Millionaire businessman and author of the book Rich Dad Poor Dad, Robert Kiyosaki, mentioned Bitcoin (BTC) numerous times in a podcast interview with Morgan Creek Digital co-founder Anthony Pompliano, referring to the asset as an escape. “The reason I endorse Bitcoin is just for one frickin' reason: You’re not part of the system,” Kiyosaki said. “It’s a separation of government and my money,” he laughingly added, quoting sentiment Pompliano has expressed many times. Uncertain times can spur flight to safety Throughout the interview, Kiyosaki riffed on many concepts through the lens of someone reportedly enlightened about what he called a …

Former Overstock CEO Patrick Byrne has sold his 13% stake in the firm for $90 million to move to gold and crypto trading. Byrne, who resigned from Overstock on Aug. 22, cashed out nearly 4.8 million Overstock (OSTK) shares, which accounts for more than 13% of the company, American financial publication MarketWatch reported on Sept. 19. According to a filing with the United States Securities and Exchange Commission (SEC), the former CEO was selling his shares at lower and lower prices over the past three days, ranging from $21.84 on Sept. 16 to $16.32 on Sept. 18. “Counter-cyclical to the …

A new monetary system is aiming to overcome the “severe price volatility” which has made cryptocurrencies unappealing to use as tender — creating two primary digital currencies which are based on gold and silver. Kinesis says these currencies — known as KAU and KAG — are based one-to one on allocated physical gold and silver. This means that the full, direct title to the bullion backing these coins is held by the person who owns the cryptocurrency. These coins can be loaded on to a debit card and instantly converted into fiat for payments to merchants who accept Visa and …