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Rich Dad Radio Show: In-Your-Face Advice on Investing, Personal Finance, & Starting a Business

Crypto Expert Predicts Bitcoin Will Hit 100k: Making the Case for People’s Money

Rich Dad Radio Show: In-Your-Face Advice on Investing, Personal Finance, & Starting a Business

The Rich Dad Company

Entrepreneurship, Business, Investing

4.13.9K Ratings

🗓️ 8 July 2020

⏱️ 32 minutes

🧾️ Download transcript

Summary

Bitcoin and other cryptocurrencies are now challenging the hegemony of the U.S. dollar and other fiat currencies.
In May 2020, a historic event cut the daily incoming supply of Bitcoin from 1800 Bitcoin per day to 900 Bitcoin per day—a sort of quantitative hardening—opposite of what the Fed is doing by printing trillions of dollars. Central banks, in simplest terms, create money out of nothing. They create “fake money” and loan it to governments.
Bitcoin, on the other hand, is completely decentralized meaning that nobody can manipulate the market and there is not any single point of failure. It will be interesting to see how long the Central Banks will tolerate the competition from cyber money before there is a showdown.
Host Robert Kiyosaki and guest Anthony Pompliano examine the value of Bitcoin in the current economy and how it may create a quasi gold standard.

The Pomp Podcast: https://anthonypompliano.com/
An Open Letter to Ray Dalio: https://youtu.be/i0N9qj4gjmg
Learn more about your ad choices. Visit megaphone.fm/adchoices

Transcript

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0:00.0

this is the rich dad radio show the good news and bad news about money

0:07.0

here's Robert Kiyosaki

0:09.6

hello hello Robert Kiyosaki the rich dad radio show the good news and bad news

0:13.0

about money

0:13.8

uh... Kim's not going to show this morning because she's on a call to London

0:18.4

and

0:19.4

you know keep those dollars keep rolling back into rich dad

0:22.8

but anyway we have uh... i think

0:25.1

and all the shows are important

0:27.4

but i have a very important show today

0:30.2

and it's about

0:32.0

and my book fake

0:33.4

i talked about there was god's money which is golden silver

0:37.3

and then people's money which is bitcoin or cyber crypto currencies

0:41.6

and i really think it's important especially all guys like me to understand

0:45.1

the crypto world because that's the world that's coming into view right now

0:49.9

and i was real estate and goal guys are kind of being faced out

0:53.5

so we've had them as a guest before it's Anthony pop leano

0:57.5

he goes by pop i call him and to me

1:00.5

and he has one of the most fantastic shows

1:03.7

going and the reason is fantastic

1:06.4

is he explains the world of crypto better than anybody i've heard

...

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