Robert Kiyosaki, the outspoken businessman and author of the financial classic “Rich Dad Poor Dad,” has once again stirred the pot with his latest pronouncement on currency. On May 10, the financial guru took to X (formerly known as Twitter) to urge his followers to abandon what he calls “fake money”—a jab at fiat currencies—and instead invest in Bitcoin, gold, and silver. His pointed critique targets centralized monetary policies, particularly those of the Federal Reserve, aligning him with the libertarian views of former U.S. Congressman Ron Paul.
The Call to Arms
Kiyosaki’s latest rallying cry comes amid ongoing debates about the sustainability of current monetary systems. In his post, he cited Ron Paul, a long-time critic of central banking, who has likened interest rate setting by central banks to “price fixing,” comparing it to socialist economic control. “Fake money leads to dishonest money,” Kiyosaki declared, arguing that fiat currencies erode personal wealth and foster corruption. It’s a position that resonates with his followers, many of whom share his skepticism of centralized economic control.
The businessman’s financial philosophy is heavily influenced by Austrian economics, emphasizing the importance of assets that resist political manipulation. He believes that decentralized alternatives like Bitcoin and precious metals are essential hedges against inflation—a sentiment that has become increasingly relevant as inflation rates have fluctuated over recent years. This perspective is further explored in our recent coverage of Stagflationary Data Puts Pressure on Bitcoin, Stocks.
The Fiat Currency Debate
Kiyosaki’s criticisms of fiat currency are hardly groundbreaking, but they are gaining renewed attention as global economic conditions evolve. He describes the U.S. dollar as a “dying” currency, weakened by government spending and central bank interventions. “Don’t work or save fake money,” he advises. “Get on your own decentralized gold, silver, and Bitcoin standard.”
His warnings come at a time when many investors are questioning the long-term viability of traditional currencies. The ongoing discussions around the digital dollar and central bank digital currencies (CBDCs) have only added fuel to the fire, prompting more individuals to explore decentralized options. This aligns with the growing sentiment that Bitcoin’s price is poised to rise, as discussed in our article Bitcoin price about to ‘blast’ higher as Fed rate cut odds jump to 60%.
Bitcoin’s Million-Dollar Dream
Kiyosaki’s bold predictions about Bitcoin’s future have also caught the eye of market watchers. In an earlier post, he forecasted that Bitcoin could reach $1 million by 2035, attributing this potential rise to the weakening U.S. dollar and inflationary pressures. His forecast echoes other bullish projections in the crypto world, including a February 2025 statement by ARK Invest CEO Cathie Wood, who suggested Bitcoin could hit $1.5 million by 2030 if demand continues to grow.
The scarcity and decentralized nature of Bitcoin have made it an attractive option for those seeking to hedge against traditional financial systems. This sentiment was echoed by Eric Trump at the Bitcoin MENA event in Abu Dhabi last December, where he also predicted Bitcoin’s value could reach $1 million.
Looking Ahead
Kiyosaki’s call to “fight back” by opting out of fiat systems raises questions about the future of global finance. As more people consider decentralized assets as viable alternatives, the tension between traditional financial institutions and emerging technologies like cryptocurrencies is likely to intensify.
Yet, the road ahead is fraught with uncertainties. While Kiyosaki and others remain optimistic about Bitcoin’s trajectory, market volatility and regulatory challenges could impact these predictions. As the world navigates these uncharted waters, investors are left to ponder the potential of a decentralized financial future.
One thing is clear: the conversation around money is evolving, and voices like Kiyosaki’s are amplifying the call for change. Whether his predictions come to pass or not, the debate over the role of decentralized assets in the global economy is far from over.
Source
This article is based on: Robert Kiyosaki says ditch ‘fake money’ for Bitcoin, gold, and silver
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Steve Gregory is a lawyer in the United States who specializes in licensing for cryptocurrency companies and products. Steve began his career as an attorney in 2015 but made the switch to working in cryptocurrency full time shortly after joining the original team at Gemini Trust Company, an early cryptocurrency exchange based in New York City. Steve then joined CEX.io and was able to launch their regulated US-based cryptocurrency. Steve then went on to become the CEO at currency.com when he ran for four years and was able to lead currency.com to being fully acquired in 2025.
