Rich Dad Poor Dad author Robert Kiyosaki has called the dollar “fake money,” saying he prefers BTC, ETH, gold, silver, and oil.

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Robert Kiyosaki calls Bitcoin and Ether real money

Bestselling author of Rich Dad Poor Dad, Robert Kiyosaki, has once again come out in defense of Bitcoin, saying the dollar is “fake money” that only devalues people’s labor. He believes it’s a crime that children are taught in schools to work for wages in inflationary currencies.

“The poor stay poor because they don’t understand what real money is. Teachers and professors teach young people: go to school, get a job, work, save, invest in a 401(k) that’s full of garbage,” Kiyosaki said on the Bitcoin Collective podcast.

Criticism of central banks

The writer criticized central banks, calling them “criminal organizations” and even “Marxists”. He emphasized that printing new money only makes the rich richer, while the middle class and poor become financially weaker.

According to the US Bureau of Labor Statistics, $ 1,000, set aside in 2000, lost almost 47% of its purchasing power due to inflation. At the same time, Bitcoin has grown by more than 900% over the past five years, from $ 11,600 to about $ 117,200.

His crypto portfolio

Kioyasaki admitted that he currently owns about 60 BTC, which he started buying at a price of $ 6,000. At current prices, his assets exceed $ 7 million. He also invests real estate profits in oil, gold, silver, Bitcoin and Ethereum.

In April, he predicted that BTC could reach $1 million in the next decade. At the same time, he warns investors about the risks of ETFs, calling them “paper assets” that can suffer during banking crises.

Global context

Kioyasaki’s words are being confirmed in countries with high inflation. In Venezuela, people are massively switching to stablecoins, primarily Tether (USDT), as annual inflation has exceeded 229%. In Argentina, investors, according to Bitcoin Standard author Saifedin Ammus, are also fleeing from the peso for the dollar and BTC.

Real Vision CEO Raul Pal advises accumulating cryptocurrencies and even NFTs to protect against “exponential currency depreciation.”