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 publish, he known as the forex a “rip-off” and warned concerning the risks of counting on the standard banking system. As an alternative, he prompt that Bitcoin, gold, and silver are higher choices for safeguarding wealth.
Bitcoin Would possibly Be A Rip-off, However The Greenback Is Worse: Kiyosaki
Kiyosaki’s newest assertion received individuals speaking. He admitted that Bitcoin could possibly be a rip-off, however added that the US greenback and the banking system are even larger ones. He believes that the Federal Reserve, which controls the cash provide, performs a serious position in protecting individuals trapped in a damaged system.
In his view, central bankers—whom he refers to as “banksters”—are accountable for monetary instability. He accused them of mismanaging cash and receiving authorities bailouts whereas odd individuals undergo the results.
Is BITCOIN a SCAM?
It is perhaps….
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…. After 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 massive problem 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 various investments. Bitcoin, gold, and silver, he believes, supply safety towards the dangers of a failing forex. These property, he says, can maintain their worth over time, whereas the greenback retains shedding buying energy.
Kiyosaki Advises Holding Bitcoin, Not ETFs
Kiyosaki additionally has robust opinions on Bitcoin exchange-traded funds (ETFs). Whereas some traders see ETFs as a simple method to get publicity to Bitcoin, he disagrees. He believes it’s a lot safer to personal Bitcoin instantly quite than by means of an funding product managed by monetary establishments.
His reasoning is easy—in the event you don’t personal the precise asset, you don’t have full management. If one thing goes fallacious with the ETF supplier, traders may face losses they didn’t count on. For Kiyosaki, direct possession is the one method to go.
Many Buyers 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 shedding religion in normal banking.
Bitcoin is turning into an increasing number of well-liked, particularly amongst individuals who see it as a method to shield their cash. Loads of traders are listening to Kiyosaki’s warnings concerning the US greenback, even when some don’t agree with him.
Featured picture from Avira, chart from TradingView