Rich Dad Poor Dad Author Kiyosaki Claims Dollar is a Bigger Scam than Bitcoin

Robert Kiyosaki, author of Rich Dad Poor Dad, conceded on X that Bitcoin might be a scam, but added that the U.S. dollar is a bigger scam. He backs up his statement by claiming that the Federal Reserve and the banking system defrauds everyone, receiving bailouts when losing money, while regular people do not get bailouts when they lose money.

For this reason, Kiyosaki distrusts securities controlled by banks, such as the newly minted Bitcoin ETFs, advising people to get gold, silver, and Bitcoin instead. He warns people against using financial products managed by banks. He feels concerned that even Bitcoin ETFs could be manipulated by banks, in some shape or form, only to defraud the general public further.

The author of Rich Dad Poor Dad also predicts that Bitcoin could hit a new record in 2025, reaching a height of $175,000 or even $350,000. In November last year, Kiyosaki predicted $500,000 for 2025, citing a new AI tool he used to forecast the price. While many of these projections may seem outlandish, there is a lot of momentum happening right now, not only with Bitcoin but also with Gold.

During the recent Bitcoin downturn, Kiyosaki claims he bought more at a discounted price. He considers Bitcoin a currency with integrity, as opposed to fiat money, which he considers “fake money.” He further finds pullbacks in the market an excellent opportunity to buy hard assets like gold and silver. Kiyosaki considers gold, silver, and Bitcoin a way to survive through a financial collapse.

“The problem”, wrote Kiyosaki, “is not BITCOIN. THE PROBLEM is our Monetary System and our criminal bankers. America’s bankrupt. Our debt, including social programs such as Medicare and Social Security, and our $36 trillion debt, is over $230 trillion”.

Kiyosaki has been raising concerns about the global economy for some time. He believes that the Federal Reserve is on the verge of collapse. He claims that the reserve has mismanaged funds and has made the situation worse regarding America’s economy, referring to the reserve as “banksters”, and pointing out that banks lost billions only to be bailed out.

He believes a banking collapse is imminent, and only certain types of assets will survive a large-scale collapse. Regarding Bitcoin, he believes that in the event of a crisis, the cryptocurrency will bounce back quickly, even if it drops momentarily. He also likes gold and silver, but he prefers silver for its growth potential and discounted price.

He provides further reasons why he prefers Bitcoin to fiat currency, namely Gresham’s law that bad money pushes good money into hiding and Metcalfe’s Law that Bitcoin’s network metrics only strengthen over time, leading to further adoption and added value.

“Our US Bonds are a joke”. Wrote Kiyosaki, “When countries such as Japan and China stop buying our bonds, inflation will go through the roof, our economy and the US dollar will crash”.