Investor Robert Kiyosaki said the Russian invasion of Ukraine has dramatically changed how the world views bitcoin and crypto-assets.
Kiyosaki tweeted that crypto-assets are becoming a “safer haven” compared to national currencies.
“BITCOIN and War. Investor’s Business Daily reports that many Russians are using bitcoin as a lifeline after the ruble collapsed. Thirteen percent of Ukrainians, 12 percent of Russians, and 8 percent of Americans own the cryptocurrency. The war between Ukraine and Russia has made cryptocurrency a safer safe haven than the state’s fake fiat money,” he wrote.
Investor’s Business Daily says BTC use in Russia has increased since the collapse of the ruble and after the U.S. and EU sanctions were imposed.
“Do you have a plan B? We are in the biggest bubble in world history. Bubbles in stocks, real estate, commodities and oil. The future? A depression with hyperinflation is possible. My plan B: be an entrepreneur, stay out of the stock market, create your own assets, use debt as money, hold gold, silver, bitcoin, guns,” Kiyosaki added.