Robert Kiyosaki: Buying Shitcoins Violates the Law of Money. Bitcoin – dsn’t
Metcalfe’s Law is the law of networks. McDonald’s is a chain franchise, but a mom-and-pop burger joint is not, so its owners are poor. I invest in Bitcoin because it is a network. Most cryptocurrencies cannot boast of this. I do not invest in shitcoins without a network, because they violate Metcalfe’s Law, – Kiyosaki said.
Robert did not explain what digital assets he calls shitcoins, but it can be assumed that by them he means cryptocurrencies that do not have their own blockchain. In this case, he considers it pointless to invest in the overwhelming majority of meme tokens, because, as a rule, they are issued on existing networks, for example, the virtual currency Solana (SOL).
In addition to BTC, Kiyosaki buys gold and silver, which obey the laws of money, and urges people to listen to Strategy CEO Michael Saylor when he says to invest in assets that rich people will want to buy from you.
Saylor certainly includes Bitcoin in such assets, and Strategy under his leadership continues to increase its reserves of the coin. Since September 2020, the organization has bought 576,230 BTC worth $62.35 billion and earned an unrealized profit of 55%. Even when its rate exceeded the $100,000 mark, the institution did not stop buying cryptocurrency.
Moments of Bitcoin purchases by Strategy (marked with green circles)