Robert Kiyosaki Calls US Dollar A Scam, Advocates For Bitcoin

Robert Kiyosaki, “Rich Dad Poor Dad” author, has once again expressed his distrust in the U.S. financial system, calling the U.S. dollar a bigger scam than Bitcoin. In a recent post, Kiyosaki criticized the Federal Reserve and the banking sector, accusing them of corruption and mismanagement.

He referred to central bankers as “banksters,” alleging that they receive government bailouts despite losing billions.

Robert Kiyosaki Calls US Dollar a Scam, Urges Bitcoin Investment

In a recent post on X platform, Robert Kiyosaki questioned whether Bitcoin is a scam but stated that the U.S. dollar and the banking system are worse. He emphasized that the Federal Reserve and the banking sector manipulate the financial system, benefiting from government bailouts while the general public suffers losses.

Kiyosaki also warned against Bitcoin ETFs, stating that they are controlled by financial institutions. He urged investors to own real assets such as gold, silver, and Bitcoin rather than relying on financial products managed by banks. He expressed concerns that banking institutions could manipulate these ETFs, reducing investors’ control over their holdings.

Moreover, the financial writer recently shared insights ahead of the predicted market crash, advising individuals to focus on assets that maintain value. Kiyosaki emphasized the importance of gold, silver, and Bitcoin as protection against inflation and financial instability. Kiyosaki also encouraged investing in essential businesses and real estate opportunities that emerge during downturns.

Bitcoin Price Market Volatility Viewed as an Opportunity

During a period of Bitcoin price fluctuations, Robert Kiyosaki reiterated his confidence in the cryptocurrency. On February 27, he commented on Bitcoin’s declining price, stating that it was an opportunity to buy rather than a cause for concern. He referred to Bitcoin as being “on sale” and reaffirmed his commitment to purchasing more.

Kiyosaki blamed America’s financial structure rather than Bitcoin for market instability. He maintained that traditional financial institutions are responsible for the country’s economic instability.

Similarly, earlier this year, Kiyosaki highlighted reasons why Bitcoin holds an advantage over the US dollar. He pointed to Gresham’s Law, stating that bad money, like fiat currencies, pushes good money into hiding, making Bitcoin a preferred store of value. He also referenced Metcalfe’s Law, emphasizing that Bitcoin’s growing network strengthens its value and global acceptance.

U.S. Debt Crisis and Inflation Concerns

Robert Kiyosaki also expressed concerns about the growing U.S. debt. He claimed that the total financial obligations, including unfunded liabilities, exceed $230 trillion. He predicted that when major holders like Japan and China stop purchasing U.S. bonds, inflation will rise, further weakening the dollar.

According to Kiyosaki, the Federal Reserve’s monetary policies are unsustainable. He stated that inflation is not caused by rising asset prices but by the declining value of the dollar. Kiyosaki believes that the weakening currency will push more investors towards tangible assets like Bitcoin, gold, and silver.

Preference for Physical Assets Over ETFs

Robert Kiyosaki urged investors to buy real gold, silver, and Bitcoin instead of ETFs linked to these assets. He called Bitcoin ETFs “bankster’s money” and stated that they do not offer the same level of financial security as direct ownership.

Kiyosaki warned that financial institutions manipulate ETFs and do not provide real protection during economic crises. 

At press time, Bitcoin price is trading at $85,162.67, reflecting a 1.69% increase in the past 24 hours. The market cap stands at $1.68 trillion, while the 24-hour trading volume dropped to $37.22 billion.