Investor and personal finance author Robert Kiyosaki says the Russian invasion of Ukraine has drastically changed how the world views Bitcoin (BTC) and crypto assets.
Kiyosaki says in a tweet that crypto assets are being transformed into a “safer haven” compared to national currencies.
“BITCOIN and WAR. Investor’s Business Daily reports many Russians using Bitcoin as [a] lifeline after Ruble collapsed. 13% of Ukrainians, 12% of Russians, 8% of Americans own crypto. Ukraine / Russian War giving rise to crypto as a safer haven than government Fake Fiat money. ”
The once best-selling author is citing a report by the Investor’s Business Daily publication claiming BTC use in Russia had risen after the collapse of the ruble following sanctions by the US and its allies.
Earlier this week, the author of the New York Times bestseller Rich Dad Poor Dad endorsed Bitcoin as a hedge against inflation.
Earlier this month, the personal finance author and investor repeated his pro-crypto message saying that his alternative strategy enabling him to survive the prevailing “biggest bubble in world history” is to put his money in Bitcoin and precious metals.
“Do you have a plan B? We are in the biggest bubble in world history. Bubbles in stocks, real estate, commodities and oil.
Future? Possible depression with hyper-inflation.
My plan B: be an entrepreneur, stay out of stock market, create own assets, use debt as money, save gold, silver, Bitcoin, guns. ”
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Featured Image: Shutterstock / Ongky Ady Widyanto / Vladimir Sazonov