- Kiyosaki known as the U.S. greenback a much bigger rip-off than Bitcoin, blasting the Federal Reserve.
- He warned in opposition to Bitcoin ETFs, urging direct funding in gold, silver, and Bitcoin.
Famend writer Robert Kiyosaki, finest identified for “Wealthy Dad Poor Dad,” has as soon as once more voiced his skepticism in regards to the U.S. monetary system, branding the greenback a much bigger rip-off than Bitcoin [BTC].
In a latest post on X (previously Twitter), he criticized the Federal Reserve and main banks, accusing them of corruption and reckless mismanagement.
Robert Kiyosaki on Bitcoin
Kiyosaki, who has lengthy advocated for various property like Bitcoin and gold, referred to central bankers as “banksters,” claiming they proceed to obtain authorities bailouts regardless of large monetary losses.
He mentioned,
“Is BITCOIN a SCAM? It could be….However not an enormous a rip-off because the US Greenback and the US Banking System…. Beginning with the Fed. They’re BANKSTERS.”
Kiyosaki doubled down on his criticism of the Federal Reserve and the banking sector, accusing them of manipulating the monetary system for their very own acquire whereas peculiar residents bear the implications.
Are Bitcoin ETFs a rip-off?
He additionally voiced skepticism towards Bitcoin ETFs, warning that they’re managed by the identical monetary establishments he distrusts.
Based on Kiyosaki, these ETFs may enable banks to govern Bitcoin’s worth, limiting traders’ management over their property.
As an alternative, he urged people to put money into tangible property like gold, silver, and Bitcoin instantly, slightly than counting on monetary merchandise managed by conventional establishments.
He added,
I predict a collapse of our monetary system. Please shield your self from the BANKSTERS. Purchase actual gold, silver, and Bitcoin. No gold, silver or Bitcoin ETFS…. That are bankster’s cash.”
Present market developments
Kiyosaki’s remarks got here as Bitcoin skilled a downturn, briefly dropping to $78,000 earlier than rebounding to $85,975.16, marking a modest 0.96% acquire previously 24 hours, based on CoinMarketCap.
In the meantime, the BTC ETF market, which had been fighting outflows for the reason that 18th of February, noticed a major turnaround on the twenty eighth of February, recording $94.3 million in inflows, as reported by Farside Investors.
Evidently, Kiyosaki has remained steadfast in his confidence in Bitcoin.
Earlier, too, he had reinforced his stance on Bitcoin when President Donald Trump had introduced new tariffs on imports from Canada, China, and Mexico, noting,
“Trump tariffs begins: Gold, silver, Bitcoin might crash. Good. Will purchase extra after costs crash. Actual drawback is DEBT…which can solely worsen. Crashes imply property are on sale. Time to get richer.”
