- Robert Kiyosaki highlights Gresham’s and Metcalfe’s Laws as the secret sauce to Bitcoin’s brilliance. 🍖
- The U.S. government’s Bitcoin stash might just send demand soaring (or crash it… who knows?).
So, here’s the scoop: Robert Kiyosaki, that guy who wrote “Rich Dad Poor Dad” and probably has a few financial secrets up his sleeve, is all over Bitcoin. He says it’s the real deal—better than that “fake” U.S. dollar that’s been around forever. 🍩
Robert Kiyosaki on Bitcoin vs. the ‘Paper’ Dollar
In a recent post on X (yes, the artist formerly known as Twitter), Kiyosaki gave a big thumbs up to Bitcoin, pointing to two fancy laws—Gresham’s Law and Metcalfe’s Law—as the reason Bitcoin will be king. 👑
Now, Gresham’s Law—don’t worry, it’s not a law they teach in kindergarten—basically says that when bad money enters the system, good money runs for the hills. And according to Robert, “good money”—gold, silver, and of course, Bitcoin—has been hiding out while the “fake” U.S. dollar does its thing. 🏃♂️
“When BAD money enters a system, GOOD money goes into hiding. Good money—gold and silver—have been hiding from FAKE US dollars for years. Today, Gold, silver, and Bitcoin are forcing the fake US dollar into hiding.”
Kiyosaki is pretty certain that the U.S. dollar is on the decline because, well, inflation and money printing are kind of like that annoying neighbor who just keeps borrowing your lawn mower and never returns it. Meanwhile, Bitcoin, gold, and silver are now your reliable buddies, ready to take over the lawn-mower duties. 🌱
With history in his back pocket, Robert points out that gold and silver have been the “original Bitcoin” (well, without the digital part) for ages. These shiny metals were trusted in the past, and now, surprise, surprise, Bitcoin is joining the ranks. Who would’ve thought? 🤯
Kiyosaki Talks About Metcalfe’s Law (Fancy, Right?)
And then there’s Metcalfe’s Law. If you’ve never heard of it, don’t feel bad. But essentially, it says that a network’s value skyrockets as more people jump on board. So, Bitcoin’s user base keeps growing, and—surprise again—so does its value. And by the looks of it, Bitcoin’s going to need bigger pants soon because it’s getting pretty valuable. 👖
This decentralized “network effect” is exactly what’s pushing Bitcoin into the financial stratosphere. 🚀 It’s like the internet—remember when it was just a few geeks in a basement? Yeah, now look at it. Same with Bitcoin.
What’s Next for Bitcoin?
So, while Kiyosaki is out here getting all hyped about Bitcoin’s future, not everyone is convinced. David Solomon, the CEO of Goldman Sachs, thinks the U.S. dollar still reigns supreme. He’s not a fan of Bitcoin, calling it a speculative “toy” rather than a serious player. 🧸
But hey, Goldman Sachs is exploring blockchain tech, so…progress, right? Too bad they can’t own Bitcoin directly because of those pesky regulations. 🤷♂️
Meanwhile, Bitcoin’s market value is sitting pretty at $104,731.34 (at the time of writing, of course, which may change in 5 minutes). It’s gone up a tiny bit—by a whole 0.06%. Big deal, right? But hey, that’s still something. 🤑
And here’s where it gets extra juicy: President Trump (yep, that Trump) recently signed an executive order to start stockpiling digital assets. Guess what that could mean for Bitcoin? Yep, more demand. Maybe even the government decides to hop on the Bitcoin bandwagon. 🏎️
In fact, reports say the U.S. government is already holding about 198,000 BTC, worth roughly $20.71 billion. So, if they decide to add more to that pile, get ready for Bitcoin to rise faster than your stock portfolio during a bull market. 📈
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2025-01-27 10:19