December 2, 2022

Robert Kiyosaki: “Cryptocurrencies are invading the Fed”

American entrepreneur and writer Robert Kiyosaki, known worldwide for his series of books on investing, shared his opinion regarding investments in new asset classes, including cryptocurrencies.

“Cryptocurrencies, including Bitcoin, seem extremely interesting to me. They swung at the Fed - one of the most powerful financial institutions in the world. And they climb into its territory, ”he said.

However, Kiyosaki is in no hurry to buy cryptocurrencies, recognizing that he does not understand their technical side.

“If you are young enough and you like theseassets, this can be an interesting investment opportunity for you. I think that now is an exciting time. Invest in what you like, ”he says.

About a year ago, the former head of the Fed, Janet Yellen, noted that she was not impressed with bitcoin.

“Cryptocurrencies exist quite a lot and,perhaps some of them are something acceptable. But, in my opinion, extremely few people use bitcoin, as evidenced by the small number of transactions. And many of them are illegal, ”she said.

Economist Alan Greenspan, who served as Fed Chairman for over 18 years, long before Yellen, is also critical of cryptocurrencies.

“Bitcoin must have intrinsic value. You will have to work hard to imagine if he has such value. I don’t see her, ”he said.