The Rich Dad Poor Dad author revealed why Bitcoin can be considered safe havens during these days of financial uncertainty
Robert Kiyosaki, the author of the international bestselling financial advise book Rich Dad Poor Dad, invited a big name in the cryptocurrency market, Anthony Pompliano, to his radio show. What is special is that Kiyosaki told Pomp why he had moved to Bitcoin in the first place.
Renowned investor Robert Kiyosaki revealed why he converted to Bitcoin
Kiyosaki said the first time he bought Bitcoin was in 2017 – the time when BTC price was at its highest. However, this deal was not successful because he did not complete the deal.
After that, Kiyosaki was still determined to buy BTC and the main reason he kept this consistency was because the US dollar has been getting softer due to the quantitative easing via injecting more USD into circulation while BTC has been getting harder thanks to the supply cut that took place on May 11.
Throughout 2020, he regularly posts tweets criticizing the Federal reserve, backing Bitcoin. In particular, with Kiyosaki, Bitcoin, gold, and silver can be considered a safe haven asset on uncertain financial days.
During the conversation with Pompliano, Kiyosaki said that Pomp as a young generation representative has the podcasts he often hears to understand Bitcoin better. In particular, both are particularly concerned and discuss much the BTC supply is halved every four years, and changing that policy depends on millions of people. Over 50% of the community must agree to change the code, but they never will, assumed Pomp.
By contrast, when it comes to the Fed, all monetary policy decisions are made only by twelve people in one room.
“With Bitcoin, you can rest assured that the monetary policy will remain unchanged for years in advance.”
The author ‘Rich Dad, Poor Dad’ also confessed that he was dissatisfied with the $ 25,000 limit Coinbase mandates for users who want to buy BTC because he wants to buy more.
Here, he mentioned billionaire Paul Tudor Jones, who has allocated 2% of his considerable assets to BTC.
Pomp explained that Coinbase is a tightly controlled platform and that by setting those limits (which can be removed later), they are trying to fight bad actors in the industry. Bitcoin, however, can be purchased through other channels, such as OTC transactions.
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