- Robert Kiyosaki emphasized the laws of Gresham and Metcalfe as the key to the value of Bitcoin.
- The growing Bitcoin reserves of the US government can stimulate demand and influence the market trajectory.
Bitcoin [BTC] continues to gain strength, Robert Kiyosaki, renowned financial analyst and author of the book “Rich Dad Poor Dad”, emphasized the superiority of BTC compared to the US dollar.
Robert Kiyosaki about Bitcoin versus American dollars
In a recent X afterKiyosaki underlined his optimism about the cryptocurrency, in which he quoted the law of Gresham and the law of Metcalfe as fundamental principles that reinforce the value and use of Bitcoin in the long term.
Starting with Gresham’s law, he explained:
“When bad money comes in a system, good money disappears in hiding. Good money, gold and silver have been hidden from false American dollars for years. Nowadays, gold, silver and bitcoin force the false US dollar to go into hiding. ”
He argued that fiatruits such as the US dollar have steadily lost their credibility as a result of unbridled inflation and the excessive printing of money.
On the other hand, assets such as Bitcoin, Gold and Silver have emerged as reliable value storage places.
That is why these assets are now eroding the safest investment choices the trust of the public in paper currency.
Based on the historical context, he also noticed how physical metals such as gold and silver have long been accepted as symbols of lasting value.
Now digital currencies such as BTC receive comparable recognition in the modern financial ecosystem.
Kiyosaki draws attention to the law of Metcalfe
In addition, Kiyosaki sheds light on the law of Metcalfe, which states that the value of a network is growing exponentially with the user base.
He explained that the increasing global adoption of Bitcoin and the growing network of users significantly increase its value and influence.
This decentralized network effect is a crucial engine behind the rise of BTC as a powerful property.
What awaits us for Bitcoin?
In contrast to the optimistic prospects around Bitcoin, Goldman Sachs CEO David Solomon said recently reconfirmed His position on the dominance of the US dollar, in which he labeled BTC as a speculative possession instead of a threat to global financial stability.
In addition, while the Bank continues to investigate blockchain technology for operational improvements, legal restrictions prevent it from being a direct owner of Bitcoin.
Despite this skepticism, the market momentum of BTC remained remarkable, regarding the prices trade At $ 104,731.34 at the time of writing, after a modest increase of 0.06% in the last 24 hours.
The executive command of President Donald Trump to create a stock of American digital assets could further put pressure on the position of Bitcoin, because the potential support of the government indicates.
Reports from Arkham showed that the US government currently owned around 198,000 BTC, worth $ 20.71 billion.
Any increase in these holdings could strengthen the demand, so that the value of Bitcoin may rise in the coming days.