Robert Kiyosaki, author of Rich Dad Poor Dad, has once again expressed skepticism toward traditional financial systems, this time warning against Bitcoin and precious metal exchange-traded funds (ETFs). Instead, he advocates for direct asset ownership, arguing that the current banking system is deeply flawed.
Bitcoin vs. the US Dollar: Kiyosaki’s Perspective
In a recent X post, Kiyosaki posed the question: “Is BITCOIN a SCAM?” His response was striking:
“It might be…. But not as big a scam as the US Dollar and the US Banking System…. Starting with the Fed.”
He referred to central bankers as “BANKSTERS”, criticizing them for receiving government bailouts after financial mismanagement. According to Kiyosaki, when major institutions lose billions, the Federal Reserve steps in to save them—actions he believes should be met with legal consequences rather than financial relief.
Avoiding ETFs: Kiyosaki Urges Direct Ownership
Kiyosaki has long been a proponent of gold, silver, and Bitcoin, but he warns against holding them in ETFs. He labeled such investment vehicles as “banksters’ money”, arguing that they remain under the control of financial institutions, defeating the purpose of decentralized assets.
Instead, he advises individuals to take direct ownership of physical gold and silver or self-custody Bitcoin to protect their wealth from economic instability.
Bitcoin’s Price Drop: ‘Bitcoin Is on Sale’
Kiyosaki’s comments come amid Bitcoin price volatility. On February 27, after a sharp market decline, he tweeted:
“BITCOIN CRASHING. Bitcoin is on SALE. I AM BUYING.”
Rather than viewing the downturn as a sign of weakness, he sees it as an opportunity to accumulate more Bitcoin at a discount, reinforcing his belief that the real issue lies not with cryptocurrencies but with the US monetary system and its rising debt.
US Debt Crisis: Inflation and Economic Collapse?
Kiyosaki has repeatedly warned of an impending economic crisis, arguing that the US is heading toward bankruptcy. He estimates the country’s total debt—including social programs and unfunded liabilities—to be over $230 trillion, far beyond the official $36 trillion national debt. He predicts that when Japan and China stop purchasing US bonds, inflation will spiral out of control, leading to economic collapse and dollar devaluation.
Silver: The Next Big Investment?
Beyond Bitcoin, Kiyosaki remains bullish on silver, citing it as one of the best investments available. He predicts that once gold surpasses $3,000 per ounce, silver will surge from $32 to $70 per ounce, noting that it is still trading well below its all-time high.
“The price of gold, silver, and Bitcoin aren’t going up. Inflation is bringing the purchasing power…the value of their fake money down.”
Robert Kiyosaki continues to be one of the most outspoken critics of the US financial system, urging investors to seek refuge in tangible assets like gold, silver, and Bitcoin. While he acknowledges Bitcoin’s risks, he believes it remains a safer bet compared to the dollar-backed banking system, which he sees as unsustainable. As economic uncertainty looms, Kiyosaki’s warnings serve as a stark reminder of the fragile nature of fiat currencies and the importance of asset diversification.
