Robert Kiyosaki names the main reason for the bitcoin collapse

American entrepreneur and author of the book «Rich Dad, Poor Dad» Robert Kiyosaki explained his vision of the recent decline of bitcoin BTC $82,930.15 Bitcoin -1.50% Market capitalization $1.65 trillion VOL. 24 hours $0.89 billion . He believes that the reason is not the volatility of the cryptocurrency itself, but the general financial instability in the world. Despite the decline in the BTC rate to $ 82,256, Kiyosaki does not change his position and continues to buy bitcoin.

According to the entrepreneur, the main threat to the US financial system is the huge public debt, which, together with social programs and obligations, has exceeded $ 230 trillion. If countries such as Japan and China stop buying US bonds, inflation will rise sharply, which could lead to a dollar collapse.

Kiyosaki directly blames the US financial system for the crisis, calling banks «criminal» and US bonds a «joke.» He believes that bitcoin is «honest money,» so he uses every drop in the exchange rate to increase his holdings of BTC, gold, and silver.

Earlier, Kiyosaki has already warned about the global economic crisis, which, in his opinion, will inevitably hit all markets, including bitcoin. Nevertheless, he is convinced that the former will recover faster than other assets, so he remains its supporter even during sharp fluctuations in the exchange rate.