He also elaborated on why he loves Bitcoin.
For this reason, he says, he loves “Bitcoin and life”, since it takes money getting scarce and expensive to make “the price of life and the abundances of life” also high. And only for the wealthy people, he adds, but for everyone. Therefore, the entrepreneur explains, he supports “The Bitcoin Standard of life.”
“I vote for “The Bitcoin Standard,” Kiyosaki concludes his message to the crypto community.
The community responded eagerly to that tweet in the comments, sharing their excitement about “The Bitcoin Standard” and their support for it: “Live life the Bitcoin way.” “To the bitcoin standard!” “The Bitcoin Standard empowers the masses while the elite cling to their fading power.”
Here he hinted at the Fed Reserve’s constant money printing over the past four years. In his multiple tweets since 2020, when the world got hit by the pandemic, Kiyosaki has been slamming the Fed and the US government for printing “fake” dollars not backed by anything. He endorsed Bitcoin as quite an opposite asset strictly limited to 21 million coins and also wrote about the halving before it took place in April this year as of a crucial event for BTC and its investors/users.
This deflationary mechanism once again clicked on April 20 this year, making Bitcoin even more scarce as it slashed miner block rewards by half – from 6.25 BTC to 3.125 BTC.
However, Kiyosaki said he would never buy a Bitcoin ETF, only BTC directly.
This article was originally published on U.Today
Source: Cryptocurrency - investing.com
