Does Robert Kiyosaki believe in Bitcoin?
Robert Kiyosaki, known for his investing advice and his “Rich Dad Poor Dad” series of personal finance books, has taken to social media again to alert investors about what he thinks they should be doing: investing in gold, silver and bitcoin.
Kiyosaki also acknowledged concerns about bitcoin being a scam or a Ponzi scheme. However, he downplayed those fears, arguing that “bitcoin is not any more of a scam or a Ponzi scheme than the U.S. dollar, euro, yen, or any other 'fake' or fiat currency.”
Bitcoin was the first cryptocurrency created and is now the most valuable and well known. It was launched in January 2009 by a computer programmer – or group of programmers – using the pseudonym Satoshi Nakamoto. Nakamoto's actual identity has never been verified.
Over the past few years, Robert Kiyosaki, author of the best-selling personal finance book Rich Dad Poor Dad, has become a strong advocate of Bitcoin (BTC -3.35%) as a potential path to "rich dad" status.
No matter how high the price of Bitcoin goes there will only be 21 million ever. That's why I love Bitcoin." Kiyosaki's main argument in the post revolves around the supply of Bitcoin. With other assets, such as stocks, gold and oil, the supply can constantly change based on market conditions and human involvement.
According to data from Bitinfocharts, as of March 2023, there are approximately 827,000 addresses that hold 1 bitcoin or more, representing around 4.5% of all addresses on the Bitcoin network.
Bitcoin was created by an anonymous person or group using the pseudonym Satoshi Nakamoto. Nakamoto published a whitepaper titled "Bitcoin: A Peer-to-Peer Electronic Cash System," outlining the concept of a decentralized digital currency.1 The true identity of Satoshi Nakamoto remains unknown to this day.
Robert Kiyosaki currently owns 66 Bitcoins and the author says that he could make a fortune with it. “I'm going to make a fortune. I only have 66 Bitcoin – it's not many – but when they opened up the market to the ETF, now tons of retirement money goes into it,” he said last year.
Bitcoin accounts for more than half of crypto-millionaires fortunes while 72 of the centi-millionaires and six of the crypto-billionaires made their fortunes from trading Bitcoin. However, these fortunes may be at risk, leading to these super-wealthy individuals seeking assistance to protect their digital currencies.
What does Dave Ramsey think about cryptocurrency?
In fact, he described it as “downright mysterious,” as well as a very volatile investment that could easily rise either 300% in a year or see the bottom drop out. So now it seems that Dave has made it clear to NOT invest in cryptocurrency due to concerns about: it being a volatile asset. lack of regulation.
The Bottom Line. Like all forms of currency, Bitcoin is given value by its users, supply and demand. As long as it maintains the attributes associated with money and there is demand for it, it will remain a means of exchange, a store of value, and another way for investors to speculate, regardless of its monetary value ...
Tying your cash up in assets reduces your purchasing power, but Kiyosaki and Rule say gold is extremely liquid. If gold prices go up, you have an asset that you can quickly convert into cash in the face of economic uncertainties.
In July 2017, mining pool ViaBTC proposed the name Bitcoin Cash. In July 2017 Roger Ver and others stated they felt that adopting BIP 91 (that would later activate SegWit) favored people who wanted to treat Bitcoin as a digital investment rather than as a transactional currency.
Edelman stresses that bitcoin is highly speculative, with a history of volatility, but he believes its potential makes it appropriate for a long-term portfolio, provided that investors limit it to 1% to 5%. "The risks are high, and if it fails, a low single-digit allocation won't cause material harm," he said.
| USD | BTC |
|---|---|
| 20 USD | 0.00028634 BTC |
| 50 USD | 0.00071586 BTC |
| 100 USD | 0.00143172 BTC |
| 200 USD | 0.00286344 BTC |
| BTC | 1 | 100 |
|---|---|---|
| USD | $ 70.60 k | $ 7.06 base#millionprefix |
Bitcoin is a risky investment with high volatility, and generally should be considered only if you have a high risk tolerance, are in a strong financial position already and can afford to lose some or all of your investment.
Key Takeaways. There are 88,200 crypto millionaires worldwide. 40,500 of these millionaires have amassed their fortune in Bitcoin (BTC).
Most people don't own any. There are (right as this moment) just under 19,000,000 BTC in existence. There are around 330,000,000 USA citizens and around 7,500,000,000 people in the world. That works out to less than 0.06 bitcoin per person in the USA and about 0.0025 bitcoin per human.
Did CIA create Bitcoin?
No Solid Evidence: Apart from circ*mstantial observations, there's no direct evidence linking the CIA to Bitcoin's creation.
After sending a few cryptic emails stating he "may not be around," Nakamoto went silent and has not been heard from since early 2011. Why did Nakamoto disappear? Some have speculated that he may have taken his own life.
Holding a million bitcoins places Nakamoto's net worth at approximately $51.56 billion. Furthermore, were Nakamoto to be ranked on the Forbes Real-Time Billionaires list, the creator of Bitcoin would stand as the 26th richest individual globally.
The main reason Marx would support Bitcoin is because the decentralized aspects of socialism is quite reflective in nature to Bitcoin's use of blockchain. As previously mentioned, Bitcoin was created in a way where there was no need for a central authority.
Satoshi Nakamoto is the name used by the presumed pseudonymous person or persons who developed Bitcoin, authored the Bitcoin white paper, and created and deployed Bitcoin's original reference implementation.
