Robert Kiyosaki, author of “Rich Dad Poor Dad,” is bullish on Bitcoin (BTC) due to the actions of US leaders.
Government Ripping Off Americans
Kiyosaki believes the US government is taking on excessive debt to keep the country running, ripping off Americans in the process. He compares the dollar to a “giant Ponzi scheme,” claiming that it’s simply an IOU from the government.
National Debt Soars
Data shows that the US national debt has risen by over $1 trillion in just five months, reaching a record high of $34.598 trillion. Kiyosaki argues that the government’s incompetence or corruption has led to this unsustainable debt.
Bitcoin’s Network Strength
Kiyosaki is also bullish on BTC because of its robust network. He cites Metcalfe’s Law, which states that the value of a network increases with the number of users.
BTC Price Prediction
Kiyosaki has previously stated his intention to buy 10 BTC before the end of the month, predicting that the cryptocurrency will reach $100,000 by September.
