Robert Kiyosaki, the well-known author of Rich Dad Poor Dad, recently took to X (Twitter) to share his views on Bitcoin. He described the recent price drop as a great opportunity to buy more.
According to him, Bitcoin is not the problem—the real issue lies with the U.S. monetary system and what he calls “criminal bankers.”
Robert Kiyosaki Says “America’s Bankrupt”
Kiyosaki argued that America is financially unstable, with a national debt exceeding $36 trillion. When factoring in social programs like Medicare and Social Security, he estimated the actual debt to be over $230 trillion.
He warned that if countries like Japan and China stop purchasing U.S. bonds, inflation will skyrocket, crashing the economy and the dollar. Given this outlook, he said he sees Bitcoin as a haven.
He emphasised that he prefers to trade “fake money”—referring to fiat currency—for assets like gold, silver, and Bitcoin. In his view, Bitcoin is “money with integrity,” while fiat money is bound to lose value.
A Long-Time Bitcoin Advocate
Kiyosaki has been a vocal supporter of Bitcoin for years. He has repeatedly advised his followers to invest in it as a hedge against financial instability.
His belief in Bitcoin aligns with his broader philosophy of wealth-building through assets rather than traditional savings.
He has consistently encouraged people to buy Bitcoin whenever its price drops, seeing such dips as buying opportunities rather than reasons to panic. He holds over 73 Bitcoins.
Also Read: “Time To Get Richer,” Robert Kiyosaki Plans To Buy More Bitcoin After Upcoming Crash
Warning About U.S. Gold Reserves
Beyond Bitcoin, Kiyosaki has also raised concerns about the U.S. economy’s reliance on gold reserves. He recently speculated that if those reserves were depleted, it would have disastrous consequences.
He warned that the economy would collapse, the dollar would become worthless, and inflation would devastate millions of lives. He even went as far as to call the U.S. dollar “toilet paper.”
In light of this, he believes that assets like gold, silver, and Bitcoin are the best protection against financial ruin.
According to him, these investments hold real value, unlike fiat currency, which can be devalued by government policies and inflation.
Bitcoin Faces a Rough Patch
Despite Kiyosaki’s confidence in Bitcoin, the cryptocurrency is currently experiencing a downturn. Its price has dropped by 2.76%, bringing it to $86,268.05. The 24-hour trading volume has also fallen by 4.80%.
While Bitcoin has seen volatility before, this latest dip is another reminder of the unpredictable nature of the market.
Robert Kiyosaki remains unwavering in his support for Bitcoin, even as prices fluctuate. He sees financial turmoil ahead for the U.S. and urges investors to prepare by acquiring assets that hold their value.