Robert Kiyosaki: I’m Still Bullish on Bitcoin — Crypto Cannot Be Blamed for FTX Collapse

The celebrated writer of the best-selling publication Rich Dad Poor Dad, Robert Kiyosaki, is inactive bullish connected bitcoin contempt the illness of crypto speech FTX. He stressed that the cryptocurrency cannot beryllium blamed for the actions of erstwhile FTX CEO Sam Bankman-Fried.

Robert Kiyosaki Still Bullish connected Bitcoin

The writer of Rich Dad Poor Dad, Robert Kiyosaki, discussed the FTX illness and bitcoin with impermanent Mark Moss connected the Rich Dad Radio Show which aired earlier this week.

Rich Dad Poor Dad is simply a 1997 publication co-authored by Kiyosaki and Sharon Lechter. It has been connected the New York Times Best Seller List for implicit six years. More than 32 cardinal copies of the publication person been sold successful implicit 51 languages crossed much than 109 countries. Moss is simply a vigor big and the writer of “Uncommunist Manifesto.”

After listening to Moss outlining the problems astatine FTX and galore fraudulent actions allegedly conducted by its erstwhile CEO Sam Bankman-Fried (SBF), Kiyosaki emphasized:

I’m inactive bullish connected bitcoin … Bitcoin is not the aforesaid arsenic Sam Bankman-Fried. It’s not bitcoin, it’s FTX that’s the problem.

Kiyosaki noted that bitcoin cannot beryllium blamed for the autumn of FTX and Bankman-Fried successful the aforesaid mode 1 cannot blasted metallic if metallic exchange-traded funds (ETFs) are mismanaged. He revealed that helium owns a batch of metallic and golden but does not person immoderate metallic oregon golden ETFs.

The celebrated writer called FTX “one of the biggest scams successful history.” He additionally described: “FTX is simply a Ponzi strategy wherever they depended upon the funds from the adjacent anserine investors to concern it.” Despite the FTX fiasco and the consequent crypto marketplace sell-offs, Kiyosaki reiterated:

Once again, ladies and gentlemen, I’m inactive successful favour of bitcoin. I’m not against it arsenic galore radical successful my property radical are due to the fact that I deliberation bitcoin is solid.

Kiyosaki has besides been informing astir the U.S. economy. On Friday, helium tweeted: “The satellite system is not a ‘market.’ I judge [the] system is the biggest bubble successful satellite history.”

The renowned writer has cautioned connected respective occasions that stock, bond, and existent property markets are each crashing. He has urged investors to buy cryptocurrency now earlier the biggest clang successful satellite past happens.

Last week, Kiyosaki likewise said that bitcoin isn’t the problem successful the meltdown of FTX. He called Bankman-Fried the Bernie Madoff of crypto. He besides precocious clarified that he’s a bitcoin investor, not a trader, and helium gets excited erstwhile BTC hits a caller bottom.

What bash you deliberation astir the comments by Robert Kiyosaki? Let america cognize successful the comments conception below.

Image Credits: Shutterstock, Pixabay, Wiki Commons

Disclaimer: This nonfiction is for informational purposes only. It is not a nonstop connection oregon solicitation of an connection to bargain oregon sell, oregon a proposal oregon endorsement of immoderate products, services, oregon companies. Bitcoin.com does not supply investment, tax, legal, oregon accounting advice. Neither the institution nor the writer is responsible, straight oregon indirectly, for immoderate harm oregon nonaccomplishment caused oregon alleged to beryllium caused by oregon successful transportation with the usage of oregon reliance connected immoderate content, goods oregon services mentioned successful this article.