From Nasdaq

August 6, 2024 08:28 AM:

Financial author Robert Kiyosaki stirred controversy by calling ex-President Trump a money “genius” and Biden/Harris “idiots.” Kiyosaki’s comments came during an interview about bitcoin and Trump’s scheduled appearance at a conference in Nashville. Kiyosaki also suggested eliminating income taxes to stimulate the economy, sparking economic debate.

Kiyosaki focused on Trump’s financial expertise and strong support for bitcoin, contrasting it with Biden and Harris. He highlighted issues like the national debt and strong tariffs, advocating for bitcoin as a protective asset. Economic analyses show varying growth rates and market performance under Trump and Biden, shaping Kiyosaki’s viewpoint.

Trump’s recent interest in cryptocurrency, including a suggestion to use bitcoin to pay off national debt, has impacted the market. Bitcoin prices fluctuated after Trump’s statements, contributing to ongoing uncertainty in the global economy. Kiyosaki and Trump share views on cryptocurrency, despite past financial setbacks and bankruptcies in their respective ventures.

Kiyosaki and Trump’s financial journeys have faced challenges, with both having experienced bankruptcy in their business ventures. Trump’s businesses declared bankruptcy three times, while Kiyosaki’s Rich Global LLC filed for bankruptcy protection in 2012. Legal disputes and financial difficulties have shaped their paths to wealth, despite public praises for their financial acumen.

Read more at Nasdaq: Robert Kiyosaki: Trump Is a ‘Genius With Money’ While Biden and Harris Have Ruined the Economy