Robert Kiyosaki Says Bitcoin Isn’t the Problem — Calls Former FTX CEO the ‘Bernie Madoff of Crypto’

The celebrated writer of the best-selling publication Rich Dad Poor Dad, Robert Kiyosaki, says bitcoin is not the occupation pursuing the illness of cryptocurrency speech FTX. Kiyosaki believes that erstwhile FTX CEO Sam Bankman-Fried is much similar the Bernie Madoff of crypto than the Warren Buffett of crypto.

Robert Kiyosaki connected Bitcoin, FTX Blowup, Bernie Madoff

The writer of Rich Dad Poor Dad, Robert Kiyosaki, has shared his thoughts astir bitcoin, the collapsed crypto speech FTX, and its erstwhile CEO Sam Bankman-Fried (SBF). FTX filed for bankruptcy past week and Bankman-Fried stepped down arsenic the CEO of the company.

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.

Following the implosion of FTX, galore radical rushed to exit the crypto space, which led to dense marketplace sell-offs. However, Kiyosaki tweeted Monday:

Bitcoin not the problem. No much than gold, silver, lipid origin inflation.

In contrast, helium claimed that the bankrupt crypto exchange, President Joe Biden’s family, the Federal Reserve, Marxist educators, and corrupt politicians are “really large problems.”

His tweet continues:

Gold, silver, bitcoin, police, veterans captious for our idiosyncratic freedoms.

FTX is being investigated by a fig of authorities worldwide, including the U.S. Department of Justice (DOJ), the Securities and Exchange Commission (SEC), and the Commodity Futures Trading Commission (CFTC).

Kiyosaki Compares FTX and Bankman-Fried to Bernie Madoff and His Ponzi Scheme

Kiyosaki followed up with different tweet Tuesday. The renowned writer wrote, “WTF: FTX largest donator to Democrats for midterms,” adding:

Kevin O’Leary & Jim Cramer raved astir Sam Bankman-Fried calling him the Warren Buffett of crypto. SBF [is] much similar Bernie Madoff of crypto. How overmuch much corrupt tin Silicon Valley & Hollywierd become?

Madoff ran the largest Ponzi strategy successful history, worthy astir $64.8 billion. He was convicted of fraud, wealth laundering, and different related crimes, and was sentenced to 150 years successful national prison. Madoff died successful situation connected April 14 past twelvemonth astatine the property of 82.

Kiyosaki is not the lone 1 who sees similarities betwixt Bankman-Fried and Madoff. Sheila Bair, who chaired the Federal Deposit Insurance Corporation (FDIC) during the 2008 fiscal crisis, precocious noted eerie similarities betwixt FTX and Bankman-Fried and Bernie Madoff’s Ponzi scheme. She opined:

Charming regulators and investors tin distract [them] from digging successful and seeing what’s truly going connected … It felt precise Bernie Madoff-like successful that way.

Meanwhile, Binance CEO Changpeng Zhao (CZ) said the FTX fiasco resembles the 2008 fiscal crisis, and erstwhile Treasury Secretary Larry Summers likened the crypto exchange’s implosion to the Enron fraud.

Shark Tank prima Kevin O’Leary has an equity stake successful FTX and has signed a multiyear woody to go the crypto exchange’s ambassador and spokesperson. His compensation was paid successful crypto and managed connected the FTX platform. Bankman-Fried is simply a large donor to the Democratic Party. The erstwhile FTX main was the second-largest donor to the Democrats successful 2021-22, donating $39.8 cardinal — 2nd lone to billionaire George Soros, according to Open Secrets governmental donor data.

Kiyosaki is simply a bitcoin investor. He has been recommending BTC for rather immoderate time. Last month, helium explained why helium buys bitcoin. In September, helium urged investors to get into crypto present earlier the biggest economical clang successful past happens.

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

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