"Rich Dad, Poor Dad" author remains bullish on Bitcoin, but he doesn't rule out that the price of #Bitcoin could still go to zeroon the X social media platform, controversial investment guru Robert Kiyosaki, who is best known as the author of"Rich Dad, Poor Dad," did not rule out that Bitcoin, the flagship cryptocurrency, could be a scam and a Ponzi scheme.
Kiyosaki has also acknowledged that the price of Bitcoin could eventually go to zero, but he has also said that the same applies to fiat currencies. According to his latest post, his optimism stems from Metcalfe’s Law, which many see as a model of value for Bitcoin. The law, which focuses on network effects, posits that the value of a certain network increases with the number of its users.
Kiyosaki predicts that most of the cryptocurrency tokens that come off of the Ethereum platform will die because they lack a strong network."That would like you belonging to a cell phone network with only you," Kiyosaki noted. The entrepreneur claims that he sees Bitcoin as"the perfect asset at the right time." Kiyosaki regrets not buying more Bitcoin earlier at lower prices. Alex Dovbnya is a cryptocurrency expert, trader and journalist with extensive experience of covering everything related to the burgeoning industry — from price analysis to Blockchain disruption. Alex authored more than 1,000 stories for U.Today, CryptoComes and other fintech media outlets.
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