Robert Kiyosaki, the author of the personal finance book ‘Rich Dad Poor Dad,’ has expressed gratitude to Bitcoin (BTC) investors for refusing to place their trust in traditional financial institutions.
The celebrity investor criticized these institutions, including the U.S. government, Treasury, and Federal Reserve, calling them a ‘Den of Thieves,’ he said in an X post on December 21.
Kiyosaki, who also thanked investors in precious metals like gold and silver, accused the institutions of perpetrating wealth theft through the fiat monetary system.
Picks for you
According to the financial educator, his distrust of the government began in 1965 when U.S. silver coins were replaced with copper alloys, which he viewed as a signal of the erosion of real monetary value.
“THANK YOU gold, silver, and Bitcoin HODLERS: I do not trust the US Government, the US Treasury, or the FED. If you trust this Den of Thieves, that is your choice. I stopped trusting my government in 1965 when I noticed our silver coins were now alloys of copper,” he said.
Kiyosaki emphasized his belief that real wealth lies in tangible and decentralized assets like gold, silver, and Bitcoin.
Protecting wealth in financial crisis
He also issued a grim forecast of a possible financial crash, urging investors to adopt his ‘rich dad’s’ philosophy of questioning traditional financial education and seeking guidance from wealthy individuals who prioritize wealth preservation.
“If you do not being “ bent over” and your wealth is stolen via your fake money…. Keep being ignorant, working hard for fake money, and continue listening to financial planners who will tell you what to do with your fake money,” he added.
As reported by Finbold, Kiyosaki has highlighted the importance of finding knowledgeable mentors to navigate high inflation and economic uncertainty in the U.S.
Overall, the author has long been critical of traditional financial systems, blaming associated institutions for economic troubles such as rising inflation.
Kiyosaki bullish on Bitcoin
Furthermore, Kiyosaki maintains a bullish outlook on alternative investment assets like Bitcoin and precious metals.
For instance, with Bitcoin surging to new highs above $100,000, Kiyosaki reiterated that it’s never too late to invest in the cryptocurrency, describing it as a coin ‘designed to make everyone rich,’ whether they are early adopters or latecomers.
To this end, he predicts that the maiden cryptocurrency is likely to hit a high of $500,000 in 2025.
He also views Bitcoin as a potential threat to the U.S. dollar, which he has termed ‘fake money, ’warning that the asset’s Bitcoin fixed supply could collapse the currency amid fears of ongoing devaluation.
Meanwhile, Kiyosaki’s views on Bitcoin and traditional financial systems could be challenged. For instance, fiat currencies have been used to manage economies through central bank policies offering proven stability, flexibility, and regulatory oversight.
On the other hand, while Bitcoin offers transferability, although still maturing, its volatility makes it a risky investment, unlike gold and silver, which require physical storage.
Disclaimer: The featured image in this article is for illustrative purposes only and may not accurately reflect the true likeness of the individuals depicted.
