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Tucker Carlson

Cryptocurrency

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 <p class="paragraph">Best-selling <a rel="noopener noreferrer nofollow" title="author" href="https://thebittimes.com/tag/author.html">author</a> Nassim Nicholas Taleb, renowned for his book ‘Black Swan,’ has taken issue with the views expressed by financial commentator Robert Kiyosaki and broadcaster Tucker Carlson regarding the diminishing purchasing power of the U.S. dollar.</p> 
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 <p class="paragraph">Taleb’s critical remarks shared via an X (formerly Twitter) post on September 28 were prompted by a prior statement from precious metals dealer Lear Capital. In their statement, Lear Capital asserted that Kiyosaki and Carlson concurred on the swift erosion of the dollar’s value over the last 50 years.&nbsp;</p> 
 <p class="paragraph">In the post, Lear Capital asserted that Kiyosaki’s views on the dollar prompted his recommendation to invest in gold and silver.</p> 
 <p class="paragraph">Taleb countered by referencing historical data, which he argued demonstrates the dollar’s resilience compared to gold and silver, even during periods of substantial economic turmoil.</p> 
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  <p class="paragraph">“BS BUSTING. Tucker Carlson and Kiyosaki should consult a screen before <a rel="noopener noreferrer nofollow" title="bullshitting" href="https://thebittimes.com/tag/bullshitting.html">bullshitting</a> about financial matters. The dollar has been more stable ag. gold/silver than past history and past 50 years saw TONS of turmoil, partic. 1979-81.[Infl. adjusted gold],” Taleb said.&nbsp;</p> 
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 <h2 class="wp-block-heading" id="h-kiyosaki-s-criticism-of-the-dollar">Kiyosaki’s criticism of the dollar&nbsp;</h2> 
 <p class="paragraph">Notably, in recent months, Kiyosaki, the <a rel="noopener noreferrer nofollow" title="author" href="https://thebittimes.com/tag/author.html">author</a> of the best-selling personal <a rel="noopener noreferrer nofollow" title="finance" href="https://thebittimes.com/tag/finance.html">finance</a> book <em>‘Rich Dad Poor Dad,’</em> also perceives the present as an opportune moment to reduce exposure to the U.S. dollar, especially in anticipation of the rumored launch of a gold-backed currency by the BRICS nations.&nbsp;</p> 
 <p class="paragraph">Additionally, he has offered forecasts indicating that gold could reach $5,000, silver might touch $500, and Bitcoin could soar to $500,000.</p> 
 <p class="paragraph">It’s important to highlight that Kiyosaki has been a prominent advocate for alternative investments, such as Bitcoin (BTC), gold, and silver, consistently expressing doubts about the long-term stability of the U.S. dollar.</p> 
 <p class="paragraph">While Kiyosaki maintains an optimistic outlook on Bitcoin’s future, he has also suggested that the digital currency faces potential challenges if the Federal Reserve successfully implements a central bank digital currency (CBDC). He noted that a similar effect might occur in gold and silver.&nbsp;</p> 
 <h2 class="wp-block-heading" id="h-bitcoin-s-potential">Bitcoin’s potential</h2> 
 <p class="paragraph">Nevertheless, Kiyosaki remains steadfast in his belief that cryptocurrencies represent the future, contrasting them with fiat currencies, which he labels as ‘fake.’ He envisions Bitcoin potentially reaching a valuation of $120,000 in 2024, driven by increased adoption.</p> 
 <p class="paragraph">Taleb’s recent critique of Kiyosaki’s stance on the U.S. dollar’s purchasing power underscores a significant point of contention within the financial community. While some experts argue that the dollar is losing value due to inflationary pressures, others maintain that it has displayed relative stability compared to historical fluctuations.</p> 
 <p class="paragraph">Inflation concerns have gained prominence in recent years, partially attributed to government stimulus initiatives and expansionary monetary policies. Consequently, alternative assets like gold and silver are being viewed as a means to hedge against potential currency devaluation.&nbsp;</p> 
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<p>Source: <a rel="noopener noreferrer nofollow" target="_blank" href="https://thebittimes.com/black-swan-author-kiyosaki-should-stop-bullshitting-about-finance-tbt64672.html">https://thebittimes.com/black-swan-author-kiyosaki-should-stop-bullshitting-about-finance-tbt64672.html</a></p>

‘Black Swan’ author: Kiyosaki should ‘stop bullshitting’ about finance

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