As the world continues to battle COVID-19 epidemy, experts are beginning to see the important values of Bitcoin especially this time that the digital currency is regaining its lost power.
Bestselling author of Rich Dad Poor Dad, 72 years old Robert Kiyosaki, has proudly questioned why the US Dollar keeps falling in the presence of Bitcoin, a digital asset that was created just 11 years ago.
The author of Rich Dad Poor Dad series, whose books have been translated into 51 languages, said Fed printed $4.5 Trillion in 2018 to save the rich. He also said the reserve system printed $6-8 Trillion in 2018 “may be more to save US economy”.
Asking why Dollar is dying, Kiyosaki opined that there is just $9.5 Trillion in gold in the whole world, concluding that the Ph.D. holders at Fed are nothing but idiots.
He said: “WHY IS DOLLAR DYING? 2008 Fed printed $4.5 Trillion to save rich. 2020 Fed will have to print $6-8 Trillion, maybe more to save US economy. There is only $9.5 Trillion in gold in WHOLE WORLD. Buy real gold silver Bitcoin. No paper ETF gold or silver. PhDs at Fed are IDIOTS.”
Kiyosaki, who has sold over 41 million of Rich Dad Poor Dad, advised that people should save money given to them wisely on Gold, Bitcoin, Silver, saying the dollar is dying already.
DEATH OF DOLLAR. People desperate for money. Very sad. If government gives you free money take it yet spend it wisely. DO NOT SAVE. Buy gold, silver, Bitcoin. Dollar is dying. Silver $20. Best Buy for future security. Everyone can afford $20, especially with free fake money.
— therealkiyosaki (@theRealKiyosaki) April 4, 2020
Meanwhile, at the time of writing this report, Bitcoin is trading around $7340 after going above $7,400 today.
On March 17, Bitcoin dropped below $5,000, revolving around the level until a few days ago when it suddenly picked up.