Finance

The Future of Crypto: Asset-backed lending for crypto – Zac Prince, Robert Kiyosaki, Kim Kiyosaki

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The future for cryptocurrencies is bright, but one thing that has held it back from being adopted by the masses is its ability to be used in the existing financial system. 

As crypto continues to grow, today’s guest believes you’re going to need the ability to earn interest on your Bitcoin, to use your Bitcoin as collateral for a loan, and the ability to seamlessly transfer and integrate your Bitcoin holdings with the financial services that exist for other asset classes.  

Zac Prince, CEO & Founder of BlockFi says, “BlockFi’s lending platform makes it easy for people to take out a crypto asset-backed loan. Customers can apply in less than 2 minutes and many of our clients go from application-to-funding in as few as 1.5 hours.” 

Hosts Robert and Kim Kiyosaki are joined by Zac Prince to discuss why asset-backed lending is the future for this asset class, and how BlockFi is bridging the world of traditional finance and blockchain technology. 

Special offer for listeners:  For a limited time, get a bonus of $50 in BTC when you deposit $500 or more in crypto at BlockFi.  Sign up here: https://blockfi.mxuy67.net/c/2481003/898926/10568

Want to learn more about Bitcoin and cryptocurrencies? Go where Robert goes and head to https://study.richdad.com/MONTHLY-MEMBERSHIP-OFFER where you can hear expert Jeff Wang teach crypto investing and opportunities.

#robertkiyosaki #financialeducation #zacprince

https://www.richdad.com/

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Robert Dunfee

48 Comments

  1. schlumpfimario
    July 18, 2021 at 10:59 pm

    Over the past week, multiple industry analysts andB!tcoin supporters discussed why they believe that amidst a bearish market, it was important to focus on BTC’s long-term price movements. The Bitcoinmarket, at this point, is undoubtedly at an indecisive juncture. On one hand, the king coin’s price has remained sluggish over the past few weeks, while on the other hand, a few metrics (like the net entities’ growth and illiquid supply change) seem to paint a positive picture. Well, at this point, market participants do not have a definite answer to the nature of the runBTC is experiencing. However, when in doubt, the best thing to do is zoom out and look at the bigger picture. In that perspective, Bitcoinseems to be in a mini bear cycle within its larger bull cycle. The marketis in the state of Extreme Fear due to the current fall but now is not the time to despair because this fallpresents the perfect opportunity for trαders to get more of theassets. I have come to realize it’s safer to trαde because of scenarios like this, I trαde daily with signals from Thomas Fuller and I have been profitable in my lnvestments making over 10BT C from my initial 3₿T C portfolio. Thomas is an expert trαder and trαde coach who provides trαde signals and trαde courses for less experienced trαders and I can attest to the accuracy of his trαde signals and he can be reached on ͲҽӀҽGᖇᗩᗰ (Fullertrades) and ω𝐇𝓐𝓽ѕ𝓐ρ𝐩 (+44 7862 067653) for more inquiries into his services.

  2. Chase N
    July 18, 2021 at 10:59 pm

    This was a tough thing to watch… Robert's cognitive impairment is rough to watch .. It was like watching someone explain what the internet is to a caveman.. Oh well..

  3. Adam Hayn
    July 18, 2021 at 10:59 pm

    Disappointed in this video Mr. Kiyosaki. You asked tough questions, but it seems like you didn’t actually want to hear your guest out

  4. WANG0206
    July 18, 2021 at 10:59 pm

    It sounds that the busienss is built on high return on arbitrage. As soon as the arbitragers cant make 9-10% return, they cant afford to borrow from BlockFi. Hence BlockFi cant pays 8.6% to depositors anymore. Let alone there will be more and more competitors into this lending spaces to compete on rates. It all sounds like 1980's private loan businesses to me….

  5. Alban Duro
    July 18, 2021 at 10:59 pm

    Bitcoin is the future, investing in it now will be the wisest thing to do especially with the current rise in bitcoin

  6. Mya Strosin
    July 18, 2021 at 10:59 pm

    Really awesome content! You should own a real estate on the blockverse

  7. Paul Kiman
    July 18, 2021 at 10:59 pm

    The history of the dollar bill.
    "In Gold We Trust" – 1862
    "In God We Trust" – 1971
    "In Blockchain We Trust" – 2009

  8. Paul Kiman
    July 18, 2021 at 10:59 pm

    Robert Kiyosaki should make an interview with Charles Hoskinson. Charles co-founded Ethereum and Cardano to improve the blockchain.

  9. Jim Wingate
    July 18, 2021 at 10:59 pm

    Robert should not invest in Bitcoin or any crypto currencies. He has a lot to learn. I appreciate his tough questions but his lack of knowledge of the industry is obvious.

  10. Raivons R1 & 535d
    July 18, 2021 at 10:59 pm

    They take you bitcoin hoping it will go up every yers,witch it most likley will,thats all the plan ,looks like

  11. Brett Barthelemy
    July 18, 2021 at 10:59 pm

    Wow… yeah trying mining crypto with a old Mac.(good luck). You should stick to talking about your soon to be worthless gold.

  12. K H
    July 18, 2021 at 10:59 pm

    of course Pompliano recommended him because hes an investor of blockfi. Please interview Alex Mashinsky. Hes the best! Celsius network is way better

  13. K H
    July 18, 2021 at 10:59 pm

    ALEX MASHINSKY next !!!!!! from Celsius Network

  14. K H
    July 18, 2021 at 10:59 pm

    interview Nwxt … ALEX MASHINSKY from Celsius Network

  15. Pratham Anand
    July 18, 2021 at 10:59 pm

    commenting for robert kiyosaki- zac is saying anyone can start a cryptocurrency with their computer, but they cannot make another bitcoin because of its network effect and reputation obviously. there are so many other crypto currencies which is obvious that you can start one but none is as successful as bitcoin due to its network effect which is near to impossible to create. thank you.

  16. Wellington Jackson
    July 18, 2021 at 10:59 pm

    The secret of your future is hidden in your daily routine. Successful people do daily what the unsuccessful only on occasionally.

  17. Patrick McDermott
    July 18, 2021 at 10:59 pm

    He answered all questions flawlessly.

  18. scott taylor
    July 18, 2021 at 10:59 pm

    Check (Powping! .com) BSV ready
    (Coingeek. com)

  19. Chavera Oh
    July 18, 2021 at 10:59 pm

    The problem is that crypto is already showing that its goal is to bring us all into a cashless society. This is enough to keep me far from it. Moreover, I do not participate in financial pyramids and systems that are not transparent enough to feel safe usiing. Some things are unavoidable. Crypto future is if only people start seeing its true colours.

  20. Xiloe Teknowledgies LLC
    July 18, 2021 at 10:59 pm

    I will accept any guarantee as long as I see the funds in an escrow account with my name on it and only my name on it… LOL…

  21. Xiloe Teknowledgies LLC
    July 18, 2021 at 10:59 pm

    Robert can you get somebody on to talk about the stable coins and the supposed US dollar equivalent coins that are popping up and also can you get somebody on to talk about the Oracle blockchains that are starting to emerge onto the market

  22. Xiloe Teknowledgies LLC
    July 18, 2021 at 10:59 pm

    I can buy a gold mine on eBay by buying an old unused abandoned mining claim and go dig and dilute the market cap of gold…. Verrrrrrrrryyyy slowlyyyyyy….

  23. Xiloe Teknowledgies LLC
    July 18, 2021 at 10:59 pm

    Bitcoin is not a brand it is a network that people have chosen to adopt and no it doesn't take any old computer if you want to keep up with the pace of mining you have to buy the latest and greatest mining rig with more computational power which cost thousands of dollars or you can get an older generation mining rig and mine at a slower rate and those get paid at a slower rate

  24. Xiloe Teknowledgies LLC
    July 18, 2021 at 10:59 pm

    Robert is not finishing his question hey means what is to stop them from creating their own cryptocurrency and diluting the market cap of Bitcoin am I correct Robert

  25. Xiloe Teknowledgies LLC
    July 18, 2021 at 10:59 pm

    what I want to know is if the Federal reserve can print an infinite number of Fiat dollars what's to keep them from buying up the limited supply Bitcoin huh huh huh?

  26. Xiloe Teknowledgies LLC
    July 18, 2021 at 10:59 pm

    Robert it's simple if they make off with the loan of Fiat dollars then blockfi simply sell off their Bitcoin

  27. Xiloe Teknowledgies LLC
    July 18, 2021 at 10:59 pm

    There is an arbitrage market that is made by the varying ID identity requirements of the various exchanges I learned this the hard way when I bought my first house with Bitcoin different prices everywhere

  28. Jacob Nelson
    July 18, 2021 at 10:59 pm

    If Robert is so smart, why does he have so much gold? He said he's holding gold and bitcoin…BAD MOVE. His gold is just gonna cripple him over time. Gold is DEAD. Long live bitcoin!

  29. Yahwo
    July 18, 2021 at 10:59 pm

    This discussion got a lil passive aggressive haha

  30. Max Lee
    July 18, 2021 at 10:59 pm

    It's amazing how valuable crypto currency is but…still needs the dollar to make it go round and round.

  31. Rogue Republic
    July 18, 2021 at 10:59 pm

    Texas State
    Sobriety is a strong question there

  32. Russ Lea
    July 18, 2021 at 10:59 pm

    At the time of this posting — 1 Bitcoin = 7 oz. of gold.

  33. Mike Reed
    July 18, 2021 at 10:59 pm

    Would really love to see an interview with Alex Mashinsky of the Celsius Network. Celsius is the "original" yield earner

  34. SomThai Store
    July 18, 2021 at 10:59 pm

    The reason Robert was a little full on was unfortunatly Zac was not able to explain in detail without changing the subject to how he is able to pay 8.6% and how he can promise a high yield. I would have liked to hear more about what Zac had to say without talking too hearing too much about robots gold mine. Everything has risk, but with knowledge minimise risk. I think it was explained about the risk to crazy Joe, he said if you need to borrow $5000 cash you would need to have 10,000 worth of bitcoin in his storage. So if Joe was to run off with the $5000 he would be down $10k worth of bitcoin.
    My question is what if the "Value" of bitcoin was say 10k you lend out the $5k cash and the market devalued to say $1000 bitcoin what happens then? liquidation would mean you take the Bitcoin to cover the loan but how does the person pay the $5k if the value of the bitcoin is $1000? does he foreclose on the loan?

  35. Crypto Legend
    July 18, 2021 at 10:59 pm

    RALLY ON LOOPRING GOGO

  36. Felix Calaguas iii
    July 18, 2021 at 10:59 pm

    Demn bitcoin is still hanging for 2 decades…

  37. J. S
    July 18, 2021 at 10:59 pm

    ****Taking out a US dollar loan against Bitcoin is a non-taxable event. Otherwise, sell your bitcoin the regular way and pay capital gains tax.****

  38. AlphaBlacks TV
    July 18, 2021 at 10:59 pm

    Can it work work wide?

  39. C
    July 18, 2021 at 10:59 pm

    OK boomer, settle down.

  40. F A
    July 18, 2021 at 10:59 pm

    You can’t just mine BTC as it consumes a lot of power. And the more miners join the network, the more hash rate it is, the harder it is to compute math and validates transaction. That is why BTC miners usually have a warehouse of computers with lots of air conditioning and solar power. It is expensive to mine validate transactions but you get rewarded with bitcoins as an incentive. You can’t just mine with your laptop or it will he fried or kaboom

  41. Christian Santos
    July 18, 2021 at 10:59 pm

    ICO's are the modern way to fund money to your company, relying on digital contracts bound by the network.. It gives no barrier to entry in whichever or whatever walk of life you are..

  42. Internet News
    July 18, 2021 at 10:59 pm

    What is with the advertisement of bitcoin brokers constantly on this channel? Are they a group of people who try to refer investors to certain brokers to scam?? Does anyone know what's going on?

  43. Steve M
    July 18, 2021 at 10:59 pm

    ONLY CRYPTO THAT SHOWS PROMISE OF 1000X RETURNS. BITCOIN DIAMOND, THE MATH DOESNT LIE

  44. Robert Perham
    July 18, 2021 at 10:59 pm

    You'd need more than a $50 computer Rob you'd need a data farm, should listen to what he's trying to say, you don't let him finish….

  45. Linda Schrump
    July 18, 2021 at 10:59 pm

    THANK YOU SO MUCH FOR SHARING US RICH DAD ROBERT KIYOSAKI 🌏💫💙

  46. Malibu Ken
    July 18, 2021 at 10:59 pm

    25:30 Granpa Robert 😂😂😂

  47. Jay Flow
    July 18, 2021 at 10:59 pm

    you are an old guy it never went to 5 million or 3 … You talking market cap ?

  48. M-Lifestyle
    July 18, 2021 at 10:59 pm

    Thanks for asking the questions, Robert and Kim, I always wanted to find out the mines that they have been talking. Much appreciated!!!