“Bitcoin Revolution Will Be Bigger Than Gunpowder Revolution”
Despite the cryptocurrency market flashing red again as the price of Bitcoin (BTC) fell over 9% in the last 24 hours, the flagship decentralized finance (DeFi) has at least one vocal supporter in its corner.
Actually the author of the book on personal finance “Rich Dad, Poor Dad” Robert Kiyosaki, explained why he believes Bitcoin will be bigger than anything previously seen in an interview with Kitco News’ Michelle Makori posted on September 14th.
As it happens, Kiyosaki wrote in his second book, “The Capitalist Manifesto”that “the Bitcoin revolution will be bigger than the gunpowder revolution,” referring to the invention of gunpowder and its dramatic and critical impact on humanity and its affairs.
Bitcoin as the great accountant?
Explaining his position, he referred to Bitcoin as an “auditor” needed as a way to audit the Fed, which he considers a Marxist organization “because it is a central bank” and to “fight back.” As he opined:
“The young people coming up today, they want blockchain because we need an auditor. (…) Say I’m playing against you [in the Cashflow Board Game], and you make a move. I need to revise your statement – that’s what blockchain does.”
Kiyosaki and his wife created the Cashflow Board Game back in 1996 as an interactive tool created following lessons from “Rich Dad, Poor Dad”to teach financial education that “we have to fight back.”
“Profit when you buy, not when you sell”
In June, Kiyosaki published a chirping calls for the bottom of Bitcoin to test $1,100, saying he was waiting for this bottom and that “if it recovers, I’ll buy more. If it doesn’t, I’ll wait for losers to ‘capitulate’ and quit and buy more.
He explained his point of view in the interview, saying:
“I’m very bullish and bullish on blockchain. If Bitcoin goes down to $1,000, I’ll back up the truck. But if it goes to $25,000 [I’m] won’t buy anymore. So you profit when you buy, not when you sell.”
It’s worth mentioning that earlier in July, Kiyosaki warned people to be proactive and not “bury their heads in the sand,” noting that millennials were into instant gratification and finding it with crypto, as Finbold reported.
Meanwhile, Bitcoin was trading at $20,357 at press time, down 9.03% on the day but still up 8.31% over the past seven days, with a market cap of $389.96 billion, according to data sourced from CoinMarketCap.
See the full interview below:
Featured image via Cavaleria Com YouTube
