The plea for human money Bitcoin and other cryptocurrencies are now challenging the hegemony of the US dollar and other fiat currencies. In May 2020, a historic event cut the daily inbound supply of Bitcoin from 1800 Bitcoin per day to 900 Bitcoin per day – a kind of quantitative hardening – in contrast to what the Fed is doing by printing trillions of dollars. Central banks, in simplest terms, create money out of thin air. They create ‘fake money’ and lend it to governments. Bitcoin, on the other hand, is completely decentralized, which means that no one can manipulate the market and there is no point of failure at all. It will be interesting to see how long central banks will tolerate competition from cyber money before a confrontation comes. Host Robert Kiyosaki and guest Anthony Pompliano explore the value of Bitcoin in today’s economy and how it can create a near gold standard. The Pomp Podcast: An Open Letter to Ray Dalio: Want to learn more about Bitcoin and cryptocurrencies? Go where Robert is going and go where you can hear how expert Jeff Wang learns crypto investments and opportunities. #robertkiyosaki #richdadpoordad #financial education Facebook: @RobertKiyosaki Twitter: @TheRealKiyosaki Instagram: @TheRealKiyosaki.
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