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 exchange the nationwide forex was like “attempting to exchange 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 business to proceed working.
In response, Kiyosaki says,
“Charlie Munger’s an previous man like me. We’re about the identical age… We’re in the identical class.
Once I wrote this ebook right here ‘Who Stole My Pension?,’ my concern right here was that the Boomers are the largest era in historical past. And when their pensions go, it’s going to suck money out of the inventory market. So Charlie will nonetheless most likely say ‘Purchase shares.’ However the cause I like crypto, shouldn’t be due to Bitcoin, it’s due to blockchain, and blockchain is an accounting system. It’s extra professional 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 under, are within the iPhone crowd.
[The iPhone] is probably the most highly effective instrument I’ve ever seen. I nonetheless don’t know the way to use it as a result of I’m an previous man. However this factor right here is probably the most highly effective instrument I’ve ever seen in historical past. There are extra instruments coming, however this factor right here, this iPhone, I can name anyone on the earth, like that. It’s superb what will be carried out. So the youthful era is on this factor, whereas Charlie Munger is on the Fed, Treasury and Wall Avenue.”
Kiyosaki lately predicted that by 2025, the financial system will probably be in a melancholy that sends gold, silver and Bitcoin (BTC) flying. He gave a worth goal for BTC of $500,000.
“Large crash coming. Despair potential. Fed compelled to print billions in faux cash.
By 2025, gold at $5,000 silver at $500 and Bitcoin at $500,000. Why? As a result of religion in US greenback, faux cash, will probably be destroyed. Gold and Silver god’s cash. Bitcoin [is the] individuals’s cash. Take care.”
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