Robert Kiyosaki, the author of “Rich Dad Poor Dad,” believes it’s time to move beyond Bitcoin and invest in Ethereum.
Ethereum as a Hedge against Currency Weakness
Kiyosaki suggests that Ethereum and other cryptocurrencies can protect against the declining value of the US dollar. He believes that the US dollar is losing its strength due to the country’s growing debt crisis.
Kiyosaki’s Investment Strategy
Kiyosaki has been investing in Bitcoin for over a decade and recently added Ethereum to his portfolio. He emphasizes the importance of diversifying assets into tangible resources like gold and silver, as well as digital currencies like Ethereum and Bitcoin.
Why Ethereum over Bitcoin?
While Kiyosaki acknowledges his limited understanding of Bitcoin, he believes Ethereum has potential due to its use cases and the growing popularity of decentralized applications.
The Importance of Diversification
Kiyosaki stresses that the goal is not to debate the superiority of Bitcoin over gold or silver, but to diversify into assets that will hold their value during a market crash.
Kiyosaki’s Loss of Faith in the US Dollar
Kiyosaki has lost confidence in the US dollar, citing its vulnerability and the trillions of dollars in debt. He believes the US economy is in a depression and that the market crash is already underway.
Investing in a Market Crash
Kiyosaki advises investors to take advantage of the market crash by investing when prices are low. He believes that crashes present opportunities for those who are prepared to invest wisely.
