Robert Kiyosaki, the well-known author of “Rich Dad Poor Dad”, is making headlines again with his criticism of the US dollar. In a recent social media post, he called the currency a “scam” and warned about the dangers of relying on the traditional banking system. Instead, he suggested that Bitcoin, gold, and silver are better options for protecting wealth.
Bitcoin Might Be A Scam, But The Dollar Is Worse: Kiyosaki
Kiyosaki’s latest statement got people talking. He admitted that Bitcoin could be a scam, but added that the US dollar and the banking system are even bigger ones. He believes that the Federal Reserve, which controls the money supply, plays a major role in keeping people trapped in a broken system.
In his view, central bankers—whom he refers to as “banksters”—are responsible for financial instability. He accused them of mismanaging money and receiving government bailouts while ordinary people suffer the consequences.
Is BITCOIN a SCAM?
It might be….
But not a 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.
That’s…
— Robert Kiyosaki (@theRealKiyosaki) March 1, 2025
US Debt And Inflation Are A Major Concern
Another big issue for Kiyosaki is inflation. He has been warning for years that rising US debt will lead to higher prices and a weaker dollar. The government’s growing financial troubles, he says, will only make things worse.
That’s why he keeps pushing for alternative investments. Bitcoin, gold, and silver, he believes, offer protection against the risks of a failing currency. These assets, he says, can hold their value over time, while the dollar keeps losing purchasing power.
Kiyosaki Advises Holding Bitcoin, Not ETFs
Kiyosaki also has strong opinions on Bitcoin exchange-traded funds (ETFs). While some investors see ETFs as an easy way to get exposure to Bitcoin, he disagrees. He believes it’s much safer to own Bitcoin directly rather than through an investment product controlled by financial institutions.
His reasoning is simple—if you don’t own the actual asset, you don’t have full control. If something goes wrong with the ETF provider, investors could face losses they didn’t expect. For Kiyosaki, direct ownership is the only way to go.
Many Investors Share His Concerns
Kiyosaki’s ideas may seem far-fetched, but he’s not the only one who worries about them. A lot of people don’t trust the government or central banks with their money. Inflation is eating away at savings, and people are losing faith in standard banking.
Bitcoin is becoming more and more popular, especially among people who see it as a way to protect their money. A lot of investors are paying attention to Kiyosaki’s warnings about the US dollar, even if some don’t agree with him.
Featured image from Avira, chart from TradingView
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