Robert Kiyosaki Says Bitcoin Becoming Stronger as Fed Keeps Printing Fake USD

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Thu, 05/28/2020 - 07:56
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Yuri Molchan
Robert Kiyosaki continues his pro-Bitcoin tirade, saying that BTC keeps getting stronger since it is out of the Fed’s control while it keeps printing ‘fake USD’
Robert Kiyosaki Says Bitcoin Becoming Stronger as Fed Keeps Printing Fake USD
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The investment guru and author of ‘Rich Dad, Poor Dad’, a book on financial competence, Robert Kiyosaki, has again been tweeting about Bitcoin, silver (XAG) and gold (XAU).

He insists that BTC and these precious metals are getting stronger while the Fed keeps printing new ‘fake USD’.

'Bitcoin is becoming stronger, harder, more real'

The renowned real-estate investor and investment educator has taken to social media again in order to address frequent questions about why he keeps tweeting about Bitcoin in a positive tone.

The answer here, he says, is that he does not trust the current actions of the US Fed Reserve, Wall Street and Treasury due to the continuous bailout program they have been conducting for banks and corporations.

He calls the trillions of newly printed USD fake and says that Bitcoin, XAU and XAG can be trusted since they cannot be controlled by the aforementioned financial organizations.

He says that the more ‘fake USD’ the Fed prints, the stronger Bitcoin, gold and silver become.

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Fed is purchasing corporate bonds, supporting Wall Street

Another issue Robert Kiyosaki has with the Fed is their program on buying bonds and ETFs that was announced earlier in May.

The ‘Rich Dad, Poor Dad’ author wrote that within just over a month, the Fed bought $560 bln worth of corporate bonds –  twice the normal level, he points out.

In the meantime, Kiyosaki says, small businesses and regular employees are going bankrupt.

Kiyosaki
Image via Twitter, @theRealKiyosaki

Kiyosaki criticized the Fed's initiative to purchase ETFs, saying that when Japan was doing the same back in the nineties to support its economy, the US found it ridiculous.

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About the author

Yuri is a crypto journalist interested in technology and technical innovations. He has been in crypto since 2017. Believes that blockchain and cryptocurrencies have a potential to transform the world in the future in many of its aspects. ‘Hodls’ major cryptocurrencies and has written for multiple crypto media outlets. 

His articles have been quoted by such crypto influencers as Tyler Winklevoss, John McAfee, CZ Binance, Max Keiser, etc.

Currently Yuri is a news writer at U.Today and can be contacted at yuri.molchan@u.today.