Financial guru Robert Kiyosaki said Wednesday that George Washington would have been a Bitcoin (CRYPTO: BTC) advocate, citing the U.S.’s founding father’s views on “paper money.”
What Happened: Kiyosaki, author of the best-selling book “Rich Dad Poor Dad,” remembered the words of the first U.S. president.
“We may one day become a great commercial and flourishing nation. But if, in the pursuit of the means, we should unfortunately stumble again on unfunded paper money or any similar species of fraud, we shall assuredly give a fatal stab to our national credit in its infancy. “
“Paper money has had the effect in your state that it will ever have, to ruin commerce, oppress the honest, and open the door to every species of fraud and injustice.”
Citing these views, Kiyosaki said, “America’s 1st President George Washington would have been into Bitcoin.”
Bitcoin supporters have consistently backed the idea that high money printing could lead to inflation, devaluing the dollar, and sending Bitcoin, which they deem as an …