The author of the bestselling book “Rich Dad, Poor Dad” accused the US of supporting zombie companies and recommended investing in BTC as a defensive asset. Billionaire Kyuban and gold advocate Peter Schiff reveal what's wrong with cryptocurrency

The US Federal Reserve is dead, said Robert Kiyosaki, bestselling author of Rich Dad, Poor Dad. According to him, the US government has allocated $ 900 billion in financial support to zombie companies, and these funds will never be returned. Therefore, investors should buy protective assets such as gold, silver and bitcoin.

“The Fed is dead. Loans to heads of zombie companies cannot be repaid. In 2020, zombies must pay $ 900 billion. By 2021, zombie debt will exceed $ 1.6 trillion. Have you already bought gold, silver, bitcoin? ” Kiyosaki wrote in his Twitter account.


However, the billionaire and owner of the Dallas Mavericks basketball club, Mark Cuban, is less supportive of cryptocurrencies. He is sure that bitcoin is worse than bananas. Reason: Transactions in the BTC network are slow, and yet it cannot be eaten and received nutrients. Previously, Kuban said that an asset can never become a reliable currency, since it is too difficult to use, easy to crack and lose, it is difficult to understand and determine the value.


The head of Euro Pacific Capital and gold advocate Peter Schiff also have a negative look at the main digital asset. On his Twitter, he wrote that the price of bitcoin “is not even close” will not come close to its historical maximum of $ 20 thousand. And the precious metal, on the contrary, will set a new value record this year.
At the same time, Schiff admitted that he was very mistaken in not having bought $ 1 in BTC 8 years ago. In 2011, the eternal critic of the cryptocurrency made a report saying that he would prefer to invest $ 10 thousand in gold than in BTC, since it is not known what will happen to the latter in a few years. Since then, the coin has gone up by 900,000%.

On June 29, investor and entrepreneur Jason Kalakanis said that 99% of cryptocurrencies are garbage that was developed by unskilled idiots. The remaining 1% of the projects “inspire hope”. If these crypto start-ups have a product and users, perhaps they will change the world.