🥳 Earning Growth Points can Win an iPhone 16?
🔥 Gate Post Growth Points Summer Lucky Draw Round 1️⃣ 1️⃣ Is Live!
🎁Prize pool over $10,000! Win iPhone 16 Pro Max 512G, exclusive Gate merch, popular tokens & more!
Try your luck now 👉 https://www.gate.com/activities/pointprize?now_period=11
How to earn Growth Points fast?
1️⃣ Go to [Post], tap the icon next to your avatar to enter [Community Center]
2️⃣ Complete daily tasks like posting, commenting, liking, and chatting to earn points
New feature this round: “Fragment Exchange”! Collect fragments to redeem exclusive Gate merch!
100% chance t
Robert Kiyosaki: To be rich, follow the two laws of currency and hold Bitcoin
Robert Kiyosaki, the author of the famous book Rich Dad Poor Dad, has recently reaffirmed his belief in Bitcoin, stating that it is a rare asset that meets two important monetary laws: Gresham's Law and Metcalfe's Law. He also believes that most people remain poor because they violate or do not understand these two laws.
"I do not hold USD, I hold Bitcoin"
On platform X on May 24-25, Kiyosaki declared:
He believes that fiat money like USD is "fake money", being devalued by inflation and uncontrolled monetary policy. According to Gresham's Law, when "bad money" (fiat) is rampant, "good money" (gold, silver, Bitcoin) will be driven out of circulation and hoarded.
Bitcoin and the value from the network
Kiyosaki particularly emphasizes Metcalfe's Law, which states that the value of a network is proportional to the square of the number of users.
He explained: Bitcoin is like McDonald's or FedEx – systems that have value because they are structured like a global network. In contrast, "shitcoins" – cryptocurrencies that lack a real ecosystem and users – all violate this law and will collapse.
Kiyosaki warns that many people remain poor because they only work hard or save fiat money, instead of understanding the operating principles of currency. He quotes Michael Saylor:
Finally, he concluded:
Metcalfe's Law: The value of a network is proportional to the square of the number of users. In other words, the more participants there are, the more valuable the network becomes ( like with Bitcoin, the Internet, social networks…).
Gresham's Law: "Bad money drives out good money." When both good and bad money are in circulation, people tend to keep the good money and spend the bad money. For example: people keep gold, Bitcoin, and spend depreciating paper money like USD.
Thạch Sanh