In the latest of his bold statements, Robert Kiyosaki, famed for his bestselling book “Rich Dad Poor Dad,” has sparked fresh debate by branding the US dollar a “scam”. Through a recent social media message, Kiyosaki highlighted the risks of depending on conventional banking and advocated for alternative investments like Bitcoin, gold, and silver to safeguard wealth.
Bitcoin and the Dollar: Kiyosaki’s Verdict
Kiyosaki’s remarks stirred discussion as he acknowledged that Bitcoin might be a scam, yet he argued that the pitfalls of the US dollar and the banking system are far greater. According to him, the Federal Reserve’s control over the money supply has entrapped people in a flawed financial system.
He vociferously criticized central bankers, dubbing them “banksters,” blaming them for economic instability. Kiyosaki went as far as accusing these figures of financial mismanagement and pointed out that they often benefit from government bailouts while the average person pays the price.
Robert Kiyosaki (@theRealKiyosaki) March 1, 2025
Is BITCOIN a SCAM? It might be…. But not as big a scam as the US Dollar and the US Banking System…. Starting with the Fed.
They are BANKSTERS.
For example…. When they F. U. and lose billions…. The criminals at the Fed bail them out. They should go to jail.
Inflation and Debt: An Ongoing Challenge
Inflation and rising debt in the United States are other pressing concerns for Kiyosaki. He argues that the increasing fiscal obligations of the government will only worsen economic challenges by driving up inflation and further eroding the dollar’s strength.
His solution? Investing in Bitcoin, gold, and silver. Kiyosaki advocates for these assets because they tend to retain value over time, whereas the dollar’s purchasing power continues to decline.
Shunning Bitcoin ETFs for True Ownership
Kiyosaki holds a firm stance against Bitcoin exchange-traded funds (ETFs). While ETFs may provide some investors with easily accessible exposure to Bitcoin, he advises against them. He argues that owning Bitcoin through such financial products sacrifices control and introduces unnecessary risks.
He cautions that should anything go wrong with the ETF issuer, investors might incur unexpected losses, thus he insists on the importance of owning the actual asset to maintain full security.
Joining the Chorus of Concerned Investors
Though some may find Kiyosaki’s views extreme, he’s far from alone. A significant number of investors echo his skepticism, lacking trust in governmental and central banking institutions. With inflation chipping away at personal savings, doubt is mounting in traditional financial systems.
Bitcoin’s popularity is proof of this shifting sentiment, as more individuals view it as a safeguard for their finances. While opinions on Kiyosaki’s warnings vary, his thoughts on the US dollar resonate with many wary investors.
Image courtesy of Avira, Chart from TradingView.
