Kiyosaki: US Dollar a Bigger Scam Than Bitcoin?
Robert Kiyosaki, renowned author of "Rich Dad Poor Dad," has again voiced strong criticism of the U.S. financial system, declaring the U.S. dollar a greater risk than Bitcoin.
Kiyosaki's Claims on Bitcoin and the US Dollar
In a recent X post (formerly Twitter), Kiyosaki attacked the Federal Reserve and major banks, accusing them of corruption and mismanagement. He referred to central bankers as "banksters," highlighting their history of receiving government bailouts despite significant financial losses.
His statement: "Is BITCOIN a SCAM? It might be….But not as big a scam as the US Dollar and the US Banking System…. Starting with the Fed. They are BANKSTERS." This underscores his belief that the current system poses a greater threat to investors.
Concerns About Bitcoin ETFs
Kiyosaki also expressed skepticism towards Bitcoin ETFs, warning they are controlled by the same financial institutions he distrusts. He believes these ETFs could allow banks to manipulate Bitcoin's price, reducing investor control. He recommends direct investment in physical assets instead.
He advises: "I predict a collapse of our financial system. Please protect yourself from the BANKSTERS. Buy real gold, silver, and Bitcoin. No gold, silver or Bitcoin ETFS…. Which are bankster’s money."
Market Trends and Kiyosaki's Stance
Kiyosaki's comments follow a period of market fluctuation. Bitcoin briefly dropped below $78,000 before recovering to around $85,975.16. While the BTC ETF market initially experienced outflows, it saw a significant turnaround, recording $94.3 million in inflows on February 28th, according to Farside Investors.
Despite these market shifts, Kiyosaki remains confident in Bitcoin's long-term prospects. He previously stated, "Trump tariffs begin: Gold, silver, Bitcoin may crash. Good. Will buy more after prices crash. Real problem is DEBT…which will only get worse. Crashes mean assets are on sale. Time to get richer."
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