Robert Kiyosaki Calls Bitcoin and Ethereum ‘Real Money,’ Urges Investors to Ditch ‘Fake’ Fiat

Boluwatife Adeyemi
3 hours ago
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An image of Robert Kiyosaki and Bitcoin, Ethereum logos

Highlights

  • Robert Kiyosaki highlighted Bitcoin and Ethereum as a way to hedge against inflation.
  • He urged investors to save BTC and ETH rather than fake fiat currencies.
  • The renowned author also advised investors not to be victims of the broken monetary system.

‘Rich Dad Poor Dad’ author Robert Kiyosaki has again made a case for Bitcoin and also Ethereum as a hedge against inflation. This came as he advised investors to ditch fiat and move to save their money in BTC or ETH.

Bitcoin and Ethereum Are Real Money, Kiyosaki Says

In an X post, the renowned author urged investors to save “real money” such as BTC, ETH, gold, and silver rather than fake government money. Kiyosaki remarked that while he is happy that these assets are going up, his concern is that inflation is making life harder on the poor and middle class.

In line with this, he advised investors to do their best not to be victims of a “broken and corrupt monetary system.” He added that government money is “fake money” and that while it makes the rich richer, it unfortunately makes the poor poorer. This is why he believes investors should hold assets like Bitcoin and Ethereum rather than fiat.

This isn’t the first time Kiyosaki has advised investors to hold assets like BTC and ETH rather than fiat. Last month, the ‘Rich Dad Poor Dad’ author cited the major bond market collapse in America, Britain, and Europe as a reason why investors should pivot to these alternative assets.

Max Keiser Echoes a Similar Sentiment

Bitcoin maximalist Max Keiser also recently echoed a similar sentiment, alluding to a 2021 X post from Twitter’s founder, Jack, who said Hyperinflation was going to change everything. Keiser stated that Jack was right and that what the market is seeing in gold and BTC is proof.

Notably, the BTC price and gold have reached new highs recently as part of a ‘debasement trade’ with investors hedging against inflation and other macro uncertainties. Bitcoin rallied above $126,000 earlier this month before its recent pullback amid a broader crypto market crash.

Keiser advised investors to stop arguing over gold and BTC and focus on taking their safe haven asset, BTC, and preserving it. Despite his earlier remarks, he reminded investors that gold and silver are “easily confiscated,” while Bitcoin is “unconfiscatable,” suggesting it is a better safe-haven asset than the precious metals.

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Investment disclaimer: The content reflects the author’s personal views and current market conditions. Please conduct your own research before investing in cryptocurrencies, as neither the author nor the publication is responsible for any financial losses.
Ad Disclosure: This site may feature sponsored content and affiliate links. All advertisements are clearly labeled, and ad partners have no influence over our editorial content.

Why Trust CoinGape

CoinGape has covered the cryptocurrency industry since 2017, aiming to provide informative insights Read more…to our readers. Our journal analysts bring years of experience in market analysis and blockchain technology to ensure factual accuracy and balanced reporting. By following our Editorial Policy, our writers verify every source, fact-check each story, rely on reputable sources, and attribute quotes and media correctly. We also follow a rigorous Review Methodology when evaluating exchanges and tools. From emerging blockchain projects and coin launches to industry events and technical developments, we cover all facets of the digital asset space with unwavering commitment to timely, relevant information.

About Author
About Author
Boluwatife Adeyemi is a well-experienced crypto news writer and editor who has covered topics that cut across several niches. His speed and alacrity in covering breaking updates are second to none. He has a knack for simplifying the most technical concepts and making them easy for crypto newbies to understand. Boluwatife is also a lawyer, who holds a law degree from the University of Ibadan. He also holds a certification in Digital Marketing. Away from writing, he is an avid basketball lover, a traveler, and a part-time degen.
Investment disclaimer: The content reflects the author’s personal views and current market conditions. Please conduct your own research before investing in cryptocurrencies, as neither the author nor the publication is responsible for any financial losses.
Ad Disclosure: This site may feature sponsored content and affiliate links. All advertisements are clearly labeled, and ad partners have no influence over our editorial content.