Robert Kiyosaki, “Rich Dad Poor Dad” writer, has as soon as once more expressed his mistrust within the U.S. monetary system, calling the U.S. greenback an even bigger rip-off than Bitcoin. In a latest submit, Kiyosaki criticized the Federal Reserve and the banking sector, accusing them of corruption and mismanagement.
He referred to central bankers as “banksters,” alleging that they obtain authorities bailouts regardless of dropping billions.
Robert Kiyosaki Calls US Dollar a Scam, Urges Bitcoin Investment
In a latest submit on X platform, Robert Kiyosaki questioned whether or not Bitcoin is a rip-off however said that the U.S. greenback and the banking system are worse. He emphasised that the Federal Reserve and the banking sector manipulate the monetary system, benefiting from authorities bailouts whereas most people suffers losses.
Kiyosaki additionally warned in opposition to Bitcoin ETFs, stating that they’re managed by monetary establishments. He urged buyers to personal actual belongings equivalent to gold, silver, and Bitcoin somewhat than counting on monetary merchandise managed by banks. He expressed issues that banking establishments might manipulate these ETFs, lowering buyers’ management over their holdings.
Moreover, the monetary author not too long ago shared insights forward of the expected market crash, advising people to give attention to belongings that preserve worth. Kiyosaki emphasized the significance of gold, silver, and Bitcoin as safety in opposition to inflation and monetary instability. Kiyosaki additionally inspired investing in important companies and actual property alternatives that emerge throughout downturns.
Bitcoin Price Market Volatility Viewed as an Opportunity
During a interval of Bitcoin worth fluctuations, Robert Kiyosaki reiterated his confidence within the cryptocurrency. On February 27, he commented on Bitcoin’s declining worth, stating that it was a chance to purchase somewhat than a trigger for concern. He referred to Bitcoin as being “on sale” and reaffirmed his dedication to buying extra.
Kiyosaki blamed America’s monetary construction somewhat than Bitcoin for market instability. He maintained that conventional monetary establishments are liable for the nation’s financial instability.
Similarly, earlier this yr, Kiyosaki highlighted reasons why Bitcoin holds a bonus over the US greenback. He pointed to Gresham’s Law, stating that dangerous cash, like fiat currencies, pushes good cash into hiding, making Bitcoin a most well-liked retailer of worth. He additionally referenced Metcalfe’s Law, emphasizing that Bitcoin’s rising community strengthens its worth and international acceptance.
U.S. Debt Crisis and Inflation Concerns
Robert Kiyosaki additionally expressed issues concerning the rising U.S. debt. He claimed that the full monetary obligations, together with unfunded liabilities, exceed $230 trillion. He predicted that when main holders like Japan and China cease buying U.S. bonds, inflation will rise, additional weakening the greenback.
According to Kiyosaki, the Federal Reserve’s financial insurance policies are unsustainable. He said that inflation shouldn’t be brought on by rising asset costs however by the declining worth of the greenback. Kiyosaki believes that the weakening forex will push extra buyers in the direction of tangible belongings like Bitcoin, gold, and silver.
Preference for Physical Assets Over ETFs
Robert Kiyosaki urged buyers to purchase actual gold, silver, and Bitcoin as a substitute of ETFs linked to those belongings. He referred to as Bitcoin ETFs “bankster’s money” and said that they don’t provide the identical stage of monetary safety as direct possession.
Kiyosaki warned that monetary establishments manipulate ETFs and don’t present actual safety throughout financial crises.
At press time, Bitcoin price is buying and selling at $85,162.67, reflecting a 1.69% enhance previously 24 hours. The market cap stands at $1.68 trillion, whereas the 24-hour buying and selling quantity dropped to $37.22 billion.
Ronny Mugendi
Ronny Mugendi is a seasoned crypto journalist with 4 years {of professional} expertise, having contributed considerably to varied media retailers on cryptocurrency developments and applied sciences. With over 4000 printed articles throughout varied media retailers, he goals to tell, educate and introduce extra folks to the Blockchain and DeFi world. Outside of his journalism profession, Ronny enjoys the fun of motorbike driving, exploring new trails and landscapes.
Disclaimer: The offered content material could embody the private opinion of the writer and is topic to market situation. Do your market analysis earlier than investing in cryptocurrencies. The writer or the publication doesn’t maintain any accountability in your private monetary loss.
