Robert Kiyosaki Calls Bitcoin People’s Money Amid Los Angeles Riots

Amid recent unrest in Los Angeles due to immigration raids, Robert Kiyosaki, the author of Rich Dad Poor Dad, has called Bitcoin “people’s money” while expressing concerns over the state of the economy.

Kiyosaki’s comments come as protests erupt over controversial immigration policies and law enforcement actions. He believes that these events reflect broader global unrest, which he argues is part of a larger cycle of societal upheaval.

Robert Kiyosaki View on Bitcoin and Financial System Reform

For a long time, the Rich Dad Poor Dad author Robert Kiosaki has been advocating financial independence outside of the traditional systems run by banks. Bitcoin, alongside gold and silver, provide an alternative to the fiat currency manipulated by central banks, he suggests.

“Bitcoin is people’s money,” Kiyosaki said, adding that gold and silver are God’s money. He has maintained that these three assets provide people a way to protect their money from inflation and the government.

In particular, the financial expert is particularly critical of what he terms “fake money” created by central banks. According to Robert Kiosaki, central banking as a system is corrupt and is taking the wealth away from the common man. He explained that putting money into physical investments like gold, silver and Bitcoin is a safer bet for maintaining wealth than a currency dependent on government debt.

Los Angeles Riots and Broader Global Unrest

Wide protests followed the unrest in Los Angeles prompted by immigration raids by U.S. Immigration and Customs Enforcement (ICE). The protests, continued for several days, are one part of a wave of unrest around the world. Moreover, in other countries like Japan, China and France, people have rioted against governmental policies and economic systems, and such riots have also erupted.

In response to violence in Los Angeles, President Donald Trump sent the National Guard to restore order. The divide only deepens as Governor Gavin Newsom announces plans to sue the Trump administration over its federal response.

Kiyosaki connects unrest in Los Angeles and other global protests to the problems laid out in The Fourth Turning by Strauss and Howe. The Rich Dad Poor Dad author claims that social and economic upheaval characterizes societies going through ‘fourth turnings,’ or cyclical periods of crisis. According to Kiyosaki, this current cycle is mainly concerned with money and financial dominion.

Concerns Over U.S. Economy and Financial Systems

Robert Kiyosaki’s concerns over the U.S. economy are not limited to protests and riots. He has also raised alarms about the state of U.S. government debt and the recent bond auctions. On May 20, the U.S. Treasury held a bond auction, but Kiyosaki claims that no buyers showed up, forcing the Federal Reserve to purchase $50 billion in bonds to prevent a financial crisis.

Such practices could make investors lose confidence in the U.S. dollar due to which other means of investment like Bitcoin may seem safe. According to Kiyosaki, Bitcoin could see its value rise up to the range of $500,000 to $1 million future, driven by ‘distrust’ in a traditional financial system.

Consequently, he suggests that saving in traditional currencies is now unsafe and the diversification into assets such as gold, silver and Bitcoin is worthwhile. These investments moreover do not just hedge against inflation but also can help people make wealth above and beyond government controlled financial systems.