‘Rich Dad’ author Robert Kiyosaki remains positive on Bitcoin and Ethereum despite the FTX issue


Robert Kiyosaki, author of the personal finance book “Rich Dad, Poor Dad,” is still optimistic about the top two digital assets by market capitalization, even if the cryptocurrency market is still experiencing the repercussions of the major crisis caused by the crypto trading site FTX.

Indeed, Kiyosaki said in an interview with iHeart radio presenter and ‘Uncommunist Manifesto’ author Mark Moss, published on November 21, that he did not believe FTX to be indicative of the whole cryptocurrency business.

He specifically stated: “I remain positive on Bitcoin, but silver and the silver ETF are not the same things. Bitcoin is distinct from Sam Bankman-Fried. (…) “FTX is the source of the issue.”

According to Kiyosaki, many individuals in his age group are avoiding crypto, particularly after the current crisis, but he remains optimistic:

“I continue to support Bitcoin. I am not as opposed to Bitcoin as many people in my genre and age bracket are, since I believe it to be reliable. Actually, I’m more interested in blockchain, and I own Ethereum.”

As a reminder, the widespread turmoil in the cryptocurrency market began when Sam Bankman-cryptocurrency Fried’s exchange blocked customer withdrawals due to a liquidity shortage. In the ensuing upheaval, the value of the majority of decentralized finance (DeFi) assets, including BTC and ETH, fell dramatically.

At the time of publication, Bitcoin was exchanging hands around $15,699, breaching the last support at $15,800 and losing 2.07% on the day and 7.13% over the previous week.

The current price indicates a total loss of 18.19% on Bitcoin’s monthly chart, while its market value stands at $301.7 billion, according to data gathered on November 22 from Finbold and CoinMarketCap.

In the meanwhile, Kiyosaki has remained one of the most outspoken proponents of cryptocurrencies, notably Bitcoin (BTC), which he confirmed in an interview he had acquired for about $6,000 and was still holding.

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