Bitcoin

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 <p class="paragraph">One of the biggest and most vocal bulls for Bitcoin (BTC) and commodities like gold and silver, and one of the biggest and most vocal bears for other traditional investments and – even more notably – conventional money, has for years been Robert Kiyosaki, a prominent investor and author of the best-selling personal finance book “<em>Rich Dad Poor Dad</em>.”</p>
 <p class="paragraph">This year, Bitcoin has given Kiyosaki many reasons to celebrate and at few points as much as on February 28 when the world’s foremost cryptocurrency continued its rapid surge – started only days earlier – and crossed the $60,000 threshold for the first time since 2021.</p>
 <p class="paragraph">Indeed, the “<em>Rich Dad Poor Dad</em>” author took to X to celebrate the 5-day, $11,000 Bitcoin climb by thanking the coin for doing what he describes as its job – for <a rel="noopener noreferrer nofollow" title="‘kicking" href="https://thebittimes.com/tag/kicking.html">‘kicking</a> the fake US <a rel="noopener noreferrer nofollow" title="dollar’" href="https://thebittimes.com/tag/dollar.html">dollar’</a>s butt.’</p>
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   <svg width="32" height="32" viewbox="0 0 32 32" fill="none" xmlns="//www.w3.org/2000/svg"><path d="M4 10.6665V25.3332C4 28.2678 6.392 29.3332 8 29.3332H28V26.6665H8.016C7.4 26.6505 6.66667 26.4078 6.66667 25.3332C6.66667 24.2585 7.4 24.0158 8.016 23.9998H28V5.33317C28 3.8625 26.804 2.6665 25.3333 2.6665H8C6.392 2.6665 4 3.73184 4 6.6665V10.6665ZM8 5.33317H25.3333V21.3332H6.66667V6.6665C6.66667 5.59184 7.4 5.34917 8 5.33317Z" fill="#EF4444"> 
    </path> <path d="M15.996 18.6668L20.4626 14.2815C20.738 14.0166 20.9571 13.6989 21.1068 13.3473C21.2564 12.9957 21.3336 12.6176 21.3336 12.2355C21.3336 11.8534 21.2564 11.4752 21.1068 11.1236C20.9571 10.7721 20.738 10.4543 20.4626 10.1895C19.9074 9.64148 19.1587 9.33422 18.3786 9.33422C17.5985 9.33422 16.8498 9.64148 16.2946 10.1895L15.996 10.4801L15.6973 10.1881C15.1423 9.64023 14.3938 9.33301 13.614 9.33301C12.8341 9.33301 12.0856 9.64023 11.5306 10.1881C11.2552 10.453 11.0361 10.7707 10.8865 11.1223C10.7368 11.4739 10.6597 11.852 10.6597 12.2341C10.6597 12.6162 10.7368 12.9944 10.8865 13.346C11.0361 13.6975 11.2552 14.0153 11.5306 14.2801L15.996 18.6668Z" fill="#EF4444"> 
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   </svg> Picked for you</h3>
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    <p lang="en" dir="ltr">Thank you BITCOiN for doing your job….<a rel="noopener noreferrer nofollow" title="kicking" href="https://thebittimes.com/tag/kicking.html">kicking</a> the fake US <a rel="noopener noreferrer nofollow" title="dollar’" href="https://thebittimes.com/tag/dollar.html">dollar’</a>s butt and bringing integrity back to money.</p>— Robert Kiyosaki (@theRealKiyosaki) February 29, 2024
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 <h2 class="wp-block-heading" id="h-kiyosaki-praises-bitcoin-for-bringing-integrity-back-to-money">Kiyosaki praises Bitcoin for ‘bringing integrity back to money’</h2>
 <p class="paragraph">In the same post, Kiyosaki also expressed his happiness that Bitcoin is – in his opinion – returning integrity to money.</p>
 <p class="paragraph">Along with many others, Kiyosaki is a harsh critic of the monetary system created by the abandoning of the Bretton Woods agreement in 1971 – an event that ended the long-standing practice of having national currencies be backed by hard assets like gold – and has been calling money arising from the current practices “fake.”</p>
 <p class="paragraph">Bitcoin, on the other hand, is considered by the post-Bretton Woods world critics to be a better option as it has a finite supply and is, in some ways, backed by.</p>
 <p class="paragraph">Still, it is noteworthy that not all economists believe that the Bretton Woods system was better, nor do all the current system’s critics believe a return to the gold standard would be the right move.</p>
 <h2 class="wp-block-heading" id="h-bitcoin-price-chart">Bitcoin price chart</h2>
 <p class="paragraph">While the debate on Bitcoin’s use as a better form of money is ongoing and can, in earnest, only be proven upon broader adoption, it is indisputable that the cryptocurrency has been doing exceptionally well in recent months.&nbsp;</p>
 <p class="paragraph">Already in the final quarter of 2023, BTC entered into a significant rally and the coin is 164.79% in the green in the last 52 weeks.&nbsp;</p>
 <p class="paragraph">In 2024, Bitcoin has been doing equally well – barring a short yet significant drop that affected the entire crypto market in the wake of the approval of the U.S.’ first-ever spot BTC exchange-traded funds (ETFs) – and is up 41.66%.</p>
 <p class="paragraph">Still, arguably, the most impressive and exciting development occurred in the period that started on February 26, as it saw Bitcoin surge more than $10,000 – 21.34% in a mere 5 days.</p>
 <figure class="wp-block-image"><img decoding="async" src="https://thebittimes.com/image/getimage/?url=https://lh7-us.googleusercontent.com/OzgkFXE0pbwLSjIG_kbMUQFdQvVm85_UDFgdt_V2r29xpBTOBwXtPrNXgK6hFr8tdHutL9qPVWhIztaLkmNtuuLwM_W5utiMhmsBmkpdRgVuHd8jPTRPXuV171a0JX2TETCE1bUuSAvz7Mkq-zpmUnM" alt>
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 <p class="paragraph">The last 24 hours of trading also offer no hint of a slowdown for the world’s foremost cryptocurrency as Bitcoin price today increased another 5.96% – $3,527 – in the time frame.</p>
 <p class="paragraph"><strong><em>Disclaimer</em></strong><em>: The content on this site should not be considered investment advice. Investing is speculative. When investing, your capital is at risk.</em></p>
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<p>Source: <a rel="noopener noreferrer nofollow" target="_blank" href="https://thebittimes.com/rich-dad-r-kiyosaki-lauds-bitcoin-for-kicking-the-fake-us-dollar-s-butt-tbt81141.html">https://thebittimes.com/rich-dad-r-kiyosaki-lauds-bitcoin-for-kicking-the-fake-us-dollar-s-butt-tbt81141.html</a></p>

‘Rich Dad’ R. Kiyosaki lauds Bitcoin for ‘kicking the fake US dollar’s butt’

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