Robert Kiyosaki, the well-known writer of “Wealthy Dad Poor Dad”, is making headlines once more together with his criticism of the US greenback. In a current social media put up, he known as the foreign money a “rip-off” and warned in regards to the risks of counting on the standard banking system. As a substitute, he urged that Bitcoin, gold, and silver are higher choices for safeguarding wealth.
Bitcoin May Be A Rip-off, However The Greenback Is Worse: Kiyosaki
Kiyosaki’s newest assertion bought individuals speaking. He admitted that Bitcoin could possibly be a rip-off, however added that the US greenback and the banking system are even greater ones. He believes that the Federal Reserve, which controls the cash provide, performs a serious function in holding individuals trapped in a damaged system.
In his view, central bankers—whom he refers to as “banksters”—are answerable for monetary instability. He accused them of mismanaging cash and receiving authorities bailouts whereas unusual individuals undergo the implications.
Is BITCOIN a SCAM?
It could be….
However not an enormous a rip-off because the US Greenback and the US Banking System…. Beginning with the Fed.
They’re BANKSTERS.
For instance…. Once they F. U. and lose billions…. The criminals on the Fed bail them out. They need to go to jail.
That’s…
— Robert Kiyosaki (@theRealKiyosaki) March 1, 2025
US Debt And Inflation Are A Main Concern
One other large concern for Kiyosaki is inflation. He has been warning for years that rising US debt will result in greater costs and a weaker greenback. The federal government’s rising monetary troubles, he says, will solely make issues worse.
That’s why he retains pushing for different investments. Bitcoin, gold, and silver, he believes, provide safety in opposition to the dangers of a failing foreign money. These belongings, he says, can maintain their worth over time, whereas the greenback retains dropping buying energy.
Kiyosaki Advises Holding Bitcoin, Not ETFs
Kiyosaki additionally has sturdy opinions on Bitcoin exchange-traded funds (ETFs). Whereas some buyers see ETFs as a simple technique to get publicity to Bitcoin, he disagrees. He believes it’s a lot safer to personal Bitcoin straight moderately than by means of an funding product managed by monetary establishments.
His reasoning is easy—when you don’t personal the precise asset, you don’t have full management. If one thing goes incorrect with the ETF supplier, buyers may face losses they didn’t anticipate. For Kiyosaki, direct possession is the one technique to go.
Many Traders Share His Issues
Kiyosaki’s concepts could seem far-fetched, however he’s not the one one who worries about them. Lots of people don’t belief the federal government or central banks with their cash. Inflation is consuming away at financial savings, and persons are dropping religion in normal banking.
Bitcoin is changing into increasingly more common, particularly amongst individuals who see it as a technique to shield their cash. Plenty of buyers are taking note of Kiyosaki’s warnings in regards to the US greenback, even when some don’t agree with him.
Featured picture from Avira, chart from TradingView