Robert Kiyosaki, author of the Rich Dad Poor Dad series, highlighted two key economic principles that give Bitcoin (BTC) power over the US dollar: Gresham’s and Metcalfe’s.
Furthermore, Kiyosaki predicted an upcoming stock market crash in February 2025, which could trigger a surge in Bitcoin’s value.
Robert Kiyosaki: Laws that Give Bitcoin Power
Gresham’s law, a principle in monetary economics, asserts that “when bad money enters a system, good money goes into hiding.” According to Kiyosaki, this concept has played out for years with precious metals like gold and silver.
These “good monies” have long been overshadowed by what he describes as “fake” US dollars. Now, he argues that Bitcoin has joined gold and silver as modern-day “good money.”
“Today, Gold, silver, and Bitcoin are forcing the fake US dollar into hiding,” Kiyosaki posted.
The author’s perspective aligns with a growing sentiment among Bitcoin advocates who see the cryptocurrency as a hedge against inflation and a store of value. Previously, Arthur Hayes, former CEO of BitMEX, also argued that rising inflation drives up the demand for Bitcoin as investors look for safe-haven assets.
The second law Kiyosaki referenced was Metcalfe’s Law. This principle suggests that a network’s value is proportional to the square of its number of users.
Drawing parallels to franchises like McDonald’s and network marketing’s global reach, Kiyosaki explained that Bitcoin’s power lies in its expanding network of users and adopters.
“Network Marketing, which I endorse, has more power than small business entrepreneurs for the same reason,” he stated.
In addition, Kiyosaki drew attention to his success with global distribution networks for his books and products as an example of leveraging Metcalfe’s Law.
Kiyosaki Predicts Stock Market Crash
Meanwhile, the author revisited a prediction from his 2013 book Rich Dad’s Prophecy in another post. In the book, Kiyosaki warned about what he called the “biggest stock market crash in history.” Now, he has come up with a specific timeline.
“That crash will be in February 2025,” the post read.
Nonetheless, Kiyosaki added that this can cause people to shift to cryptocurrency. He believes billions of dollars will flow into Bitcoin, gold, and silver from stock and bond markets. If that happens, Bitcoin will likely experience a substantial price surge.
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