Transcribed

Bitcoin and The End of Fake Money

Oct 2, 2024 · 36m 41s
Bitcoin and The End of Fake Money
Description

In this episode of Rich Dad Radio Show, Robert Kiyosaki sits down with Bitcoin advocate Anthony Pompliano to explore the future of money, the flaws in traditional financial systems, and...

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In this episode of Rich Dad Radio Show, Robert Kiyosaki sits down with Bitcoin advocate Anthony Pompliano to explore the future of money, the flaws in traditional financial systems, and the rise of Bitcoin as "digital gold." With insights into the transformation of money, this conversation covers the key principles of sound money, the historical devaluation of currency, and why Bitcoin is becoming a crucial asset for safeguarding wealth.

The Devaluation of Money: A Historical Look

Robert Kiyosaki kicks off the conversation by recalling the end of real silver in U.S. currency, using the example of the 1964 Kennedy half-dollar. Post-1964, U.S. coins were primarily copper, marking a pivotal shift in the nation’s monetary system. Kiyosaki references *Gresham's Law* and how bad money (like copper) drove out good money (like silver), igniting his lifelong study of the financial system.

Why Bitcoin is "Digital Gold"

Anthony Pompliano dives into the reasons why Bitcoin has emerged as a form of sound money, much like gold. He emphasizes Bitcoin’s finite supply of 21 million coins and its decentralized nature, making it resistant to inflation and manipulation. With growing distrust in fiat currencies, Bitcoin offers a secure alternative, operating on Blockchain technology that provides transparency and security.
Financial Education: The Key to Wealth Protection

Both Kiyosaki and Pompliano stress the importance of financial literacy in today’s economy. Kiyosaki highlights how leaving the gold standard changed his perspective on money and why investing in assets like gold, silver, and Bitcoin is vital. Pompliano further supports this by discussing his book *How to Live an Extraordinary Life*, emphasizing the need to adapt financial strategies to the modern economy.

The Future of Sound Money

As Bitcoin nears its supply cap of 21 million coins, Pompliano believes its demand will continue to rise, positioning it as the digital equivalent of gold. Both experts agree that Bitcoin, with its decentralized and finite nature, aligns with free-market principles, making it a key player in the future of global finance.

0:00 - Introduction: Understanding the devaluation of money
5:15 - The rise of Bitcoin and sound money principles
12:30 - Financial literacy and protecting your wealth
18:45 - The future of money: Bitcoin as digital gold
25:00 - Conclusion: Why financial education is key

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Please read carefully.

This is not financial advice.

You may be asking, “what does that mean?”

Let me explain…

Do not just do what I, my team, or my guest says. That would be stupid and irresponsible. Take the education, then use your own brain and make your own decisions.

YOU must take responsibility for your future and your success. That is why you are here. Neither I, or my team, or my guests, know your risk levels, prior education, emotional maturity, or how much money you can afford to lose. 

We are only telling you what we believe to be smart moves. But you must decide for yourself. There are NEVER guarantees. 

Also understand that we are REAL teachers. We practice what we preach. With that in mind we often invest in the very projects that may be mentioned on this show. While it is never our intent, we could possibly profit from others investing in our recommendations.

Take the education we provide but then determine your own actions. If it does not make sense to you, get more education before you invest. We will continue to provide education and there will always be more opportunities.
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Author The Rich Dad Media Network
Organization Audivita Studios
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