Robert Kiyosaki slammed the Bitcoin ban statement of popular billionaire stock investor Charlie Munger.
Charlie Munger is a 99-year-old popular expert stock investor. He is vice chairman at Berkshire Hathaway. Munger is also a popular crypto-citric personality because in the past he passed many crypto-hater statements.
Around a week ago, Munger slammed the cryptocurrencies & lack of a regulation system. Stock billionaire investor suggest leaving the crypto sector without a regulation system & impose a federal ban.
On 18 Feb 2023, Robert Kiyosaki, a popular financial advisor & author of personal finance book “Rich Dad Poor Dad”, appeared in an interview with Stansberry Research.
In the interview, Kiyosaki slammed Munger’s bitcoin ban idea and said that he can support & advocate the stock & traditional finance system but he should not forget that the current young generation is in that phase where they have cryptocurrencies as a transparent accounting system, unlike stock assets.
“Charlie would probably still say buy stocks, but the reason I like cryptos, not Bitcoin, is because of blockchain, and blockchain is an accounting system. It’s more legitimate than the fed or the treasury or Wall Street, so Charlie Munger is in the FED treasury Wall Street crowd, and the younger generations, millennials and below, are in the iPhone crowd,” said Kiyosaki.
Kiyosaki is a popular Bitcoin supporter. In the past, many times he suggested people buy Bitcoin, Gold & Silver as the best investment assets.
On 17 Feb 2023, Kiyosaki explained that the Bitcoin trade price is highly volatile but people needed to understand that it is still the best asset under unstable situations, along with Gold & silver.