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“Wealthy Dad, Poor Dad” Creator Says It is “Attainable” That Bitcoin Is a Rip-off

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In a current submit on the X social media platform, controversial funding guru Robert Kiyosaki, who’s greatest often called the writer of “Wealthy Dad, Poor Dad,” didn’t rule out that Bitcoin, the flagship cryptocurrency, might be a rip-off and a Ponzi scheme.

“Sure. It’s attainable Bitcoin is a rip-off and a Ponzi scheme,” Kiyosaki.

Regardless of admitting that he’s involved about Bitcoin probably being a Ponzi scheme, he argues that it could nonetheless be no completely different from fiat currencies such because the US greenback and the euro.

Kiyosaki has additionally acknowledged that the worth of Bitcoin may finally go to zero, however he has additionally mentioned that the identical applies to fiat currencies.

Nonetheless, the monetary professional stays bullish on the most important cryptocurrency, not too long ago predicting that the worth of the flagship cryptocurrency may surge to as excessive as $300,000 in 2024.

Based on his newest submit, his optimism stems from Metcalfe’s Legislation, which many see as a mannequin of worth for Bitcoin. The regulation, which focuses on community results, posits that the worth of a sure community will increase with the variety of its customers. Within the context of Bitcoin, proponents of Metcalfe’s Legislation argue that as extra people undertake and use Bitcoin, its worth will improve because of the rising community impact.

Kiyosaki predicts that a lot of the cryptocurrency tokens that come off of the Ethereum platform will die as a result of they lack a powerful community. “That would really like you belonging to a cellphone community with solely you,” Kiyosaki famous.

See also  Hong Kong’s Bitcoin, Ethereum ETFs projected to hit $1 billion in belongings inside two years

The entrepreneur claims that he sees Bitcoin as “the right asset on the proper time.” Kiyosaki regrets not shopping for extra Bitcoin earlier at decrease costs.

At press time, the most important cryptocurrency by market cap is buying and selling at $70,467, in line with CoinGecko information.

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