- Oct 15, 2019
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Robert Kiyosaki, the author of the bestseller Rich Dad Poor Dad, has taken a somewhat reserved stance on Bitcoin’s ongoing feud with the Fed. The author whose book generated a revenue of about $80 million after reportedly selling over 32 million copies made certain remarks on Bitcoin’s battle with the Fed's Territory on October 22 during an interview with Bloomberg.
The David And The Goliath Battle
Kiyosaki has courted controversies in the past. Although his bestseller has acquired the status of one of the best personal finance books ever written, he has also been embroiled in several scandals. The most notable of these was the bankruptcy filing of his financial education firm in 2012.
During the interview, Kiyosaki reiterated his belief in investing assets such as oil, gold, and real estate. When asked about his take on the new asset classes, he said that he found it incredible for Bitcoin to take on the Fed's Territory and messing into their territory. He likened the situation to a hypothetical event of he taking on the McDonalds.