Robert Kiyosaki, author of the bestselling book Rich Dad Poor Dad, is known for his sharp insight into financial matters. He has issued a bold statement warning about the eventual demise of the U.S. dollar. He believes that global financial powers will wipe out the dollar’s valuation. As a result, the most logical move is to invest in BTC.
In a lengthy social media post, Kiyoski wrote, “Gold is at an all time high, demand for silver is exploding, and Bitcoin is roaring.” In other words, according to Kiyosaki, BTC eventually turns itself into a hedge against trying times. However, the highlight of his statement was what he had to say against US fiat currency, the dollar.
The Gradual Shift
He has pointed out that there has been a gradual rise in the prices of digital assets, even when things are not quite right in the crypto ecosystem. Therefore, this shows a more intense investor interest developing towards these assets. This means that soon, people will rely more on digital currencies than fiat currencies.
Kiyosaki blamed the banks for the dollar’s downfall. He believes this is part of a premeditated disaster. He believes that savers who rely more on stocks and mutual funds risk losing their money. As a result, he is urging people to shift their focus from fiat to digital. He believes that BTC will power the ‘new rich and new leaders of the world.’
He not only lambasted the banks but also blamed the schooling and college systems for failing to prepare people with functional knowledge about real-world finances. However, he still believes that it is not too late to change things.
