In a series of recent statements, Robert Kiyosaki, the renowned author of the best-selling book “Rich Dad Poor Dad,” has emphasized his belief in the future of cryptocurrencies, particularly Bitcoin BTC 0.47%, and the impending decline of fiat currencies, including the U.S. dollar.
Kiyosaki’s views on the subject have been consistent and clear. He has repeatedly referred to fiat currencies as fake money and has contrasted them with assets like gold, silver, and Bitcoin, which he believes hold real value. In his opinion, while gold and silver represent “God’s money,” Bitcoin is the “people’s money.”
His recent comments were made during his attendance at the TOKEN2049 cryptocurrency conference in Singapore. Taking to social media platform X (formerly known as Twitter), Kiyosaki expressed his excitement about the ongoing developments in the crypto space. He tweeted, “Crypto is the future. Fiat…a.k.a. FAKE money is toast.”
Kiyosaki’s advocacy for Bitcoin and other cryptocurrencies is not new. He has been a long-time supporter of these digital assets, often highlighting their potential in the face of a declining trust in traditional fiat currencies. He believes that the U.S. dollar and other fiat currencies are on a downward trajectory, and the future belongs to decentralized digital assets.
Furthermore, Kiyosaki has been vocal about his predictions regarding the future prices of these assets. He has previously forecasted that by 2025, gold could reach $5,000 per ounce, silver could climb to $500 per ounce, and Bitcoin could skyrocket to a staggering $500,000.
Backing his predictions with data, Kiyosaki has pointed out the rising global debt, which recently surged to a record $307 trillion, driven primarily by developed nations, including the U.S. He believes that such unsustainable levels of debt are a clear indicator of the declining trust in fiat currencies and the traditional financial system.
In addition to his bullish stance on cryptocurrencies, Kiyosaki has also shown a keen interest in precious metals like gold and silver. He views these metals as real assets that have been sought after throughout history and will continue to hold value in the future.
However, Kiyosaki’s views are not without their critics. Many financial experts believe that while cryptocurrencies hold potential, they also come with significant risks. The volatile nature of these assets, combined with regulatory uncertainties, makes them a risky investment for many.
Despite the criticisms, Kiyosaki remains undeterred. He has often emphasized the importance of being prepared for future financial downturns. He believes that assets like Bitcoin, gold, and silver can act as a hedge against economic uncertainties and provide financial security in challenging times.
