April 23, 2024

Robert Kiyosaki: “Cryptocurrencies are invading the Fed”

American entrepreneur and writer Robert Kiyosaki, known throughout the world for his series of books oninvesting, shared his opinion regarding investments in new asset classes, including cryptocurrencies.

“Cryptocurrencies, including Bitcoin, seem to meextremely interesting. They took aim at the Fed, one of the most powerful financial institutions in the world. And they climb into his territory,” — he stated.

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

"If you're young enough and you like theseassets, this could be an interesting investment opportunity for you. I think it's 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.

“There are quite a lot of cryptocurrencies and,perhaps some of them are something acceptable. But, in my opinion, very few people use Bitcoin, as evidenced by the small number of transactions. Moreover, many of them are illegal,” — she declared.

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 whether it has such value. I don’t see her,” — he said.