Robert Kiyosaki is still bullish about bitcoin despite the collapse in crypto exchange FTX. He said that it was not possible to blame the cryptocurrency for the actions taken by former FTX CEO Sam BankmanFried.

Robert Kiyosaki Still Bullish about Bitcoin

Robert Kiyosaki (author of Rich Dad Poor Dad) discussed bitcoin and the FTX collapse with Mark Moss, a guest on Rich Dad Radio, which aired earlier in the week.

Rich Dad Poor Dad is a 1997 book co-authored by Kiyosaki and Sharon Lechter. The New York Times Best Seller List has had it for six years. More than 32 million copies of the book have been sold in over 51 languages across more than 109 countries. Moss is a radio host, and the author of Uncommunist Manifesto .

After listening to Moss describe the problems at FTX as well as numerous fraudulent actions allegedly perpetrated by Sam Bankman-Fried (SBF), Kiyosaki stressed:

I’m still bullish on bitcoin … Bitcoin is not the same as Sam Bankman-Fried. It’s not Bitcoin, it’s FTX.

Kiyosaki pointed out that bitcoin is not to blame for the collapse of FTX or Bankman-Fried. However, one cannot blame silver if the silver exchange-traded funds are mismanaged. He said that he has a lot of gold and silver but no silver or gold ETFs.

The famous author called FTX “one the greatest scams in history.” Additionally, he stated: “FTX was a Ponzi scheme where they relied upon funds from the next stupid investor to finance it.” Despite the FTX fiascos and subsequent crypto market selloffs, Kiyosaki reaffirmed:

Once again, ladies and gentlemen, I’m still in favor of bitcoin. It’s not something I oppose as many in my age group. I believe bitcoin is solid.

Kiyosaki also warned about the U.S. economic situation. He tweeted Friday: “The world’s economy is not a market. I believe (*] economy is the largest bubble in world history

The renowned author has cautioned on several occasions that stock, bond, and real estate markets are all crashing. He has urged investors to buy cryptocurrency now before the biggest crash in world history happens.

Last week, Kiyosaki similarly said that bitcoin isn’t the problem in the meltdown of FTX. Bankman-Fried was called the Bernie Madoff in crypto. He also recently clarified that he’s a bitcoin investor, not a trader, and he gets excited when BTC hits a new bottom.

What do you think about the comments by Robert Kiyosaki? Comment below to let us know your thoughts about Robert Kiyosaki’s comments.

Image Credits: Shutterstock, Pixabay, Wiki Commons

Disclaimer: This article is for informational purposes only. This article is not intended to be a solicitation or offer to buy or sell any products or services. Bitcoin.com does not provide investment, tax, legal, or accounting advice. The author and the company are not responsible for any loss or damage resulting from or in connection to the content, goods, or services discussed in this article.

Read More