Finest-selling creator 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 switch the nationwide foreign money was like “attempting to switch the nationwide air.”
Munger additionally stated 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 previous man like me. We’re about the identical age… We’re in the identical class.
Once I wrote this e book right here ‘Who Stole My Pension?,’ my concern right here was that the Boomers are the most important technology 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, just isn’t 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 Road. So Charlie Munger is within the Fed/Treasury/Wall Road crowd, and the youthful generations, millennials and under, are within the iPhone crowd.
[The iPhone] is probably the most highly effective software I’ve ever seen. I nonetheless don’t know how one can use it as a result of I’m an previous 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 will be achieved. So the youthful technology is on this factor, whereas Charlie Munger is on the Fed, Treasury and Wall Road.”
Kiyosaki just lately predicted that by 2025, the financial system might be in a melancholy that sends gold, silver and Bitcoin (BTC) flying. He gave a value goal for BTC of $500,000.
“Large crash coming. Despair potential. Fed pressured 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, might be destroyed. Gold and Silver god’s cash. Bitcoin [is the] individuals’s cash. Take care.”
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