcoin has a robust community.
Most ‘new crypto cash’ come off of the Ethereum platform. What number of will do in addition to Bitcoin? Solely time will inform. Most will die as a result of they fail Metcalfe’s Legislation, they fail to construct a community.
That may [be] such as you to belong to a cellphone community with solely you.”
Kiyosaki beforehand mentioned that he’s seeking to purchase 10 BTC earlier than the tip of the month as he expects the crypto king to hit $100,000 by September this yr.
At time of writing, BTC is buying and selling for $70,007, a fractional lower up to now day.
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