Bitcoin Might Be A Scam, But The Dollar Is Worse: Kiyosaki

Robert Kiyosaki, the well-known author of “Rich Dad Poor Dad”, is making headlines again with his criticism of the US dollar.

Robert Kiyosaki, renowned author of 'Rich Dad Poor Dad,' has once again stirred up conversation with his criticism of the US dollar. In a recent post on social media, Kiyosaki called the currency a "scam" and advised against relying on the traditional banking system. Instead, he highlighted Bitcoin, gold, and silver as better options for preserving wealth.

Kiyosaki's latest statement comes amid concerns over US debt and inflation. The government's financial troubles are a big issue for the author, who has been warning about the consequences of rising prices and a weak dollar.

Kiyosaki's strong stance on the US dollar and the Federal Reserve is well-known. He believes that the Fed keeps people trapped in a broken system by controlling the money supply. In his view, central bankers—whom he refers to as "banksters"—are responsible for financial instability. They mismanage money and receive government bailouts while ordinary people suffer the consequences.

As for Bitcoin ETFs, Kiyosaki thinks they are not necessary. He believes it’s much safer to own Bitcoin directly rather than through an exchange-traded fund controlled by a financial institution.

"If you don't own the asset, you don't have control," he wrote.

Kiyosaki's ideas may seem extreme, but they reflect the concerns of many who distrust the government or central banks with their money. Inflation is eroding savings, and people are turning to alternatives.

Bitcoin's popularity is surging, especially among those seeking to shield their wealth. With many investors watching closely, Kiyosaki's warnings about the US dollar continue to spark debate.