Greatest-selling writer Robert Kiyosaki has responded to Berkshire Hathaway’s Charlie Munger’s feedback and criticisms of cryptocurrency.
In a brand new interview with Daniela Cambone of Stansberry Analysis, Kiyosaki addresses Munger’s comments that there was no good argument in favor of crypto, and that attempting to interchange the nationwide forex was like “attempting to interchange the nationwide air.”
Munger additionally mentioned that those that oppose his view are “idiots” and that he’s “ashamed of his nation” for permitting the trade to proceed working.
In response, Kiyosaki says,
“Charlie Munger’s an outdated man like me. We’re about the identical age… We’re in the identical class.
After I wrote this ebook right here ‘Who Stole My Pension?,’ my concern right here was that the Boomers are the most important era in historical past. And when their pensions go, it’s going to suck money out of the inventory market. So Charlie will nonetheless in all probability say ‘Purchase shares.’ However the purpose I like crypto, is just not due to Bitcoin, it’s due to blockchain, and blockchain is an accounting system. It’s extra reputable than the Fed or the Treasury or Wall Avenue. So Charlie Munger is within the Fed/Treasury/Wall Avenue crowd, and the youthful generations, millennials and beneath, are within the iPhone crowd.
[The iPhone] is probably the most highly effective software I’ve ever seen. I nonetheless don’t know use it as a result of I’m an outdated man. However this factor right here is probably the most highly effective software I’ve ever seen in historical past. There are extra instruments coming, however this factor right here, this iPhone, I can name anyone on this planet, like that. It’s superb what could be carried out. So the youthful era is on this factor, whereas Charlie Munger is on the Fed, Treasury and Wall Avenue.”
Kiyosaki not too long ago predicted that by 2025, the financial system can be in a despair that sends gold, silver and Bitcoin (BTC) flying. He gave a value goal for BTC of $500,000.
“Large crash coming. Despair attainable. Fed pressured to print billions in pretend cash.
By 2025, gold at $5,000 silver at $500 and Bitcoin at $500,000. Why? As a result of religion in US greenback, pretend cash, can be destroyed. Gold and Silver god’s cash. Bitcoin [is the] folks’s cash. Take care.”
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