Digital Assets: Robert Kiyosaki (Of Rich Dad Poor Dad Fame), Trashes Fiat Money

September 18, 2023 | Digital Assets, News
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Kiyosaki: “Crypto is the future. Fiat…a.k.a. FAKE money is toast.”

In a recent statement, renowned author Robert Kiyosaki, famous for his book “Rich Dad Poor Dad,” boldly declared that cryptocurrency is the future while fiat money, including the U.S. dollar, is on the brink of obsolescence. Kiyosaki’s perspective stems from his belief that fiat currencies are essentially “fake money,” contrasting them with what he calls “God’s money,” represented by gold and silver, and “people’s money,” represented by Bitcoin.

Kiyosaki’s conviction in the potential of cryptocurrency was evident in his enthusiastic endorsement of a “massive crypto conference” in Singapore, which he found highly exciting. He succinctly summarized his viewpoint by stating, “Crypto is the future. Fiat…a.k.a. FAKE money is toast.” (Bitcoin.com)

This perspective isn’t new for Kiyosaki, as he has consistently warned about the fragility of fiat currencies. He has persistently criticized the U.S. dollar, foreseeing its eventual downfall. Back in July, he predicted a looming economic crisis that would lead the Federal Reserve to print substantial amounts of fiat money, further eroding trust in the dollar. He went on to forecast that by 2025, gold would reach $5,000, silver $500, and Bitcoin a staggering $500,000.

Kiyosaki’s support for Bitcoin has been ongoing, emphasizing its classification as a commodity akin to precious metals like gold and silver. He has also clarified that he is an investor in Bitcoin, not a trader. Additionally, he cautioned against most other cryptocurrencies being categorized as securities by the U.S. Securities and Exchange Commission (SEC), indicating that heavy regulations from the SEC could spell doom for many of them.

Related Story:  Financial Doom And Gloom Warnings From Kiyosaki, Schiff

Image by Satheesh Sankaran from Pixabay

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