On January 25, Robert Kiyosaki, the author of the popular book Rich Dad Poor Dad, expressed his views on bitcoin’s increasing influence by discussing two economic ideas on the social media site X.
In his writing “Two laws that give bitcoin power,” Kiyosaki pointed out Gresham’s law and Metcalfe’s law. He thinks these ideas show why bitcoin is becoming a stronger competitor against traditional currencies such as the U.S. dollar.
Kiyosaki started by describing Gresham’s law, which means that when bad money comes into a system, good money gets hidden away. He said that inflation and too much money printing have made the U.S. dollar “bad money,” while gold, silver, and bitcoin are examples of “good money” that keep their value over time.
“Good money, like gold and silver, has been keeping away from fake U.S. dollars for many years,” he said strongly.
Today, gold, silver, and bitcoin are forcing the fake U.S. dollar into hiding.
This comment shows Kiyosaki’s ongoing criticism of paper money and his support for other types of investments to help protect against economic problems.
Now, let’s talk about Metcalfe’s law, which highlights the value of networks. Kiyosaki explained how this law relates to bitcoin. He said, “McDonald’s is stronger than a small hamburger stand.”
McDonald’s is a chain of franchises. I support network marketing because it is more effective than small businesses for the same reasons. The famous author compared this concept to his own financial success, saying:
Rich Dad has power because it uses a global network of book stores and Amazon to distribute products.
He encouraged others to take advantage of network effects, saying, “You can also be small like me and become rich and influential by using Metcalfe’s law.” This is called capitalism, which I like more than communism. “Best of luck.”
Kiyosaki’s post fits with his ongoing warnings about money issues, including his repeated predictions that the U.S. dollar will fall because of debt and inflation. Tying this view to bitcoin, he recently doubled down on his forecast that BTC could hit $250,000 this year.
