Renowned entrepreneur and investor Robert Kiyosaki recently shared his views on Bitcoin and gold, explaining why he considers them safer assets compared to fiat currency.
Robert Kiyosaki on Cryptocurrency
Robert Kiyosaki, the author of 'Rich Dad Poor Dad,' reiterated his stance on cryptocurrencies and precious metals. In a recent X post, he stated his preference for holding assets in Bitcoin and gold, considering them safer than fiat currencies like the US dollar.
User Reactions to Kiyosaki's Comments
Some users disagreed with Kiyosaki’s views. One user recommended considering Litecoin as a worthy investment, calling it 'digital silver,' as Kiyosaki has expressed his love for physical silver in earlier tweets. Another user pointed out that the main issue with Bitcoin is its ties to the US dollar, something Kiyosaki dislikes.
U.S. States Create Crypto Reserves
U.S. states are showing interest in cryptocurrencies and are starting to create their own reserves. For example, Utah became the first state to pass a law allowing public funds to be invested in crypto. Now, Kentucky and Maryland are developing their own plans for investing state funds in digital assets. Maryland has introduced a proposal to create a Bitcoin strategic reserve, while Kentucky is drafting bills allowing state retirement funds to invest in digital asset exchange-traded funds.
Robert Kiyosaki continues to adhere to strategies based on his belief in the strength of alternative assets like Bitcoin and gold. While opinions on his approach vary, some U.S. states are actively developing legislation to incorporate cryptocurrencies into their investment portfolios.
