(lively music) - This is The Rich Dad Radio Show: The Good News and Bad News About Money. Here's Robert Kiyosaki. - Hello, hello, hello, Robert Kiyosaki, The Rich Dad Radio Show: The Good News and Bad News About Money. And we're gonna have a
fantastic program today. It's probably the topic
of the day, the century, the time, I don't know, other
than Donald Trump, of course. But we have the infamous Simon Dixon. He's the leading proponent and expert and the first guy to
ever speak about Bitcoin, and he complimented me
that he read my book. I should have read his book. But anyway, (laughing) so his claim to fame, he
is the Bitcoin way ahead of his time guy. And the date today is important 'cause it's around January 12th. The reason why I say that is because things are changing so fast that if you don't have the reference of what date are we talking about, you can get lost really quickly. So, Simon, I wanna thank you because I listen to
your work and all that. Being an old guy, I
finally got into Bitcoin, and we've done extremely well. So thank you very much on that, but I wish I had read your book earlier 'cause I would have done
even better. (laughing) Anyway, here's Kim. - Yes, well, welcome, Simon, and Simon Dixon, just for everybody who maybe doesn't know him, he's the CEO and co-founder
of bnktothefuture.com and largest global online
investment platform. Robert, you've been
studying Bitcoin excessively in the last year now, so this is gonna be a, this
is gonna be a great show. I have to say, going into 2021, my wish was that we have
a peaceful and sane 2021, and obviously that's not
happenin'. (laughing) So can't wait to get your take on all that's going on right now. - And Simon might be the smartest guy on Earth 'cause he lives
on the Isle of Mann, and then this morning
on Fox the FBI came out and says they're putting
out warnings on every 50, every capitol in America. They're putting warning
for rioting and all that. I'm going, "Holy mackerel." Anyway, with that, Simon, I'm just giving a context of where we are on Planet Earth and
you're on Isle of Mann. Very, very smart move. So welcome to the program. And let's start by giving a little bit of your background and how'd you get to "Bank of the Future" and
become the Bitcoin guru? - Yeah, sure, actually. A story you won't know, Robert, is that I was working
in investment banking, and I was going from market-making, to trading, to corporate finance, and somebody handed me a book in 2006 called "Rich Dad, Poor Dad." And I really, it really
related to the rat race. And right after reading that book, I decided to quit my job and return to my passion,
- Oh, wow. - And return to my passion of economics. And I decided that the business
that I wanted to create as well as being an investor but I didn't have any money to invest. In fact, I was about, even
though I had a well-paid job, I was about 100,000 pounds in debt, and deep in the rat race, and consuming rather than investing. And so in 2006, I decided to
throw in the corporate towel, and I started trying, the business I tried to create was actually a non-fractional reserve bank 'cause I was really studying the fraud of money and how it's actually created. And so that led to me to writing the book "Bank to the Future: Protect your Future before
Governments Go Bust." And that led me to actually speaking at the very first Bitcoin
conference in the world. And when I spoke there, I realized that the Bitcoin
community was actually creating that infrastructure. So I bought my first Bitcoin at $3, and we started investing
in all the companies. And, so, the Bitcoin did well, so I was looking at the cashflow quadrant, re-investing some of my assets, and we started investing
in companies like Coinbase, and Kraken and Bitstamp and Bitfinex. And many of those, about 10 of those, have gone on to become the exchanges that built our industry. So we built bnktothefuture.com
to allow other people to co-invest in the stocks and shares of early-stage Bitcoin companies. And the rest is history. So you've got a part to play in the story that you may not know about. - Well I am very, I'm honored,
I'm honored, I'm honored. And I'm excited for
what you guys are doing. Quick question. What is your educational background? Are your English or your? - Yeah, I did a Master's
in Economics at university, but money was my subject, really, and I started losing the
game of money as soon as I went into the rat race, as it were. And so even though I was
in the game of money, it was a really good education for me, learning how money moves, how the investment banking industry works. But as soon as I'd learned
what I needed to know, for me it was really about
getting on the right side of money because it wasn't
working for me at the time. So, yeah, but I didn't
do too well at college. I had to go to a low-key university, but it was at economics and really getting out of university when I really
started to learn economics that did it for me. - Right, yeah. It's funny when you get out of, when you get out of
school, out of college, out of university's when
the real learning starts. (laughing) - It's really surprising, Sam, that a lot of people who
do well in university, or that you look at some of
the, some of the biggest, the brightest, like Clintons,
Obamas, Bidens, (laughing) they have to go to politics. (laughing) - Yeah. For me I had to actually
relearn economics. - [Robert] Yes. - Because what I learned about money and economics was so detached from reality that I needed to completely
relearn economics from Austrians 'cause
I was taught classical and Keynesian economics, and the assumptions
around money was really that led me into this journey because the, how university teaches you about how money is actually
is created is so different to when you read great history books. I know you're a big fan of "The Creature from Jekyll Island," that reteaches you the history of how central banking
actually was political, and how it came to be, and how wars were fought over trying to really keep control of money. And eventually the banks ended up taking over the whole digital currency system because every time a bank issues a loan, when you take out a loan with a bank, they're actually creating
a digital currency. They invented digital currency. And Bitcoin found a way of doing that and circumventing the banking system, which really captured
my imagination early. - Correct, you know, 'cause
Kim and I have a home office, and we don't, you know,
I stay out of stocks because I don't have control of it. The CEO is a counterparty
risk in that thing. I just don't. I worked for Xerox for a
while and got a bad taste of corporate, and you know, and I, and I should have bought Apple 'cause I love Steve Jobs and all this, but I want to stay away from them. And I don't know why, but it's kind of a personal discipline. So I'm in gold, silver and Bitcoin simply because exactly what you said: the banking system is based upon a fractional reserve system, and the average person out there has no idea what I just said. Wouldn't you say it's true? - Yeah, and even if you learn that it's based upon a
fractional reserve system, it turns out that there's
no fraction and no reserves. (laughing) - [Kim] That's true. - The reality is that the, it's not even, stocks are a way. You have to, you're pushed
to stocks just to try and beat inflation, but the bank deposits are just as risky. There's counterparty risk
in the bank deposits, and you're betting on the credit risk of the bank, and they're
taking excessive risks, and it's only the Federal Reserve and how the whole system's
connected that keeps it. And it's not even insured. You, you think your deposits are insured. Only 1% of those is actually covered. - Yeah, anyway, it's
interesting how we come to our paths, you know, circuitously. We just keep going different places. But, anyway, congratulations
on all your success. Any comments, Kim? - Yes, so, Simon, going forward here, we're in a crazy, crazy time. And I don't know where this is heading. What is your, what is
your take on the banks with Bitcoin or the,
what do you see happening coming down the road? - Yeah, so there's two types
of banks at the moment. There's banks which have sold off all of their toxic assets to your pension, and the 401k is holding
all of those toxic assets, or the Federal Reserve is
holding all those toxic assets. And then there's banks which... - (indistinct) shamelessly plug my book, 'cause "Who Stole my Pension?" 'cause you're saying exactly what I'm really concerned about. They old guys like me, they're gonna find out
there's nothin' there. There's just, it's just toxic
assets sitting in there. - Yeah, absolutely. And the second type of bank is one that has excessive risk in, and, I believe that the way that
everything's moving right now is we've entered this two-tiered economy, where you have a new superpower, China, which was built off a quasi-communist, very capitalist experiment. And then you have America, which seems to be, if you look at the two, you've got America, which is looking more and more like China every day, and China, that's lookin' more and more like America every day. I mean, eventually you converge
in this socialist ideal. And so when you look
at politics right now, the IMF called out for Bretton Woods II. I know, Kiyosaki, you
always talk about, Robert, the, "1971 the rules of money changed." And then that's exactly right. But in 1944 was the precursor to 1971, where there's debt-based, backed by gold, but fractions of gold,
really started to be. Now I think we're entering
into a new monetary phase. So for governments all
around the world to pay for all of these obligations
that they've made that they seriously cannot meet, we have to move to a completely
new monetary renegotiation. And so a Bretton Woods II style moment, and I think that moment
is gonna be central bank digital currencies, where
they're gonna be issuing money based upon allowing banks to go bust. So insolvent banks, rather
than bailing them out, and rather than bailing them in, they're gonna let them go bust, and it means that any money
that you held at a bank, you can download an app in the future, and you'll have this new
central bank digital currency. Now the problem is with that money is it's a de-leveraging of the economy, but that money is gonna be surveillance. It's going to be removal
of all your privacy, removal of all your freedoms. When you take that money, the helicopter money
that's gonna be issued and used to allow banks to go bust, we're taking out these
intermediaries and banks, and technology companies
are all gonna be built on top of these central
bank digital currency. And then you have Bitcoin,
which is the exact opposite. So the money that you hold at a bank, you don't own it, but the
bank is the legal owner. You can't spend it because
of the surveillance and anti-money-laundering
laws and all sorts that make innocent people not
be able to spend their money. And it's being printed out of existence. Then you have Bitcoin on the other side. You can own your money. You can spend your money, and the money supply is completely fixed. So that's why it's a frenzy
of companies right now trying to protect their
balance sheets from the dollar and putting a percentage
of it into Bitcoin because the writing's on the
wall in terms of these trends. And I think we're in the mid, the one of the largest wealth divides that we've ever seen with this
incredible wealth inequality that's causing people to really push for socialist ideals
because everybody's deep in debt, and the inequality has got crazy. And they're going to push for that central bank digital currency which is gonna be signing
away your freedoms, your personal liberties, and privacy. - A question everybody wants to know, 'cause it's when, you know, when gold was, I was buying, I was buying gold at 35,
you know, so quite happy. But everybody wants to know
how high is it gonna go? And I keep saying, "It's
not how high is it gonna go, "says how many ounces do you have?" And when I talk to people about Bitcoin, my answer is the same. It's, "How many Bitcoin do you have?" Who cares about the price? Almost, you know what I mean? That's almost my attitude towards it because when you look at the macro, it's comin' apart. That's, that's all I, so what can you trust out there? And that's why I thank you, 'cause, like, I started
listening to your stuff, and whole bunch of other guys like Pompliano, and Raoul Pal, And then of course not Peter Schiff, but Max Keiser, (laughing) you know, they havin' that war
going on, those two guys, but it's, I don't know
why people get so involved in the dollar amount of
price versus the quantity. And the reason I like Bitcoin is because of the halving,
the supply goes down. So we have a lot of questions I wanna ask you about that. But the question right now is that the price of Bitcoin
went to, like, over 40, and I think today it's trading
around 35 or something. What causes that fluctuation? That's the question I have. - Yeah, so gold is what
I call a store of value. And by store of value, it means it's not designed
to increase your wealth. It's designed to preserve your wealth. For 5,000 years it's
preserved people's wealth. And so the wealthy and
the central banks use gold as a store of value, whereas Bitcoin is a 10-year experiment. It's a speculative store of value. And that means that it has
many of the properties of gold, but it's digital, so that it can be used. The utility is greater
in certain extremes, but it's speculative because it's not got 5,000 years of history. So that means that the majority
of the world, you know, I've seen my $30 Bitcoin
crash to $3 in a day. I've seen my $1,250 Bitcoin crash to $250 in a couple of weeks. I've seen my $20,000 Bitcoin crash to $250 in less than a month. The reason is, is because
people are speculating on whether Bitcoin can
become a store of value. And so that means that some
people, the vast majority of the world still think that
Bitcoin is a Ponzi scheme, a scam, a currency just for drug dealers, or it's a get rich quick scheme, but each year more and more people realize that the value of Bitcoin
is owning your own money, spending your own money,
and having a fixed supply. So over the years, all
these new cases come along where people actually discover
the latest case is really actually the people on a
mass scale understanding about money printing. And you know why people
are asking questions on a simple level. Why am I paying tax if
you can create trillions of dollars overnight in order to? You know, these questions
people are asking, and it leads them to things like Bitcoin, because we're in the information age, and information is readily accessible. So this speculation means that until the day comes
where everybody knows that Bitcoin is not a
scam, a Ponzi scheme, a currency just for drug dealers, and a get rich quick scheme, it might act more like
gold, but digital gold, and therefore will be
more of a wealth preserver than a wealth creator. So you have to have a
thick skin and be willing to go through the ups and
downs as the emotions of fear and greed cut in as people get scared of, is it gonna fail? Is it gonna succeed? - Correct, and we'll come back. Fantastic talking to you. When we come back, we'll
have more questions for you. - A lotta questions. - A lotta questions and things like this, and I really appreciate it. So when we come back, we'll be more with Simon Dixon. His book is called, "Bank to the Future." He's the, I think he's number-one guy that ever got on to Bitcoin. Even Max Keiser acknowledges
you, which is pretty good. Schiff hates you too, but anyway, he's, he's got (indistinct). (laughing) - I like Schiff, but his views on gold. (laughing) - It's, I think it's the old
guys versus the young guys. I think that's what it comes down to. So anyway, we'll come right
back with Simon Dixon. Welcome back. Robert Kiyosaki, The Rich Dad Radio Show: The Good News and Bad News about Money. Today we have Simon Dixon, and he is the leading guru on Bitcoin. And it's a very important discussion, especially at this time of history. All hell's already broken loose which is good for Bitcoin. When it comes to the
Rich Dad Radio Program, anytime, anywhere on iTunes,
Android, and YouTube, if we don't get delisted, and please, (laughing) we've
been hit several times, Simon. We don't say anything bad. We had Trump on, which
was not the best thing, but we got nailed for him. I mean, what's going on? By the way, listen to, you can listen to this program. We archive everything at richdadradio.com because repetition is how we learn. Listen to this one more time. You'll hear what Simon
is saying about Bitcoin, but more important, we have friends, family members, and business associates who know nothing. This is a good program to listen to. So with that, we'll welcome back Simon. And you take it away, Kim. - Yes, well, and Simon's also the author of "Bank to the Future: Protect your Future before
Governments Go Bust," and the way things are going, governments could be
going bust any day now. Yeah, so, Simon, we were talking at the break, and,
Robert, you were talking about the difference between trading and investing Bitcoin. Can you elaborate a little
bit on that salmon, Simon? - Yeah, absolutely. So I've seen a lot over the years, having been from the beginning. I've seen people that were involved in the highest performing asset class in history that still
didn't accumulate wealth. There's a couple of reasons for that. One, they spent their Bitcoin because they needed to
meet their living expenses, and they weren't spending
their fiat money. They were spending their Bitcoin. And so treating it as a medium of exchange and unit of account rather
than a store of value. But the second is because
they over-traded it. And every time you trade
you create a taxable event, and you also create the opportunity to be wrecked by insiders. So, Bitcoin, as every
- What do you mean by wrecked? What do you mean by wrecked? - Sorry, wrecked is a crypto phrase where you lose all your money. - Ah, important word.
- Sorry, there so much jargon in our industry to learn. (laughing) HODLs, and FOMOs, and wrecks, and all these funny
phrases you see on Twitter. - Nothing changes, right? - Yeah, but, so overtrading
is a real killer, and I've seen so many people
that have tried to invest in the next Bitcoin killer
and end up with no Bitcoin. And it's a very big mistake, And especially when new people join. They come along and they say,
"Well, Bitcoin's $35,000. "I could buy something else that's, like, "a couple of cents and try
and replicate the story." And while there may be a
time and a place to do that, but you don't want to get
caught with no Bitcoin. So the difference between investing and trading is an investor
really looks forward to the bull markets and the bear markets. So for me, I really like
it when Bitcoin cracks because it allows me to
accumulate more Bitcoin at a lower rate. I'm not gonna be sellin' that Bitcoin, and if it crashes like crazy, I don't really care because
I've got a long-term perspective on it, and I don't want, and Bitcoin is a very manipulated market, just like every other market short term. You've got people with vast
wealth, the hedge funds, the exchanges, that push the
price up and down like crazy. And they're just trying to
scare you out of your Bitcoin. They're long-term holders of Bitcoin. And they're trying to get your Bitcoin. And if you're in a trade, or you can be, you know, 90%. I worked in the traditional markets. I was a market maker, and 90% of traders lose
money to the 10% of insiders. The same is true in Bitcoin, traditional markets,
gold markets, everything. - [Robert] Everything. - So short-term, you are
trying to beat these people. And they know more than you. They've got access to better resources. So the great equalizer
is becoming an investor. Traders, it's a losing game. You're creating taxable events, and you're trying to beat the insiders. Now you might be great at
that, but most people aren't. - Yeah, what Simon is talking about, the taxing was bad. Like, cause Kim and I
make most of our money in real estate and in business. And we save our money
in gold, silver, Bitcoin because we don't trust the dollar. And these people come in, and they're flippin' real estate, and it didn't make any sense to me 'cause you buy, let's say
you buy it for 10,000, you sell it for 100,000. You have a taxable event. Plus you put all that money at risk. It doesn't make sense to me. So where I think Kim and I,
we're long-term on everything. - Everything, yeah, everything. Well, you look at real estate. I mean, it takes a lotta time
to find a great property. So once we find it, we wanna hang onto it. But flippers have, just, a
whole different mentality. And it's very expensive.
- The same as Bitcoin. We're never gonna sell it. But my teeth get soft when
I see the price going down. I wanna jump in and buy as much as I can, where other people are panicking. They're selling 'cause it's going down. I mean, that's kind of
a different mindset, isn't it, Simon? - Yeah, so this is the whole
currency versus money debate, and when I first read
"Rich Dad, Poor Dad," that aha moment of accumulating assets. So currency is what
the governments create, and it always dilutes and it
always goes down in value. And every single fiat currency in history eventually
goes to zero and fails. Money stands the test of time. And as I said, you know,
Bitcoin is a speculative money, but it's based upon the principles. So when someone says to me,
"Are you selling Bitcoin?" I hear, am I buying currency? And why would I buy currency? Well, the reason I buy currency is if I need to meet my
short-term living expenses, and I don't mind. You know, currency is very good for that. The stuff the government
creates is very short term for meeting your mortgage obligations or your living expenses, but
it's useless for savings. And so if someone says to
me, you know, "Sell Bitcoin," I'm like, well, I'd have
to buy some currency, and why am I gonna hold currency? - Right, right. (indistinct) cannot hear
what Simon is saying is that our partner Ken McElroy, who we were in real estate together, the biggest liability
we have is cash today. And what we're, in real estate, what we're attempting to do is take cash, U.S. dollars or whatever it is, and converted it to debt. And then the debt is inside an asset called an apartment house. And that's how we think, but
everybody wants to save cash. We're tryna get out of it. You know, the average
person's tryna get into it. But before we go, let's
go into this up and down and all this stuff because, you know, when Bitcoin was up at 41,000, the first thing I say, "I
should have bought more." And then it drops down to like 30,000. I said, "I'm gonna buy more." I have no patience. I just want more, and
more, and more of it, but I'm never gonna sell the damn thing. So, what, you know, Keiser's
talkin' about, what? 150,000 or $225,000 an ounce or somethin' or per coin? You ever do stuff like that, speculate on what the
future price might be? - So, no, for me, I've avoided. I've avoided it because, actually, even when I'm trying to be conservative with price forecast,
Bitcoin has usually beaten it over the years. So it's been the highest performing asset for 10 of the last 12 years. And every, you know, you're
not, you're not alone. The emotion of investing into Bitcoin, ever since I've been involved, everyone has always thought,
"I've missed the boat. "The price is too high. "It can't go any further." And that's been the same. Everybody celebrated when
they sold it at a dollar. Everybody celebrated
when they sold it $10, $100, $1000, $10,000,
and I do expect people to be celebrating when they sell it for $100,000. We can't give financial advice, but to me, it's supply and demand, economics 101. And the supply of Bitcoin is there's only ever gonna be 21 million. 18.5 million have have
already been created. Probably 4 to 6 million of them has just lost because in the beginning people didn't know that they needed to value
them in the early days. And so now you've got, you know, it was originally individuals
realizing that they need it. Now Wall Street and
corporations are starting to realize that they need it. And next central banks are gonna realize that they need it, and
governments are gonna realize they need it. And so this is the only asset class in history where it went backwards. The individual got in first, the corporation got in second, and the government gets in last. Normally it's the complete opposite. Wall Street first,
working crony capitalism with the government, and
then they're doing IPOs and selling it to you for your pension. This is the first time
it's gone backwards, which created such an interesting
time in financial history and such a wealth transfer from this group of geeks and, you know, missionaries that just
wanted to take on the banks that turned into what it is today. And it's been, I never imagined that Bitcoin would
succeed in the early days. I really didn't. It was just something that had to succeed, so I started investing and
investing in the infrastructure. But Bitcoin has just become this force, and whatever, whatever
the market throws at it, it seems to recover, but you've gotta be, you gotta be, you gotta
have a long-term perspective 'cause short term, you're not
gonna enjoy the ride at all. - So other than the
emotional roller coaster that sometimes goes along with Bitcoin, is there a downside to Bitcoin? - Yeah, so there is a downside to Bitcoin. You need to, with the responsibility of owning your own money
comes the responsibility of securing your own money, which is a big pain in the ass. One of the problems with owning gold is that you normally end up storing it in Switzerland or Singapore
because putting it in your house is either
very inconvenient or unsafe. Now you need to learn a new skill. And the good thing is,
is that this is a skill for the future that
everybody needs to learn. The future is about cyber attacks and everybody trying to steal your data, steal your money, steal your emails, hack into your accounts, and by learning how to
secure your Bitcoin, there's, you know, when we first started, when we first got involved, that was a very hard task. Entrepreneurs have created amazing tools and amazing technology to make
that a lot simpler nowadays, but it's still a new skill
that people need to learn. But as I said, when you
have money on the line and your savings on the line,
it's a pretty good motivator to learn how to protect your personal, be personally sovereign, and that is the same skill everyone needs to learn in the future because we are in a cyber terrorist
environment in the future. Everybody needs to learn
how to protect their data. - That's a good point. A quick question, 'cause we're running out of time here. What is to prevent somebody else from starting their own Bitcoin? - Well, 10,500 other people have tried to create their own Bitcoin, and no one has quite ever
replicated the network effects for a few reasons. Bitcoin was created at a
time when nobody cared, and nobody was pricing it, and nobody was speculating on it. And so it had this timeframe where somebody somebody created it that nobody knew who it was. And the fact that no one
could go to the central bank and say, "Oh, Bitcoin has stolen my money. "Can you compensate me?" With Ethereum, with everything else that's been created since, there's always a central
figure that is connected to it. And so there's always someone
that can change the code, manipulate something, 'cause it's, Bitcoin is now the world's
largest super computer that is secured by tens
of thousands of computers all around the world with no creator, which gives it commodity-like features that nothing else has ever
been able to replicate. And so therefore Bitcoin
has its unique space at a world's best shot at ever achieving digital hard money and no other cryptocurrency. They can copy the code, but they can't copy the network effect and have an anonymous creator, and the security behind it
has never been replicated. - This is what I wrote about in this book called "Fake Money,
Fake Teachers, Fake Assets" that I call golden 'cause
I'm gold and silver guy. I started my own gold
mine and silver mine, and gold and silver are God's money. They're elements on the periodic table. They've been here this earth was formed. And I say Bitcoin is people's money. And by people's money, it's the network of the people. That's what you're saying, isn't it? - I love that. It's, Bitcoin is freedom. It's the ability to own your own money, spend your own money, and not be at the mercy of
anyone else's money supply. - Right, no, but the network is the people who watch over it.
- Absolutely. - It's not a central system. It's a people system. - Exactly, it's secured by mass and code and that the people, only
the people decide whether that mass and code change. And it's very hard to change because you won't get
consensus on the change. - So when some people say, "Well, what gives Bitcoin its, "why can't you and I just start one?" You don't have millions of
people watching you, or already, it's like having a Ford dealership. You can produce Ford cars, but the dealerships sell them. So you have all these dealerships. That's the network. And that's what's hard
for people to understand. It's not just about writing code. It's the people who are watching it with their little computers. They're watching what you're doing, something you cannot do with Janet Yellen or this other character who
is in the Fed right now. They can do what they want to do. They don't have to tell you a thing. That's why I stay away from the dollar. - Yeah, absolutely. So, yeah, the network effects, and the security behind
this, the decentralization, the fact that it's not been, it doesn't have a central authority that you can turn to to change things, to shut down, to send in to prison. And if it did, it would have
got shut down a long time ago, right at the beginning, but they didn't have any door to knock on. And that's exactly how it got here today. - So, Simon, I would just wanna back, go back to the comment
you made because one of the arguments I hear
all the time is, "Oh, well "I'm not gonna Bitcoin
because my friend got hacked," or, "My other friend lost their money." So in your book, "Bank to the Future," do you talk about how
to secure your Bitcoin? Or where does somebody start to understand and learn about that? - Okay, so, yeah, "Bank to the Future" is actually a 10-year-old book. It was the world's first book published that included Bitcoin. And I actually went back to reread it. There was a few things I
got wrong, like privacy, but I did forecast the great depression of the 2020s in the book. And I published a video
on YouTube for that. So it doesn't go deep into that, but more recently I
created a video series on, a four-part video series
on everything one needs to know to build a pension around it. You're absolutely right. You should be concerned about hacking but not hacking of the Bitcoin network. It's the most secure network in the world. It's that you need to
learn how to store it. And there is lots of solutions today that never existed in the past. So those stories you hear
about are from people that have not been
implementing it correctly. So, yeah, I created a
four-part video series on that, and that's free
for everyone on the domain underneath my name. - So, Simon, thanks very
much for sharing your wisdom and your brilliance, and keep sharing. That's the best way we make
the world a better place. So thank you for sharing your wisdom. - Yes, thank you. I learned a lot today, and we're gonna be talking. (laughing) - Awesome, thank you so much for having me and writing that book because
that was a historical moment that drove me to Bitcoin. So thank you for what you do. - I'll take complete credit for that. No, I just, no, I just love it 'cause I meet young guys
like you, and women, and they're so different than
my generation, our generation. So anyway, I really thank you, and keep sharing what you know. When we come back, we'll go on to the final
comments from Kim and I on what Simon just talked about, but especially the idea of
gold, silver, and Bitcoin. We'll be right back. Welcome back. Robert Kiyosaki, The Rich Dad Radio Show: The Good News and Bad News about Money. Wanna thank Simon Dixon and his wisdom on Bitcoin and his book
"Bank to the Future." It's a fascinating
subject, fascinating time. Any comments there, Kim? - Well, I learned a lot about, I learned a lot right now. And of course we always
have these guests on, and they talk about gold and silver. And now Bitcoin is like,
we finished the show, and I'm like, "Okay, we
need to buy more Bitcoin." Okay, so I'm now being somewhat converted. Thank you because you've
been talking about this for a while, so it's good
to understand it more, and I will. I'm gonna be talking to
Simon a little bit more and learn more about this. - Yeah, I have a new book
coming out about that. He wants to write a book together, but I been, I just don't
trust my government. I hate to tell you that,
but I don't trust 'em. So I don't trust the dollar. I don't trust Wall Street. Who else don't I trust out there? That's why I like gold, silver, Bitcoin, 'cause I can trust it. That's all it is. I don't like stocks because Kim and I took two companies public, three companies public, and when you see how
stocks are manipulated you go, "Oh, my God, this is
criminal what they're doing." But it's exactly as Simon says, that one or 2% rips everybody off. And if you don't, you can't
control your own money, why are you saving the dollar, or the yen, or Euro the peso, right? - Yeah, and the one key
point for me that Simon said, he said that the central banks will create this digital currency, and you're gonna trade your fiat currency for this digital currency, and in doing so, these were
the magic words for me, you will have to sign away
your privacy and your freedoms. And when he said that because I fight hard for my privacy and my freedoms. And if this is another way that the governments can take more away, then that was a big turning point for me. - Right, it's the same as the vaccine. I think it's just a control mechanism.
- Yeah, I think so too. - You know, if you don't have a vaccine, you can't get on a plane, you can't go to the toilet, or whatever, you can't do anymore. So that's why, ever since
I came back from Vietnam I stopped trusting my government. And that's, I hate to
say that, but you know, I've stayed out of politics. I've been politically neutral until my friend Donald Trump ran for president, unfortunately. And he's still a great guy in my book, and what's going on, he's being attacked by social media. I think that is horrifying,
absolutely horrifying. I think it's absolutely horrifying that they can take you off the air if they disagree with you. Oh my God! What happened to the First Amendment? So that's kind of the stuff
that I'm concerned about now, but I'm more dedicated to being a, what? A sovereign individual, an independent person with
gold, silver, and Bitcoin. And we can run anywhere we
wanna run if we have to, as long as I get vaccinated first, if we can get on those stupid plane. Anything you wanna say, Kim? (laughing) - It just inspires me to make more money so we can have our own plane. I don't have to deal with these vaccines. - Oh, good idea. I like that idea. But anyway, I wanna thank Simon Dixon 'cause I listen to him
all the time, you know. He is a character of characters. Every time I listen to him, he has some, I guess 'cause it's kind
of an English wit to him. It's a little sarcastic, but it's funny, and it's cutting, and it's to the point. So I wanna thank Simon Dixon. I wanna thank all of you listening to The Rich Dad Radio Show, and keep an open mind 'cause
you're gonna need one. This time, this 2021, as Simon said, it's gonna be worse than 2020. Thank you for listening to
the "Rich Dad Radio Show."
