American entrepreneur and writer Robert Kiyosaki, known worldwide for his series of books on investing, shared his opinion on investing in new asset classes, including cryptocurrencies.
“Crypto-currencies, including bitcoin, seem to me extremely interesting. They took a swing at the fed, one of the most powerful financial institutions in the world. And they climb on its territory,” – said
However, Kiyosaki is in no hurry to buy cryptocurrencies, admitting that he does not understand their technical side. “If you are young enough and you like these assets, this can be an interesting investment opportunity for you. I think this is an exciting time. Invest in what you like,” he says.
About a year ago, former fed chair Janet Yellen noted that she was not impressed with bitcoin. “There are quite a lot of cryptocurrencies, and perhaps some of them are something acceptable. But, in my opinion, very few people use bitcoin, as evidenced by the small number of transactions. And many of them are illegal,” she said.
Economist Alan Greenspan, who served as fed Chairman for more than 18 years, long before Yellen, is also critical of cryptocurrencies. “Bitcoin must have an intrinsic value. You will have to try hard to imagine whether it has such value. I don’t see it,” he said.