I’m Still Bullish on Bitcoin — Crypto Cannot Be Blamed for FTX Collapse – Featured Bitcoin News


The well-known creator of the best-selling e book Wealthy Dad Poor Dad, Robert Kiyosaki, continues to be bullish on bitcoin regardless of the collapse of crypto trade FTX. He burdened that the cryptocurrency can’t be blamed for the actions of former FTX CEO Sam Bankman-Fried.

Robert Kiyosaki Nonetheless Bullish on Bitcoin

The creator of Wealthy Dad Poor Dad, Robert Kiyosaki, mentioned the FTX collapse and bitcoin with visitor Mark Moss on the Wealthy Dad Radio Present which aired earlier this week.

Wealthy Dad Poor Dad is a 1997 e book co-authored by Kiyosaki and Sharon Lechter. It has been on the New York Occasions Greatest Vendor Checklist for over six years. Greater than 32 million copies of the e book have been bought in over 51 languages throughout greater than 109 international locations. Moss is a radio host and the creator of “Uncommunist Manifesto.”

After listening to Moss outlining the issues at FTX and quite a few fraudulent actions allegedly carried out by its former CEO Sam Bankman-Fried (SBF), Kiyosaki emphasised:

I’m nonetheless bullish on bitcoin … Bitcoin will not be the identical as Sam Bankman-Fried. It’s not bitcoin, it’s FTX that’s the issue.

Kiyosaki famous that bitcoin can’t be blamed for the autumn of FTX and Bankman-Fried in the identical method one can not blame silver if silver exchange-traded funds (ETFs) are mismanaged. He revealed that he owns lots of silver and gold however doesn’t have any silver or gold ETFs.

The well-known creator referred to as FTX “one of many largest scams in historical past.” He moreover described: “FTX is a Ponzi scheme the place they depended upon the funds from the subsequent silly traders to finance it.” Regardless of the FTX fiasco and the following crypto market sell-offs, Kiyosaki reiterated:

As soon as once more, girls and gents, I’m nonetheless in favor of bitcoin. I’m not towards it as many individuals in my age group are as a result of I feel bitcoin is stable.

Kiyosaki has additionally been warning concerning the U.S. financial system. On Friday, he tweeted: “The world financial system will not be a ‘market.’ I imagine [the] financial system is the largest bubble in world historical past.”

The famend creator has cautioned on a number of events that inventory, bond, and actual property markets are all crashing. He has urged traders to buy cryptocurrency now earlier than the largest crash in world historical past occurs.

Final week, Kiyosaki equally stated that bitcoin isn’t the problem within the meltdown of FTX. He referred to as Bankman-Fried the Bernie Madoff of crypto. He additionally lately clarified that he’s a bitcoin investor, not a dealer, and he will get excited when BTC hits a brand new backside.

What do you consider the feedback by Robert Kiyosaki? Tell us within the feedback part beneath.

Kevin Helms

A scholar of Austrian Economics, Kevin discovered Bitcoin in 2011 and has been an evangelist ever since. His pursuits lie in Bitcoin safety, open-source methods, community results and the intersection between economics and cryptography.

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