Sunday, June 4, 2023
  • Home
  • TechBooky
  • Business
  • TV
  • Startup
TechBooky Africa
  • Home
  • TechBooky
  • Business
  • TV
  • Startup
  • Fintech/Finance
  • Login
No Result
View All Result
TechBooky Africa
Home Cryptocurrency

The World Famous Finance Book Author, R. Kiyosaki Encourages Earthlings To Embrace The Crypto Market.

Kiyosaki used his podcast channel to preach about financial inclusion themed “Bitcoin is ‘people’s money,’ while Gold – ‘god’s money.”

Eni by Eni
March 24, 2022
in Cryptocurrency
0

The world-famous author and business specialist, Robert Kiyosaki, shares insights about the lucrative crypto market via his podcast channel, Rich Dad. The directives Kiyosaki highlights are related to the insights he narrated in his flagship novel “Rich Dad Poor Dad” that brought his authorship career to the limelight.

Related posts

Zimbabwe

The IMF Panics As Zimbabwe Adopts Cryptocurrency.

May 10, 2023
Crypto phishing scam

What Is A Crypto Phishing Scam & How To Detect A Crypto Phishing Scam.

May 9, 2023

The insights Kiyosaki highlighted focused on how investors can maneuver debt to maximize wealth trading digital coins. The Rich Dad Channel hosted by Kiyosaki analyzes how the crypto market is decentralized and manages to integrate macroeconomics paired with technology to exhibit financial inclusion for available earthlings.

Kiyosaki featured Jeff Wang and other cryptocurrency specialists on the Rich Dad Channel to discuss the lucrative cryptocurrency business and its decentralized charisma. The significant feature of the Blockchain network function without a limit nor is controlled by federal regulations endorsed by governments or individuals.

Kiyosaki and his guests debated about available tokens or digital currencies and assets in the decentralized Blockchain network. Bitcoin remains the flagship token amongst various other tokens such as Ethereum, Dodge, Solana, e-Naira, Litecoin, Ripple, Gala, Tron, etc. All the voices discussing the Cryptocurrency market supported Bitcoin’s response to having faced iterative turmoil and resurged above the least $40,000.

Recall, Bitcoin has reportedly spiked above half a hundred dollars and maintained that position for a long time. Lately, the decentralized Blockchain and its network of tokens have faltered due to regional regulators’ indulgence to discover the Blockchain loopholes and control every transaction which has been an impossible mission and has also created an intense reaction by traders on the crypto market.

“They wanna centralize control everything. So the reason I support Bitcoin, and especially blockchain, as it’s decentralized. It’s people’s money. Gold and silver are God’s money.” Kiyosaki said with optimism that he has “millions of dollars of gold, silver, and Bitcoin. We don’t save dollars. That’s the macro picture.”

Rich Dad podcast host and Author, Robert Kiyosaki.

Even though the Blockchain network is free of the regulator’s consent, there are applicable rules that are mandatory for the decentralized infrastructure to functions at the peak of its competence. For context, the Finance book author revealed that he does not have his wealth stacked up in real-time dollars due to the inevitable incompetent nature of a legal tender to be affected by inflation.

Over the last 50 years of trading with fiscal legal tender, the American dollar has iteratively controlled the global economy and this Currency has declined by 80% overtime. The US inflation rate has influenced the world economic growth to have attracted investors and other professionals to bypass the inflated prices paired with an elevated equity market.

The regulatory body has always consented to dismantle the Blockchain network that wires an enormous amount of money per transaction. Meanwhile, regulatory compliance with cryptocurrency intends to apprehend illegal crypto whales misusing the decentralized infrastructure for illegal financial inclusion. The introduction of the Central Bank Digital Currency, CBDC, is a regulatory scheme to control digital assets and the decentralized crypto market.

Several sovereign states have indulged in establishing their CBDC. In Africa, Nigeria remains the first country to run a federal CBDC likewise debuting a decentralized token dubbed e-Naira. The American government has reportedly consulted the Nigerian government to gain insight on how to manage the CBDC as a regulatory body as well as influencing both the virtual economy and the real-time economy off inflation via virtual fiat reserve and exchange.

“By placing urgency on research and development of a potential United States CBDC, should issuance be deemed in the national interest. The Order directs the U.S. Government to assess the technological infrastructure and capacity needs for a potential U.S. CBDC in a manner that protects Americans’ interests,” Kiyosaki said.

The American president Joe Biden has reportedly indulged his financial sector to research, explore and develop the possible implications for establishing the American CBDC after several pessimistic debates about accepting the crypto market as a federal endorsed financial inclusion. Still, Kiyosaki is convinced the CBDC can not control the current inflated economy via the crypto market which is likely influenced by the government interference with fiscal policies.

“Either the Govcoin or the Fedcoin, it’s good news for everybody that they’re coming after us. Then there will be hyperinflation like we’ve never seen before because when there is a Govcoin, they’re gonna bypass the bank system.”

Kiyosaki highlights the possibility of government intervention in officiating digital tokens which are likely to be christened “Fedcoin or Govcoin” that have a hundred percent government control. The Rich Dad host also revealed government-endorsed tokens bolsters economic defaults to hyperinflation whereby financial institutions will have zero control over the hyperinflated economy influenced by the government token.

In sum, the current economic status has encouraged the Gen-Z population to embrace the crypto market that sells virtual precious metals.

Total
4
Shares
Share 4
Tweet 0
Pin it 0
Share 0
Tags: CBDCCrypto marketcryptocurrencyDigital assetRich Dad
Previous Post

Interswitch Plans To Integrate Biometric Solution For POS Terminals and ATM Machine Across Nigeria.

Next Post

NaijaCrypto Tweaks Its Exchange Platform With Six Tokens For Instant Cryptocurrency Exchange.

Next Post
NaijaCrypto Tweaks Its Exchange Platform With Six Tokens For Instant Cryptocurrency Exchange.

NaijaCrypto Tweaks Its Exchange Platform With Six Tokens For Instant Cryptocurrency Exchange.

RECOMMENDED NEWS

Asaak Got $30M Off Venture Capitalists And A South African Commercial Bank, SB

Asaak Got $30M Off Venture Capitalists And A South African Commercial Bank, SB

1 year ago
Bumpa Raises $200k To Provide e-Commerce Solutions To African Startups

Bumpa Raises $200k To Provide e-Commerce Solutions To African Startups

2 years ago
Senegal’s Wave Has Closed The Largest Series A Round For An African Fintech At $200m

Senegal’s Wave Has Closed The Largest Series A Round For An African Fintech At $200m

2 years ago
Global Founders Capital Led Sudo Africa’s Pre-seed Round To Project Expansion.

Global Founders Capital Led Sudo Africa’s Pre-seed Round To Project Expansion.

1 year ago

FOLLOW US

  • 70.9k Followers

BROWSE BY CATEGORIES

  • App
  • Banking
  • Business
  • Cryptocurrency
  • Cybersecurity
  • East Africa
  • Economy
  • Enterprise
  • Event
  • Fintech/Finance
  • Funding
  • Gadget
  • Government
  • Insight
  • Internet
  • Investment
  • Nigerian/African Tech
  • North Africa
  • Personnel
  • Research/How to do it
  • Service
  • Social Media
  • Southern Africa
  • Startup
  • Telecom
  • Transport
  • Uncategorized
  • West Africa

BROWSE BY TOPICS

5g acquisition africa AI app banking CBDC cbn central bank of nigeria ChatGPT cloud cryptocurrency Crypto market cybersecurity e-commerce east africa ecommerce economy fintech funding Fundraising google government internet investment kenya License microsoft mtn ncc nigeria Partnership Regulator remittance ride hailing seed social media software south africa startup technology telecom twitter west africa whatsapp

Featured Categories

App
31 Posts
View Posts
Banking
18 Posts
View Posts
Business
15 Posts
View Posts
Cryptocurrency
35 Posts
View Posts
Cybersecurity
19 Posts
View Posts
East Africa
32 Posts
View Posts
Economy
18 Posts
View Posts
Enterprise
36 Posts
View Posts
Event
11 Posts
View Posts
Fintech/Finance
103 Posts
View Posts
Funding
32 Posts
View Posts
Gadget
13 Posts
View Posts
Government
68 Posts
View Posts
Insight
7 Posts
View Posts
Internet
23 Posts
View Posts
Investment
20 Posts
View Posts
Nigerian/African Tech
38 Posts
View Posts
North Africa
3 Posts
View Posts
Personnel
2 Posts
View Posts
Research/How to do it
4 Posts
View Posts
Service
23 Posts
View Posts
Social Media
32 Posts
View Posts
Southern Africa
20 Posts
View Posts
Startup
92 Posts
View Posts
Telecom
46 Posts
View Posts
Transport
17 Posts
View Posts
Uncategorized
2 Posts
View Posts
West Africa
50 Posts
View Posts
No Result
View All Result
Loading
  • WASSCE
    The WAEC Council Apprehended Website Administrator For WASSCE Leak.
    • June 4, 2023
  • Pixxel
    Google Led Pixxel Fund Raising Round To Close At $36 Million.
    • June 3, 2023
  • TransferGo
    TransferGo Collaborates With High Impact Careers To Upskill African Migrants.
    • June 3, 2023
  • FinTech NGR & Huawei Cloud
    Huawei Cloud Co-Signed The Nigerian FinTech Cloud Adoption White Paper With FinTech NGR
    • June 2, 2023
  • INNODIP Rwanda
    INNODIP Will Eradicate Unemployment In Rwanda By December 2023.
    • June 1, 2023
TechBooky Africa

We bring you the best Premium WordPress Themes that perfect for news, magazine, personal blog, etc.

Follow us on social media:

Recent News

  • The WAEC Council Apprehended Website Administrator For WASSCE Leak.
  • Google Led Pixxel Fund Raising Round To Close At $36 Million.
  • TransferGo Collaborates With High Impact Careers To Upskill African Migrants.

Category

  • App
  • Banking
  • Business
  • Cryptocurrency
  • Cybersecurity
  • East Africa
  • Economy
  • Enterprise
  • Event
  • Fintech/Finance
  • Funding
  • Gadget
  • Government
  • Insight
  • Internet
  • Investment
  • Nigerian/African Tech
  • North Africa
  • Personnel
  • Research/How to do it
  • Service
  • Social Media
  • Southern Africa
  • Startup
  • Telecom
  • Transport
  • Uncategorized
  • West Africa
  • Home
  • TechBooky
  • Business
  • Video
  • Contact Us

© 2022 Techbooky Africa .

No Result
View All Result
  • Home
  • TechBooky
  • Business
  • TV
  • Startup

© 2022 Techbooky Africa .

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In