Robert Kiyosaki, the well-known writer of “Wealthy Dad Poor Dad”, is making headlines once more along with his criticism of the US greenback. In a latest social media submit, he known as the foreign money a “rip-off” and warned concerning the risks of counting on the standard banking system. As an alternative, he advised 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 obtained 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 function in conserving 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 peculiar individuals endure 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…. 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 huge concern for Kiyosaki is inflation. He has been warning for years that rising US debt will result in larger 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, supply safety in opposition to the dangers of a failing foreign money. These property, he says, can maintain their worth over time, whereas the greenback retains dropping 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 strategy to get publicity to Bitcoin, he disagrees. He believes it’s a lot safer to personal Bitcoin immediately reasonably than by way 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 flawed with the ETF supplier, traders might face losses they didn’t count on. For Kiyosaki, direct possession is the one strategy to go.
Many Buyers Share His Considerations
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 individuals are dropping religion in customary banking.
Bitcoin is changing into increasingly standard, particularly amongst individuals who see it as a strategy to shield their cash. A variety of traders are being attentive to Kiyosaki’s warnings concerning the US greenback, even when some don’t agree with him.
Featured picture from Avira, chart from TradingView
